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Budapest’s Fifth District has put 19 properties up for sale, mostly offices and commercial spaces in central locations, according to corruption watchdog group K-Monitor.
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Home rental rates in Hungary rose 7.3pc year-on-year in June, data compiled by the Central Statistics Office (KSH) from listings site Ingatlan.com show.
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The former Hotel Budapest, a cylindrical high-rise in the leafy Buda part of the capital, will soon be demolished and rebuilt as a residential building, Market Asset Management said.
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Take-up on the Budapest office property market reached 119,975sqm in the second quarter quarter, falling 16pc from the same period a year earlier, a report released by the Budapest Research Forum (BRF) shows.
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The government has approved a 3pc home purchase credit programme for first-time buyers, Prime Minister Viktor Orban said during a break at a cabinet meeting.
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Home owners filed claims with their insurers to cover over HUF 7.5bn of damages caused by severe storms early in the week, the Association of Hungarian Insurance Companies (MABISZ) said.
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