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Home prices in Hungary rose 7% year-on-year in the third quarter of 2018, a rate well over the 4.3% average for the European Union as a whole, according to a quarterly release of data from Eurostat, the statistical agency of the European Commission.
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The modern office space market in Budapest expanded by 44,000 sqm in Q4 2018 to 3,628,105 sqm by the end of the year, the Budapest Property Consultants Coordination Forum (BIEF) said.
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Property developer Wing has announced the development of a new residential project, dubbed Metropolitan Garden, offering smart solutions in Budapestʼs District 13 under its "Living" umbrella brand specializing in residential properties.
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Budapest shows the highest 12-month residential property price growth in Europe, while ranking behind only Xiʼan (China) and Ahmedabad (India) among 150 cities on the world stage, according to property services company Knight Frankʼs report entitled "Global Residential Cities Index - Q3 2018."
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Several construction projects will be completed with new ones getting under way in City Park under the Liget Budapest Project next year, the director-general of the project company told MTI.
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Real estate digital and print news provider Construction & Investment Journal (CIJ) granted the “Best Overall Developer” title to real estate developer Wing Zrt. at its 10th Budapest awards evening on December 12, according to a press release.
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