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For the period January-September, home sales increased by 2.88% to 118,360.
XpatLoop Media Partner
Real estate around the Rakosrendező train station in Budapest may only be sold to a buyer designated by the the United Arab Emirates, with the prior consent of the government, according to an intergovernmental economic cooperation agreement promulgated in 2024, the Hungarian National Asset Management Company (MNV) said.
The average price of homes in the suburbs around the capital rose 10pc to HUF 652,000/sqm in 2024, listed real estate broker Duna House said.
To fulfil the provisions of the international agreement between the government and the government of the United Arab Emirates, the areas around the Rakosrendezo train station in the capital that are not required for railway operations were sold on January 16, 2025, the National Economy Ministry said.
A protected building formerly owned by the state opposite the Market Hall on Fővám tér in Budapest is being converted into a 36-room hotel by Estoril Property, a company owned by the Tiborcz-based Central European Real Estate Fund, anti-corruption website Átlátszó reports.
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