Property Market News from Budapest
Read our latest articles about recent regulations, market trends and real estate prices 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...
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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...
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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...
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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...
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Wizz Air, one of Europe's largest airlines, is setting up a new training and education centre near Budapest, at Liszt Ferenc International Airport. When implemented, it will be the largest aviation related training centre in the region and the most up-to-date in Central and Eastern Europe. The project will be completed by the end of 2018. “By the end of 2018, we will have an international team of over 1000 pilots and 2000 cabin crew to be trained on a recurring basis. These numbers could triple...
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The Tungsram brand, which has over 120 years of history, becomes a Hungarian brand again! In February this year, the current owner, GE Lighting, announced the selling of its European business, and a new owner will take over the entire Hungarian unit. This new owner is Jörg Bauer, CEO of Tungsram Group. The company, which has been operating since 1896, deals not only with manufacturing but also with laboratory research. Tungsram is the world's largest distributor of incandescent lamps, radio...
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