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29th September, 2026

7th District building homes for young people



Budapest’s Seventh District is funding the construction of an 80-unit apartment building on Verseny utca with Épkar winning the nearly Ft 3.8 billion general contractor position.

The project is aimed primarily at young people and is expected to support the regeneration of the area around Keleti train station.

Designed by ZIP Architects, the 7,500m2 complex will comprise a basement, ground floor and six upper floors.

The development marks a shift in local housing policy away from the privatisation and renovation of existing homes towards expanding social rental housing and supporting young people starting their careers.

A parallel EU-funded pilot project in the district on Csányi utca has a similar focus.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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