Properties for sale in Budapest from the city administration!

The capital city is offering sixty-one properties for sale. Budapest expects to generate a gross revenue of HUF 18 billion (EUR 47.8 million) from their sale.

Properties for sale in Budapest

Budapest’s deputy mayor told Népszava that they have no other choice than to sell these properties. They are “operating in survival mode” and therefore they have to use all means to maintain solvency.

The following properties are also being put up for sale by the Budapest Municipal Property Management Centre Zrt.: District II villas, a pump house, a rural social home, the former Kispest culture house and the Kőbánya shooting range.

Ambrus Kiss, Deputy Mayor for Economic Affairs, gave the following reasons for the sale to Népszava: These buildings in their present state only take money, while the Municipality of Budapest has long had no reserves.

According to them, the revenue should be used to run public services.

However, Zsolt Wintermantel, the leader of the Fidesz parliamentary group in the capital, sees it differently. He says it is unjust that public property is being sold off so that buses can fill up with petrol.

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Budapest drinking water network to be upgraded with EU support

The drinking water network of Budapest will be upgraded using HUF 20 billion (EUR 53 million) in financing from the European Union, the deputy mayor in charge of city operations said on Wednesday.

Kata Tüttő told a press conference at a Budapest Waterworks site in Budafok that the project will be the largest investment of recent decades in the city where old lead pipes were often still in use. Replacing such pipes is a “burning need”, and the project will enable the replacement of around 3,000 connections, she added.

The programme will also involve the revamp of sixty wells on the Szentendre island and Csepel island, while part of the existing network will be refurbished, she said.

Meanwhile, opposition LMP called for an immediate modernisation of Hungary’s public waterworks, saying that the network was in such a “terrible” condition that its modernisation cannot wait until 2026, as included in a bill before parliament.

LMP leader and head of the sustainable development committee, László Lóránt Keresztes, told a press conference that the deleterious condition of Hungary’s waterworks was one of the country’s gravest problems. He criticised the government for not having recognised the severity of the problem earlier, insisting that several thousands of billions of forints would be needed to complete the work.

“The cabinet is still giving priority to securing water supplies for foreign battery plants instead of providing decent quality drinking water to Hungarians,” he added.

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