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The government only wants to tighten short-term home rents in Budapest, the Economy Ministry said on Monday after 26 tourism associations signed a letter arguing for a compromise between a complete ban and the current regulation for Airbnb-type of rents.
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If the government is serious about supporting housing projects in Budapest, it should support the construction of "Park City", a project including affordable housing in the city's 14th district, rather than earmarking the area for the "mini Dubai" office and apartment complex, which will drive prices up further and deepen the housing crisis, Mayor Gergely Karacsony said on Wednesday.
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Home sales in Hungary could reach 130,000 this year, climbing from around 100,000 in 2023, David Valko, the chief analyst for OTP Ingatlanpont, the real estate broker of OTP Bank said.
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From the Prime Minister's recent statements it appears that the government understands that the housing situation, mainly affecting Budapest, "is unsustainable", Gergely Karácsony, the mayor of Budapest said.
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Home prices in Hungary rose 6.7pc year-on-year in September, listings site ingatlan.com said.
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MBH Jelzálogbank has ranked Budapest, Debrecen, and Pannonhalma as the top three places to live in Hungary in the bank’s latest liveability index.
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