Massive Property Purchases By Foreigners in Rakosrendezo Area Of Budapest Should Be Avoided, Argues Opposition Jobbik

  • 3 Feb 2025 11:35 AM
Massive Property Purchases By Foreigners in Rakosrendezo Area Of Budapest Should Be Avoided, Argues Opposition Jobbik
The opposition Jobbik party has proposed that "at least 10,000" publicly owned rental units should be built on the site of the contested Rákosrendező project, rather than "luxury housing estates", Daniel Z Karpat, the party's deputy leader said on Friday.

Visiting the planned project site, Z Karpat raised concern that "billionaire investors could build affordable units ... that could serve as paradise for guest workers."

Jobbik has been fighting to help Hungarian youth and families to affordable homes and "bring down exorbitant rents in Budapest to a tolerable level," he said, adding that Rakosrendezo should see new units "which Hungarians could rent at 50 percent of market price".

The whole project should be implemented by Hungarian contractors and workers using mostly Hungarian materials, while massive property purchases by foreigners in the area should be avoided, he said.

Source: 
MTI - The Hungarian News Agency, founded in 1881.

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