How projects creating at least 250 new homes can become a priority investment for the national economy

The government decree published on Monday significantly speeds up the approval process for newly built homes that can be purchased with a fixed 3% loan, thanks to which the construction of thousands of new homes can begin across the country in the autumn, according to the Prime Minister's Office.

It is a priority to get housing developments built at affordable prices for young people started as soon as possible, so the government is significantly speeding up their approval processes. Under the legislation published today

Any construction investment that aims to build at least 250 dwellings, and at least 70 percent of which meet the criteria of the Home Start Programme, can become a priority national economic investment, and thus obtain a building permit through an accelerated permit procedure.

The assessment of the investments will be carried out by the Home Start Programme Office with the participation of Építési és Közlekedési Minisztérium, they said.

Stable order books for the construction industry

Administrative support is also provided for investments to create first homes for young people. Last week, the Home Start Programme Office was set up within the Prime Minister's Office to ensure the effective implementation of the fixed 3 per cent loan programme and to coordinate between government and non-government bodies to help new housing developments get underway, the statement said.

The aim is to ensure that, in a few months, the development of thousands of new homes for first-time home buyers can be launched, thus satisfying the needs of young people, providing a stable order for the construction industry and contributing to the economic growth of our country

- reads the Communication.