Property
The development of approximately 4,300 Otthon Startos apartments has become a priority investment.
The government has amended its previous decree on the construction of housing that meets the conditions of the Otthon Start loan programme. Based on the provisions of Magyar Közlöny Monday's issue No. 144, seven new projects have been added to the project list in the annex to the previous decree on the designation of the construction projects concerned as priority investments.
Among the newly added projects is the Budaörs property development presented by our newspaper: in the investment supported by the Otthon Start programme, a 250-apartment residential park will be built in the Nádas-dülő area, developed by MB Ingatlan. As mentioned in the article, the project will create apartments that meet the conditions of the Otthon Start programme, with affordable financing available even for young people, career starters and families.
As demand increases, supply must keep pace.
The Hungarian Gazette also reported on the decree published on priority housing development projects in its announcement Építési és Közlekedési Minisztérium. They remind us that the Otthon Start Programme, launched in September with favourable interest rates, continues to expand dynamically:
According to the latest report from Magyar Nemzeti Bank, the scheme has significantly transformed the mortgage market, and a significant increase in the number of contracts is expected.
„However, increased demand will only serve the interests of families if supply keeps pace with it,” emphasises the statement signed by Regő Lánszki, State Secretary for Architecture.
Debrecen was also affected by the expansion of the list
According to data from announcement ÉKM, the seven new developments will enable the creation of a total of approximately 4,300 new homes. Three of the projects will be implemented in rust belt areas and two in rural locations. The announcement also lists the new Otthon Start projects published in the Hungarian Gazette:
- New residential development consisting of mixed-use buildings in Budapest's 18th district.,
- Renovation of a former commercial and service area, now disused brownfield site, with large-scale residential development in Debrecen.,
- Creation of residential buildings supplemented with commercial, service and community functions in a former industrial area in Budapest's 15th district.,
- apartment building development in the Budaörs area,
- Residential development with commercial and service functions in Budapest's 11th district.,
- Large-scale residential development with additional commercial and service functions in Budapest's 11th district.,
- Creation of residential buildings supplemented with commercial and service functions in a former industrial area in Budapest's 11th district.
Source: Link
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