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News Hungarian government introduces €280m home improvement subsidy scheme

Hungarian government introduces €280m home improvement subsidy scheme

Written by Global Insulation staff
08 April 2024
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Hungary: The government plans to avail citizens of €280m in subsidy for residential refurbishments that increase efficiency, beginning in June 2024. The initiative aims to help renovate 20,000 homes, installing new insulation, boilers, doors and window frames. Local press has reported that that homeowners who contribute €2800 may receive up to €16,800. The goal of the scheme is to reduce gas consumption in line with EU policy. It has backing from the EU's Recovery and Resilience Facility, and is expected to generate €650m in additional orders for Hungarian building materials producers.

Published in Global Insulation News
Tagged under
  • Hungary
  • government
  • demand
  • construction sector
  • housing
  • EU
  • EU Recovery and Resilience Facility

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