New? Renovating? A new apartment that is 20 million more expensive may also be worth it with Wekerle Plus.

The Wekerle Plusz loan offers a 3% interest rate for new homes and 5% for used ones, prompting buyers to weigh costs. A comparison shows that new apartments can be more cost-effective over 25 years, despite higher initial prices. The article outlines three scenarios for financing renovations, including personal loans and upcoming government programs. In Budapest, the total cost of a renovated used apartment can exceed that of a new one, while in rural areas, new homes are significantly cheaper. The Wekerle renovation program may shift the balance towards used properties, but not enough to change the overall preference for new builds. The analysis does not account for utility cost differences, which may favor energy-efficient new homes.