• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
Budapest council to sell three castles and 69 other real estates?Budapest council to sell three castles and 69 other real estates?Budapest council to sell three castles and 69 other real estates?Budapest council to sell three castles and 69 other real estates?
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Support us
John Woods John Woods · 21/03/2021
· Business

Budapest council to sell three castles and 69 other real estates?

Budapest Hungary investment money
budapest buildings

Photo: www.facebook.com/Rizsavi Tamás

Based on pro-government media reports, Gergely Karácsony, the lord mayor of Budapest, would like to sell three castles owned by the local government of the Hungarian capital. The castles of Tokod, Kéthely, and Szőlőskert, qualified as protected monuments, can be sold this year. The leadership of the city hopes that they will get HUF 8.2 billion (EUR 22.27 million) for the 72 real estates they would like to sell.

According to Metropol.hu, the Budapest Fővárosi Vagyonkezelő Központ Zrt. (BFVK Zrt.), a real estate management company in Budapest, would like to sell 43 buildings, among which there are three small castles and two school buildings. The total number of real estates they would like to sell is 72, from which they hope to get HUF 8.2 bn (EUR 22.27 mn).

Metropol.hu, a pro-government media outlet, says that the previous, Fidesz-leadership of Budapest wanted to find long-term (50-100 years) tenants for the castles, allowing them to renew the buildings and run them as hotels or conference centres. The paper says that the left-liberal leadership before the Fidesz era wanted to sell them as well. However, they could not find a buyer for years.

  • Here are the largest real estate developments in Budapest for 2021 – VIDEOS+PHOTOS
  • The growth of real estate prices slowed down in Budapest, rental prices to continue to fall
  • Budapest real estate: most people move to these districts

Members of the editorial staff of Ripost7, another pro-government media outlet, visited the three castles. All of them are in a deteriorating condition, and only one of them is guarded. 

The Hunyadi Castle in Kéthely (near Marcali, in Somogy County) does not look as bad in the photo of Google Street View (below). However, according to Ripost, nobody protects it, so everybody can get into its park through the holey walls. That is why the building is almost empty.

Castle Kéthely Budapest

The castle of Kéthely. Source: Google Street View

The task is not easy neither for a tenant nor for a new owner because all castles are protected monuments. Therefore, they have to prevent the building from becoming a ruin, and they can only renew them following the relevant regulations. Therefore, those who would like to buy them have to spend a considerable amount of money not only on the real estate, but also on maintenance.

Metropol.hu writes that the Hunyadi family built the castle of Kéthely originally in a Baroque style in 1760 but modified it many times until 1920. In 1951, the state renovated the building, and it functioned as a retirement home.

Land area: 116,583 m²

Castle area: 3,668 m²

The Sajnovics castle in Tordas (Fejér County) was erected in the 17th century, and even George VI visited it in the 1930s. After WWII, it was the training camp of the Hungarian Golden Team. It has been empty since 2006.

Land area: 33,702 m² forest and 20,443 m² castle garden.

Castle area: 2,517 m²

The Jankovich castle in Szőlősgyörök was built in 1752 in a Baroque style, and in 1853-1854, a Romantic-style part was attached to it. It has been empty for 15 years, and in its beautiful park, there is a 120 m² church.

Land area: 17 hectares of English park

Castle area: 1,263 m²

Church: 120 m²

Source: metropol.hu

Budapest Hungary investment money
Share
John Woods
John Woods

Related posts

China-investment-battery
13/08/2022

Chinese battery giant to invest 7.6 billion euro in Debrecen


Read more
Ryanair Hungary
13/08/2022

Ryanair’s latest announcement: they cut frequency on 7 Hungary routes!


Read more
Hungary economy recovery
13/08/2022

Hungary’s investment outlook degraded!


Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.


Latest news
  • Chinese battery giant to invest 7.6 billion euro in Debrecen
  • Lots of people protested against tree-felling in Budapest
  • Ryanair’s latest announcement: they cut frequency on 7 Hungary routes!
  • Hungary’s investment outlook degraded!
  • Ambulances on bicycles in Hungarian cities to be introduced
  • Brutal accident happened during Budapest’s Sziget Festival – PHOTO
  • Hundreds of petrol stations are to close next week in Hungary!
  • What happened today in Hungary? – August 12, 2022

About us

Contact us

© 2022 DailyNewsHungary. All rights reserved!