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Estimates by real estate broker Duna House show the strongest May real estate market activity in years, with a 5% increase in sales compared to 2019 and a nearly 70% increase compared to last year's low point caused by the first wave of COVID. More >>
Parliament passed legislation allowing residents who have been renting apartments for at least five years in historical monument buildings located in World Heritage Sites to buy their rental property.
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The output of Hungary’s construction sector fell by an annual 7.2% in April, after growing by 4.3% in the previous month, the Central Statistical Office (KSH) said on Tuesday.
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State tourism agency MTÜ is renewing the Bálna (“Whale”) exhibition centre in the Ninth District in Budapest for a net Ft 2.6 billion, according to the EU public procurement website.
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A state hotel construction project at Lake Fertő on the Austrian border may damage the integrity of the World Heritage Site, and its classification as of Outstanding Universal Value may be lost, UNESCO has warned.
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Budapest metropolitan council’s spas company has made a successful bid to repurchase properties housing the city’s historic Rác Baths, the council said.
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Only tenants who have been living for at least five years in flats owned by the local council will be eligible to buy the property for as little as 15% of market value, Fidesz MP László Böröcz told RTL Híradó last week.
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