Hungarian government launches Housing Capital Programme to build new homes

The Housing Capital Programme initiated by the National Economy Ministry, coordinated by the National Capital Holding (NTH) and financed by the Hungarian Development Bank (MFB) is launched with a HUF 300bn limit, HUF 100bn more than planned, due the high level of interest, NTH said on Friday.

The tender announced between March 17 and 24 with the aim to expand housing supply attracted applications from twenty-three funds of twenty fund managers, of which nineteen complied with the requirements. The fund managers requested funds of HUF 393bn, close to double the originally announced HUF 200bn, that is why a decision was taken to increase the tender limit.

Domestic fund managers that managed assets of at least HUF 25bn in real estate and/or securities funds or managed private equity funds with an average total registered capital of at least HUF 25bn by the end of 2024 were eligible to apply. One fund manager could apply with several funds so they could receive at least HUF 5bn per fund or a maximum of HUF 20bn per fund manager, NTH said.