Property Market News from Budapest
Read our latest articles about recent regulations, market trends and real estate prices in Hungary.
Two of the world’s most famous hotel groups purchase properties for hotel development in Budapest. W Hotel to be Launched in Hungary with W Budapest W Hotels Worldwide has announced plans to introduce the brand to Hungary's hotel scene with their first property in Budapest. W Budapest, expected to open in 2020, will be located directly across from the State Opera House, on Andrassy Avenue, often referred to as Budapest's Champs-Elysees. W Budapest is set to be housed in...
More
”Sqm price can reach HUF 1 million in the most expensive districts of Budapest, however, there are also districts where we can buy a property at HUF 300,000 HUF per sqm.” – reported porfolio.hu. There were two significant influences on the housing market in 2016: price growth and the restart of the new constructions. Several constructors started new projects in the capital and numerous apartments were sold right away from the architects’ desk for prices this high that...
More
With the largest coral reef ecosystem in the world, the Great Barrier Reef is one of seven natural wonders of the world and a UNESCO World Heritage Site. It's also the world's top travel destination, according to U.S. News & World Report's 2016-17 best destination rankings. "It's a once in a lifetime vacation, and it's been in the news recently because of coral bleaching," said Erin Shields, travel editor for U.S. News, in a statement. "Travelers need to see it soon because there might not be...
More
CIB Group is currently selling a 29-piece bundle mostly consisting of residential properties. The bank group has decided on the bundle sale based on the increased demand on the market, and is planning on making similar offers in the future as well. CIB Group has commissioned Otthon Centrum Solutions Ltd. with the selling of a 29-piece bundle mostly consisting of residential properties, with an approximate average price per m2 of 94 000 HUF. The portfolio exclusively contains estates that are...
More
Otthon Centrum (Home Centre) estimates the total number of sales on the Hungarian real estate market up to 135 000 in 2015, while the company predicts a sum of 150 – 155 000 for the current year, as the newly installed family support benefit program (CSOK) not only will have a major effect on newly constructed housing, but due to the recent modifications, it will also make a mark on the market of pre-owned properties. This also makes developers unable to keep up with the increased...
More
Buyers from outside the country also contribute to the increased activity on the Hungarian housing market: according to ingatlan.com’s statistics, in the first 3 months of 2016, the number of enquirers coming from outside the border has risen by a monthly average of 42%, reaching 121 000. Inquiries and offers usually originate from London and Vienna, but there’s also a serious number of Russian potential buyers. The Hungarian real estate market has been on the rise partly due to...
More
