Property Market News from Budapest
Read our latest articles about recent regulations, market trends and real estate prices in Hungary.
A new development, a Battery Parts Factory has recently been completed next to Budapest, in Monor by the South Korean Shinheung Sec Ltd. The investment was also supported by the Hungarian government. The production has started in the new facility, which was developed at a total cost of around 20 million euros. With this, the European headquarters of the largest automotive parts manufacturer in the world of electric cars became the Monor facility. At the handover ceremony, Kim Girin, the owner of...
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There are several situations that a flat owner does not want to face. As a result, more and more people rather hire professional managers to rent their apartments. We asked Dávid Kirschner, property manager at Tower International property management company in Budapest, about his professional challenges. What was the hardest story you met? There have been many, and unfortunately there are difficult stories time after time. Sadly, this is not a unique case, but for example, a bona fide...
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By 2020 Coca-Cola's Hungarian representation plans to build Central Europe's largest production headquarter. The company recently purchased a 13-acre property as a major development. According to plans Coca-Cola Hungary will expand its capacity to provide for domestic and export markets. "We believe in our strategy of consumerism, we trust the success of our products, and we are pushing our growth program. In 2017, therefore, we invested more than ever, 6 billion forints for investments, and this...
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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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