Property Market News from Budapest
Read our latest articles about recent regulations, market trends and real estate prices in Hungary.
According to experts it is much more profitable to rent your estate legally for a number of reasons – and not just because you won't have to worry about paying heavy penalties. Signing a contract provides security for both the landlord and the tenant. If you have a valid contract, a great number of disputes can be settled quickly. If you don't have a signed contract, settling these can take a very long time – but if you do, you can even avoid conflicts before they arise. Leasing contracts...
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Not a week can pass without some news about the rise of the property market. More and more apartments are bought, it got easier to sell, and prices also increased. The survey of IMF Global Housing Watch displayed the numbers of the property market using 5 graphs; which show some interesting data about the Hungarian market as well. House Price Index The current house price index is far from the pre-crisis level. Apartments today are 48.6 percent more expensive than 15 years ago. Price Index has been...
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How can you make sure that your property will attract attention? There is high competition in the online property market. People searching for flats browse long lists of property ads. Many owners think that pictures taken by a Smartphone are just good enough to advertise their properties.However, a property advertised with images were taken by a professional photographer do rent much faster. See below what a property looks like on a photo taken with a Smartphone, and on a picture taken by a professional.
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Europe’s largest safety belt factory is to be built in Hungary, in Sopronkövesd. Swedish manufacturer Autoliv is building its new factory here, where 700 employees will work in the future. A new, 15-thousand square-meter plant will be erected next to the current, 19-thousand square-meter one. The Company Increases the Rate of Its Hungarian Suppliers The construction is expected to be finished by 2018. The project costs HUF 11 billion; the Hungarian government provides a HUF 1.5-billion...
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Several changes are expected in Budapest in 2015: besides others, parks, university buildings, public squares and sports facilities will be reconstructed and new ones built. Some of the projects will be finished this year, and others during the next few years. Nyugati tér The square facing the Nyugati Railway Station gets new green areas, and keeps its function as a meeting spot. The out-of-use stairs will be knocked down. The area called “Nyugati Grund” will also be reconstructed:...
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The closeness of the river Danube can make nearby apartments cost more. The reasons for this include the beautiful view, the permanent air movement, the favorable traffic opportunities and the closeness of the city center. The Effect Is Shown in the Northern Side and in the City Center At the river banks apartments cost HUF 50 thousand more per square meter; but getting away from the river this effect quickly decreases. But thanks to the reconstruction projects neat the Danube nearby...
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