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28th May, 2020

Gov’t aims to transform city’s rust belt

The government has approved a plan to build affordable housing in Budapest’s abandoned industrial sites, Prime Minister’s Office state secretary for the development of Budapest Balázs Fürjes announced yesterday.

He said the aims are to encourage the construction of available, affordable houses in rust belts, create and save jobs in the construction industry and renovate run-down areas.

The cabinet recommends that Parliament create the new definition of “brownfield action zones,” and authorise the government to designate such areas in co-operation with municipalities.

Regulations on these areas should ensure faster and simpler permit and construction processes, Fürjes said.

In addition, the government will submit a bill fixing the VAT for new houses in those areas at 5% instead of the regular 27%.

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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