• Revetas Buys TriGranit From TPG Real Estate

    Revetas Buys TriGranit From TPG Real Estate

    • 24 Jun 2018 10:50 AM

    Revetas, a property investment firm specializing in the Central European region, has acquired Budapest-based integrated real estate concern TriGranit from TPG Real Estate, the real estate platform of global private investment firm TPG, according to an announcement by TriGranit on Monday.

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  • Gov’t To Allow Skyscrapers In Budapest

    Gov’t To Allow Skyscrapers In Budapest

    • 21 Jun 2018 9:38 AM

    The government will increase the maximum height permitted for buildings in Budapest from the present 65 metres to 90 metres, according to a motion filed by Prime Minister’s Office state secretary Bence Tuzson in Parliament on Monday, Népszava noticed.

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  • Budapest Set To Reacquire Rác Baths This Summer

    Budapest Set To Reacquire Rác Baths This Summer

    • 20 Jun 2018 7:54 AM

    The municipal council of Budapest is set to take ownership of the Rác baths in the summer, paving the way for its reopening within the following six months, the head of the capital’s baths operator said in an interview.

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  • 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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