Property Market News from Budapest

Read our latest articles about recent regulations, market trends and real estate prices in Hungary.

Luxury is Still Affordable in BudapestApril 5th, 2019

Luxury is Still Affordable in Budapest
Knight Frank Real Estate Market Advisor has made a list of the cost of luxury properties in some cities around the world. The survey examined how many square meters can be purchased for one million dollars (approximately 890 thousand euro) in this category. The highest prices are in Monaco, here you can buy a 16-square-meter studio apartment for this money, and a square meter’s worth is 55 thousand euro. This number is 22 square meters in Hong Kong, 177 in Cape Town and 200 square meters in...


Economist's Ranking: Cost of Living in Budapest is Still Quite CheapMarch 25th, 2019

Economist's Ranking: Cost of Living in Budapest is Still Quite Cheap
With regard to price levels, Paris, Hong Kong and Singapore are the most expensive cities based on the fresh rank of The Economist Intelligence Unit. For the first time in decades, three cities make up the leading edge. Life in Budapest has become somewhat cheaper than last year's prices. In the most expensive cities, life is 7 percent more expensive than in New York. Of the ten most expensive cities, Singapore has managed to preserve its position from last year, and Los Angeles and New...


Tesla Will Open its First Salon in HungaryFebruary 26th, 2019

Tesla Will Open its First Salon in Hungary
Tesla invites everyone for a test drive, as they will soon hand over their first sales point at the Pest ending of Petőfi Bridge in Budapest. From spring 2019, anyone can get acquainted with the Tesla models in Hungary, as Universal Leasing Kft. opens a transfer and sales point in Budapest near Petőfi Bridge’s Pest ending. If you have a Model 3 order number, you can apply for a test drive. Model 3, the smallest and cheapest model so far, will be officially launched in March in Europe, around...


Moving to Budapest? Buy the Latest Bentley ThereDecember 18th, 2018

Moving to Budapest? Buy the Latest Bentley There
The first Bentley exhibition hall opened in Budapest. This is also a significant event in the region, as the Hungarian exhibition hall will be the closest to several countries.  The new retailer in the heart of Europe: Bentley Budapest Hungary's first Bentley showroom was built The exclusive opening event presented the new Bentley Continental GT Convertible model Porsche Inter Auto Hungaria Ltd. has initiated the trade in Bentley models in Hungary as well as the investment, the company celebrates...


Forbes: Budapest Christmas Markets in the Top 5 in EuropeNovember 27th, 2018

Forbes: Budapest Christmas Markets in the Top 5 in Europe
The most effective way to get into the holiday spirit is by visiting a Christmas market. Forbes has collected some of the best places in Europe where the spirit of Christmas can captivate visitors and they can enjoy various programs with hot wine and jolly music. In Europe, the tradition of Christmas fairs goes back hundreds of years. Most capitals, big cities, and villages have their own festive customs that they show year after year through decorations, programs and food specialties. Based on...


BMW Could Be Coming to Hungary As WellJune 18th, 2018

BMW Could Be Coming to Hungary As Well
Rumor has lately heated up the allegations, that a new government decree on the construction of a new industrial site covers the next BMW project, in Hungary. The area at the edge of Hernádnémet city would be ideal for creating a new car factory. There are currently three car factories in Hungary: Audi in Győr, Mercedes Benz in Kecskemét and Suzuki in Esztergom. In addition, many parts factories and suppliers operate in the country. The BMW, which has previously acknowledged...