Property Market News from Budapest
Read our latest articles about recent regulations, market trends and real estate prices in Hungary.
Airbnb services have been further tightened - this time in Budapest. Many people believe that new regulation changes are clearly measures to make Airbnb operations more difficult. The allegations have their basis. The whole affair started from the case that a constituency representative of Budapest (District 6) Lajos Oláh wanted to know if the government plans to modify the law on condominiums? He was only interested in having Airbnb service providers in condominiums mandated to provide...
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1. Evita (1996) Budapest transforms Buenos Aires into several scenes in the 1996 film. Keleti Railway Station, Szabadság Square, Andrássy Street - all of them are found in the superproduction. The leading role of Eva Peron is played by Madonna, supported by the play of Antonio Banderas. The composer is Andrew Lloyd Webber. Picture: "Don’t cry for me, Argentina", Madonna in Evita (1996) 2. Sunshine (1999) István Szabó's film won three European awards: for best male...
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How to Keep the Rental Value of Your Budapest Property? Stay competitive on the changed market. Let’s see our latest case study. The rental market changed: tenants can choose from nicely renovated apartments with quality furniture. After few years of tenancy it might be necessary to invest into any investment property just to preserve the highest quality and rental value. This modern, duplex, more than 100 sqm, air conditioned apartment is located in the heart of Budapest, in district 5. It...
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In addition to its existing plant in Hungary, a new factory will be available in the near future for the Belgian-owned Samsonite company. In Europe, there are three Samsonite plants: one in Belgium and now two in Hungary. The current development will have a beneficial effect on both the Hungarian and European economies. The Belgian Samsonite N.V. purchased the Szekszárdi site of the Budapest-based Palace of Leather Goods Company in 1989. Now, next to the present factory in Szekszárd,...
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Budapest's popularity in housing construction and home purchase remains unbroken. Although the price per square meter rises, the market has not yet reached its limits, so it is still expected that further developments and investments will take place. Based on the most recent analysis of ingatlan.com, real estate purchase is the cheapest in Hungary, compared to the housing market of the other countries in the region. In the first quarter of 2017, the square meter price in Budapest was 361 thousand...
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Budapest has gained a prominent place in the extensive research conducted by the European Commission, called the "Creative and Cultural Cities Monitor" study. Budapest has been ranked among the top five in several categories, which has again demonstrated a favorable environment for innovation, relaxation, creation and chill out. The objective of the Cultural and Creative Cities Monitor is to help national, regional and municipal decision-makers identify local strengths and opportunities, and help...
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