Bausparkasse scheme (“Lakás-takarékpénztár”)

Bausparkasse scheme (“Lakás-takarékpénztár”)

More information




Individuals, condominiums and housing cooperatives

Managing body

Financial institutions (Bausparkasse-s/building societies)

Volume of funding

In the past 10 years, c.€134 million (47 billion HUF) per year on average

Own contribution



Between 1997 and 2018 the state provided a 30% subsidy for savings within this scheme, which was available for individuals and multi-family apartment buildings. Recipients signed a contract and created a separate account controlled by the managing body for their savings on which they received the subsidy (30% of the amount of their monthly transfer to the account). The subsidised savings were allowed to be spent on renovation, among other housing purposes. The subsidy was provided for up to 10 years, with a maximum amount of 72,000 HUF/year (c. €200) for individual recipients. For buildings, the subsidy was higher, depending on the number of flats in the building (in 2011, €309-926/year). The scheme also contained a loan with favourable conditions that could be used after the saving period was over.

Many condominiums and cooperatives combined the Bausparkasse scheme with the interest rate subsidised loan, enabling them to achieve a nearly zero or even negative interest rate. In 2018 the scheme included 1.3-1.5 million contracts.

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