Property Market News from Budapest
Read our latest articles about recent regulations, market trends and real estate prices in Hungary.
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,...
More
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...
More
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...
More
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,...
More
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
