Hungary To Finally Start Lake Fertő Project
23 Sep 2020The government has earmarked Ft 9.1 billion for construction of the Lake Fertő sports and “wellness” centre in Fertőrákos in 2020-2021, according to the official gazette Magyar Közlöny. More >>
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Hungarian Construction Sector Output Down 21 Percent In July
- 16 Sep 2020 9:43 AM
Construction sector output in Hungary dropped by 21% in July after a contraction of 15.7% in the previous month, the Central Statistical Office (KSH) said. Month on month, output grew by 3.5%, based on seasonally and working day-adjusted data.
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Budapest Would Need 120,000 New Homes By 2030
- 15 Sep 2020 11:25 AM
According to a study commissioned by a Viennese real estate development company, Wiener Komfortwohnungen, there will be a demand for around 1.2 million new homes in nine major European cities by 2030, writes G7.hu.
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Video: Vodafone Hungary & UPC To Move HQ To Budapest ONE Office Park
- 15 Sep 2020 9:38 AM
As the next step in the integration of Vodafone Hungary and UPC, the two companies will move their headquarters to Budapest ONE office park, developed by Futureal, in the fall of 2022, according to a press release.
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Budapest District Mayor Demands Halt To Further Building In City Park
- 3 Sep 2020 7:58 AM
Csaba Horváth, the mayor of Budapest’s Zugló district, demanded that the central government stop any further construction projects in City Park and dismantle metal barriers erected two years ago around the sites in question.
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Retail Tenants Negotiate For Lower Rent In Hungary
- 1 Sep 2020 8:52 AM
During the epidemic, 98% of retail tenants initiated consultations with property owners on lower rents and in most cases they reached an agreement, according to a survey by consultant CBRE.
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Average Monthly Rent In Budapest Falls To HUF 156,000 In Q2
- 28 Aug 2020 7:18 AM
The average monthly rent in Budapest fell to 156,000 forints (EUR 437) at the end of the second quarter from 175,000 forints at the start of the year, a new joint research project of the Central Statistical Office (KSH) and realtor Ingatlan.com shows.
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