Budapest Fifth District Examining Property Deals
- 13 Jan 2015 8:00 AM
Steiner said he would like the open meeting to be broadcast by the district television station.
On the agenda will be the sale of a retail space at Károly körút 26 where the new owner made a profit of Ft 50 million in a year after buying the property from the district.
The district council sold two retail spaces at adjacent Károly körút 22-24 with total area of 1,500m2 for Ft 240 million, or Ft 159,000 per square metre, in the summer of 2011.
The council earlier defined the average price of retail spaces at Ft 380,000 per square metre while an appraisal estimated the per square meter value at Ft 254,000.
Source: Hungary Around the Clock
This news item is one of many published daily by HATC, a premier subscription news service which distributes English-language info about Hungary via email or fax. For a free trial of HATC follow this link and click on 'Free Trial Subscription'.
Photo for illustration purposes only
LATEST NEWS IN property