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Output of Hungary’s construction sector climbed by an annual 26.3% in May, data released by the Central Statistical Office (KSH) show. Output of the buildings segment was up 27.0%, lifted by construction of factories and warehouses, KSH said.
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Hungary is experiencing the most drastic rise in real estate prices in the whole of the EU, according to Eurostat data.
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Lokcheck is an award-winning Hungarian startup striving to make the construction industry more efficient through the power of digitalization and smart solutions.
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The largest hotel group in Hungary, Danubius Hotels Group, has sold the Hotel Gellért to property developer Indotek Group, which plans to restore the Budapest landmark to its former glory, the two parties have announced, as reported by business news site uzletem.hu.
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House prices, including purchases of both new and existing houses and flats, grew by 9.7% in 2018 in Hungary, above the 4.4% average price increase in the European Union, Eurostat data shows.
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Towns around Lake Balaton have real estate prices similar to those in Budapest, with Balatonfüred being the most expensive, according to research by estate agency Duna House.
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