Published: 2023-06-27
Hungary's home-building grants undergo changes periodically. The most recent one is that starting from January 1st, 2024, the "Falusi CSOK" home-building grant will only be available for small villages and rural areas with less than 5,000 residents.
No More "Falusi CSOK" in Urban Areas
Budapest and other urban areas will no longer be eligible for the "Falusi CSOK" building grants. This change is a government's measure to focus more on the rural areas. However, the government is coming up with a new form of home-building support system for urban areas.
Increased Grants for Rural Areas
The rate of financial support for "Falusi CSOK" is expected to increase for those living in the smaller villages and rural areas. The grant for people living in places with less than 5,000 residents will also go up. Here are the new amounts for homes built after January 1st, 2024:
- 1 child: HUF 1 million (previous: HUF 600,000)
- 2 children: HUF 4 million (previous: HUF 2.6 million)
- 3 or more children: HUF 15 million (previous: HUF 10 million)
For those who live in rural areas and are planning to renovate, modernize or expand their homes, the rate of financial support is also increasing. The new amounts for homes built after January 1st, 2024, are:
- 1 child: HUF 500,000 (previous: HUF 300,000)
- 2 children: HUF 2 million (previous: HUF 1.3 million)
- 3 or more children: HUF 7.5 million (previous: HUF 5 million)
Eligibility for "Falusi CSOK"
To be eligible for "Falusi CSOK," applicants must meet the personal requirements of the home-building grant. These include those who are married, cohabiting, or single parents raising children. For couples who are planning to have a child in the future, they can only apply for the building grant when one of them is below 40 years old at the time of application.
Conclusion
In short, the new changes for Hungary's home-building grants in 2024 include; increased rates of support for homes built after January 1st, 2024, in small villages and rural areas and exclusion of Budapest and other urban areas from the "Falusi CSOK" building grants.
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<script async src="https://www.viator.com/orion/partner/widget.js"></script>Questions & Answers
What is the Falusi CSOK? The Falusi CSOK is a special type of the family home creation allowance that provides non-refundable support for the purchase, renovation, or modernization of homes and houses in rural areas and some small settlements.
What is changing with the 2024 home building grants in Hungary? Starting from January 1, 2024, the Falusi CSOK will only be available for settlements with populations under 5,000. Additionally, the government will introduce new home creation support measures for bigger settlements, excluding Budapest. However, the Falusi CSOK will see an increase in support for eligible individuals living in rural areas.
What is the maximum amount of support provided under the Falusi CSOK? The amount of support provided under the Falusi CSOK depends on the number of children. For buying a new home and simultaneously expanding/modernizing it, the following amounts apply until January 1, 2024:
- 1 child: 600,000 HUF
- 2 children: 2.6 million HUF
- 3 or more children: 10 million HUF For expanding/modernizing an existing home, the following amounts apply until January 1, 2024:
- 1 child: 300,000 HUF
- 2 children: 1.3 million HUF
- 3 or more children: 5 million HUF
Who can apply for the Falusi CSOK? Those who meet the personal requirements of the family home creation allowance (CSOK) can apply for the Falusi CSOK. This includes unmarried couples, married couples, and single parents raising their child(ren). Only married couples who have not turned 40 at the time of application can apply for the Falusi CSOK for future (planned) children.
If I don't live in a settlement listed for the Falusi CSOK, can I still apply for it? No, starting from January 1, 2024, the Falusi CSOK will only be available for settlements with populations under 5,000 listed by the Hungarian government.
