Mayor Promises To Prevent Sell-Off Of Budapest Council Flats At 'Fraction Of Real Value'

  • 14 May 2021 8:04 AM
  • Hungary Matters
Mayor Promises To Prevent Sell-Off Of Budapest Council Flats At 'Fraction Of Real Value'
Budapest Mayor Gergely Karácsony vowed on Thursday to team up with opposition district mayors to prevent a sell-off of council flats “at the fraction of their real value”.

Karácsony said on Facebook that a bill submitted to parliament by the ruling parties on Wednesday would enable current tenants of council properties to buy them at a fraction of their real value.

He said the advantage that the amendment would give to a few thousand tenants was acceptable, but “the real winners would be tricksters, Fidesz cronies and the flat mafia.”

“At the same time, the entire country would lose out; people who were not lucky enough to get council-owned property and who had to use half of their life’s income to be able to buy proper abode,” Karácsony said.

Karácsony also warned of investors buying council-owned flats via deals with old-age pensioners occupying them.

“And, in the end, the council won’t be able to help because there won’t be any council-owned flats left,” he added.

“Together with opposition mayors we will take all legally available measures to prevent this,” Karácsony said. “If needs be, we’ll even go the Constitutional Court.”

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