In June, the Capital Housing Agency can start with 50-100 apartments

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“We will be able to start with fifty to a hundred such apartments in June,” Mayor Gergely Karácsony told Hvg.hu about his previous promise, the Capital Housing Agency. Budapest currently has 1,000-1,200 rental apartments, compared to which the new program will represent an immediate, ten percent jump, the interview reads.

“We take over apartments that can actually be rented quickly with little renovation costs,” said the mayor. Regarding the Airbnb situation, he said that he thinks the city center will “become a ghost town” after the government handed it over to the district.

According to him, the current regulation should be improved because “Airbnb and apartment rentals are raising prices, and there is another phenomenon, that they are starting to push residents out of condominiums.”

In March, Gergely Karácsony announced that the Capital City Municipality would launch a housing agency, and then we wrote in detail about the fact that professional organizations have been chanting for years that more flats should be built in Hungarian cities and a rental housing policy supported by resources. The aim of the Capital Housing Agency is to provide affordable housing to those who cannot afford subletting on the market, including the apartments of private individuals. We wrote about the housing agency in detail here.

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