According to András Kármán, the flawed design of Otthon Start let prices run away. The government says Wekerle Plusz is needed because 57% fewer new homes were built in 2025 than in 2020, while prices rose 23.5%.
- State-subsidised loans (Otthon Start) boosted demand
- New-home construction collapsed, supply is scarce
- Rising construction material and labour costs
- Investors and speculators bought up homes
- Inflation and wage growth, so there was no real price rise