New housing model proposed to address Budapest’s growing housing crisis

Dávid Vitézy’s Podmaniczky Movement is proposing the introduction of a housing construction model programme to the Budapest Assembly, and calling for scrapping the sale of a student hostel in Budapest’s District 11.

Budapest is facing a housing crisis “now recognised by both the government and the opposition”, Vitézy said on Facebook on Thursday, and called for “all suitable properties, whether a municipally owned construction site of building, to be utilised as homes or student hostels.”

Vitézy also called for a rental housing programme in which incentives would be provided to property developers to construct affordable rental units. In the proposed model developers would be granted construction rights while the city could retain the right to select would-be tenants and offer housing subsidies to eligible tenants, he added.

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