'Exploiting Hidden Reserves': New Budapest City Agency Launched to Ease Housing Shortage
- 21 Mar 2024 5:05 AM
Budapest Mayor Gergely Karácsony announced the establishment of a city agency to match renters with home owners at a press conference.
Budapest Mayor Gergely Karácsony announced the establishment of a city agency to match renters with home owners at a press conference.
Home sales were up 72% year-on-year to 10,754 in February, the highest figure in 20 months, real estate broker Duna House estimates.
Some 1,500 people who purchased condominium units in the largest real estate development project in Budapest have been unable to move in due to a dispute between the developer, the D&B real estate group, and construction company KÉSZ Építő.
The number of homes completed in 2024 could approach 15,000, construction industry association ÉVOSZ said.