Declining fertility rates are an increasingly important topic in today’s Europe. Fertility rates play a significant role in sustaining a stable population and ensuring economic growth and innovation. The purpose of this thesis is to evaluate the effectiveness of CSOK, a Hungarian housing policy specifically aimed at increasing fertility rates. The research relies on theories such as Becker’s new home economics theory, Quantity-quality trade-off theory, and Willis’s economic theory of family. The study of housing prices and fertility is also provided to understand the relationship between housing and fertility better. The benchmark country for this thesis is Hungary. Using the Synthetic Control Method (SCM), we construct a synthetic Hungary to match pretreatment outcomes closely. The findings of this thesis show that the policy has no positive effect on fertility rates and is inefficient in spending government resources. The study highlights the significance of governmental trust, emphasizing the importance of stable economic conditions and a family-friendly environment to effectively increase fertility rates.