Within days, they will decide on major changes in the Budapest housing market

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Next Wednesday, the Capital Assembly will hold its first regular meeting, with the capital’s housing policy concept on its agenda. Up until now, they have planned to implement this with EU funds, but now they are also counting on government support.

Part of the concept is the housing agency system, the renovation and mobilization of vacant apartments in need of renovation on the housing market, as well as the conversion of former school buildings into municipal rental apartments. The program could not start, even though it was discussed with the European Commission and the government for several years, but until the government realized that there was a housing crisis, it did not even release these materials for public debate,” Ambrus Kiss said on InfoRádio.

The Director-General of the Office of the Mayor added that he considers it a good direction for the government to introduce restrictions on short-term housing rentals, but at the same time he sees that

a moratorium should also be introduced on the purchase of apartments in Budapest by people living in countries outside the European Economic Area until at least the end of 2026.

“As part of the package of proposals, a panel renovation program would also be launched, to which the capital and the districts would contribute a total of five billion forints. In addition to the deductible and loan, a renovation fund of more than ten billion forints could be created,” he added.

They will not elect a deputy mayor or deputies at the next capital assembly either, but the amendment of the Social Security Act will again be on the agenda. According to Ambrus Kiss, many suggestions have been received regarding the operation of the board, among which he singled out the one concerning Budapestinfo.

The mayor makes a proposal to the assembly to replace the expiring members of the board of directors and supervisory board of the capital companies, but the appointment of the company managers is not on the agenda for the time being, since they have concluded an indefinite contract with the latter, so they perform their duties legally.

The cover image is an illustration. Cover image source: Getty Images

This article does not constitute investment advice or investment recommendation. Detailed legal information

Source: www.portfolio.hu