• Bankers Welcome Tighter Mortgage Rules

    Bankers Welcome Tighter Mortgage Rules

    • 20 Jun 2018 7:29 AM

    The Hungarian Banking Association has welcomed plans by the National Bank of Hungary (NBH) to lower statutory debt-to-income ratios for mortgage borrowers who do not take out loans with rates fixed for period of at least ten years.

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  • Construction Sector Output Up 14% In April

    Construction Sector Output Up 14% In April

    • 18 Jun 2018 7:41 AM

    Output of Hungary’s construction sector climbed by an annual 14.2% in April, data released by the Central Statistical Office (KSH) on Friday show. Output of the building segment rose 7.0% and civil engineering output climbed 24.9%. For the period January-April, construction sector output was up 17.5% year-on-year.

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  • Budapest City Park Underground Garages On Way

    Budapest City Park Underground Garages On Way

    • 15 Jun 2018 9:51 AM

    The construction of underground garages near City Park has begun, CEO Benedek Gyorgyevics of project company Városliget told Inforádió on Thursday. “The goal is to shape as much green area as possible in the neighbourhood,” he added.

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  • 40% Live In 'Overcrowded Homes' In Hungary

    40% Live In 'Overcrowded Homes' In Hungary

    • 14 Jun 2018 9:17 AM

    An estimated 40.4% of Hungarians live in overcrowded homes, according to recent figures from Eurostat. This is the sixth largest percentage in the EU and around two and a half times the European average.

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  • Budapest Among Cheapest Cities To Relocate, Study Finds

    Budapest Among Cheapest Cities To Relocate, Study Finds

    • 14 Jun 2018 7:34 AM

    Living costs for new arrivals spending their first month in Budapest amount to EUR 742.85 on average, placing the Hungarian capital in 77th place among 80 cities in the world featured in a study by furnished apartment search engine Nestpick.

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  • Kőbánya Station Revamp Delayed

    Kőbánya Station Revamp Delayed

    • 12 Jun 2018 11:54 AM

    State railway company MÁV has announced a new tender for the renovation of Kőbánya-Kispest railway station in Budapest, it told HVG on June 8.

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