Is Budapest ready to become a smart city?

02
May
2017
News - Is Budapest ready to become a smart city? #Budapest #HuGBC #Hungary #report #RICS #smart city

by Ákos Budai | Report

Smart buildings and smart infrastructure are essential parts of a liveable, sustainable, future-proof and truly smart city, something that population centres all over the world aspire to be. Things have started going in the right direction but the Hungarian capital still has a long way to go before it can establish itself as a smart city. The vision of Budapest as smart city, officially approved by the City Council, was presented at the latest Green Talk, organised by RICS and the Hungary Green Building Council (HuGBC).


In his welcome speech Noah M. Steinberg FRICS, Chairman of RICS in Hungary, said that cities develop when real estate professionals do their job with the right values in mind. He believes there have been a lot of positive developments in recent years but a holistic approach is needed if Budapest truly wants to become a smart city. 

“The Smart Budapest is a sustainable city from environmental, social and economic aspect. By making use of modern technology and taking increased social responsibility, the city proves to be a liveable place for city dwellers,”, Zsombor Barta MRICS, Board Member of the HuGBC tried to provide a holistic view for a smart and liveable city by presenting the Smart City Vision of Budapest. He emphasised that this vision is not yet a concept and it does not provide solutions for current problems, but it is rather a framework for a future concept. 

Topics & goals of the Smart Budapest Vision

Two long term urban development strategies (Budapest 2020 and Budapest 2030), previously published by Municipality of Budapest, already highlight some action areas, but the Smart City Vision of Budapest is the first document to provide a comprehensive vision for the smart future of the capital. The material was approved this January by the Budapest City Council, the Municipality accepts its vision, even though some of the principles are not reflected in their decision-making process, Barta admitted. 

Dr. László Ludvig, Head of the Mobility Division at Siemens Hungary also presented at the latest Green Talk event. Siemens’s Smart Hungary 2025 concept is based on key targets set by the Hungarian government to improve energy efficiency and reduce emissions. The concept is centred on digitalisation as it recommends the use of digital technologies in manufacturing, energy, transport and healthcare. It emphasises the importance of smart solutions in four fields: energy, transport, buildings and manufacturing.




Latest news


New leases

  • Yokogawa Romania has extended its lease agreement for another five years in Building F of YUNITY Park, a business campus owned by Genesis Property. The agreement marks the fourth consecutive renewal for the local subsidiary of the Japanese industrial automation and process control company. Originally signed in 2007, this latest extension brings the total duration of the corporate partnership to more than 20 years.
  • Vastint Romania has secured a new lease agreement with Arcadis Romania for 1,183 sqm of office space in Building A of the Business Garden Bucharest development.
  • Karimpol Polska has signed a major lease agreement with Volkswagen Financial Services at the Skyliner II complex at Rondo Daszyńskiego in Warsaw. The automotive financial services provider will occupy nearly 6,000 sqm of office and retail space in the project's second tower. Following the transaction, the occupancy rate of Skyliner II has reached 50%.

New appointments

  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.
  • Colliers has appointed Kata Mazsaroff, Tamás Beck, and Miklós Ecsődi as Equity Partners in Hungary, effective 30 April 2026. Mazsaroff, who joined in 2007, rises to Managing Partner after overseeing a 200 per cent revenue increase since her 2022 appointment as Managing Director. Beck, with Colliers since 1994, has led the Industrial & Logistics division since 2005, facilitating transactions covering 1.9 million sqm of built space and 9.8 million sqm of land. Ecsődi, Head of Occupier Services and Office Agency since joining in 2011, has secured over 450,000 sqm in leases valued above €600 million.
  • Aleksandra Walaszek and Tomasz Nowakowski have joined Cushman & Wakefield’s Retail Agency. Walaszek has more than 10 years of experience in the retail sector. Nowakowski is an expert with nearly 20 years of experience in strategic leasing and retail property transaction management.


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