Ferkai András: Housing Estates - Our Budapest (Budapest, 2005)

After World War I

Groups of townhouses (Bécsi út and Németvölgyi út)

The miserable, almost unbearable, conditions of housing and unemployment obliged the conservative-led municipality to undertake the task of home-building. Budapest could still afford to finance the small-flat construction project it had approved in the autumn of 1925. The resulting developments included the cluster of houses built at the corner of Váci út and Mura utca in District XIII, another block in the area bordered by Váci út, Gyöngyösi út and Faludi utca in the same district, and yet a third one in a block between Budaörsi út and Schwei- del utca in District XI. The project could not, however, be continued without raising loans. In order to do that, the municipality started negotiations with several large banks in the autumn of 1926. The financial institutions involved pledged to finance the construction of small flats built by the city authorities in the next few years. The project yielded 2500 new flats in Budapest between 1927 and 1929. Many of these were constructed in estate-style clusters, such as the large block at 93-95 Bocskai út in District XI, the group of tenement houses bordered by Hunor, Veder and Raktár streets in District III, another one between Haller utca and Dandár utca, and yet a another arrangement of town houses at 88-92 in Bécsi út, again in District III.

■ Toumhouiei built by the CngUóh-Hungarian Bank

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