1 in 8 Hungarians could renovate next year

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Residential

Almost 13% of Hungarian households say they are “certain” or “probably” will renovate their house in the coming year, according to a joint survey by the economic research institute GKI and the building materials manufacturer Masterplast, according to an official press report. MTI wire.

The representative survey, conducted in April, shows that 3.2% of Hungarians have firm plans for renovations in the next twelve months, while 9.6% say they will likely improve their homes.

Masterplast noted that fewer households plan to renovate than when the survey was conducted in January, the month the government rolled out a home renovation subsidy program. He added that a third of Hungarians who plan to renovate will benefit from the state subsidy scheme.

The state offers to subsidize half of home renovation costs – up to HUF 3 million – for families with one or more children and provides preferential loans to cover the other half of modernization projects.

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