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There is no district in Budapest where the average price per square meter of real estate is below HUF 300,000, according to an analysis by OTP Ingatlanpont, writes economic and political weekly HVG.
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Interest in flats cheaper than HUF 30 million has increased across the country, according to the latest analysis of Hungarian real estate website Ingatlan.com.
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A construction company with good political connections (Heinrich Passage Ingatlanfejlesztő Zrt.) managed to achieve that a 130 year old building in central Budapest partially lost its status as a protected monument.
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The output of Hungary’s construction sector fell by 3.4% year on year in March, the steepest decline in more than three years, as the government introduced movement restrictions because of the coronavirus pandemic, data released by the Central Statistical Office (KSH) show.
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Hungary’s construction sector declined and annual 3-5% in the year to date, according to data compiled by industry association EVOSZ, well under the 15-20% decline for construction companies across the European Union estimated by the European Construction Industry Federation (FIEC), EVOSZ said.
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As a result of the extended home office working, which has become more widespread in the recent period, a new kind of demand has appeared at Lake Balaton and in other rural locations, according to Magyar Nemzet.
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