Property Market News from Budapest
Read our latest articles about recent regulations, market trends and real estate prices in Hungary.
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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They began the construction of the BudaPart near Kopaszi dam in mid-June. The project begins with the construction of 265 apartments in two blocks, and 20 thousand square meters of office space. According to the plans, in a few years the project will complete a new part of the city that will cater for 6 thousand people as a living space, and 25 thousand as a work place. The developer, Property Market Kft., begins the construction of two housing blocks, and an office building simultaneously,...
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