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The novel coronavirus epidemic hit a housing market that had already slowed down, said Tamás Nagy, head of department at the National Bank of Hungary (MNB), writes penzcentrum.hu.
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The state secretary of the Prime Minister’s Office for Budapest warns that, "Any delay would significantly increase the costs of the project and the time period of lockdown", and he welcomed Wednesday’s consultations with the city’s leadership on the renovation of the city’s landmark Chain Bridge.
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Two LMP politicians have asked US actor Bruce Willis - the global face of the Hell Energy Group in a recent advertising campaign - to speak out against what they say will be an environmentally damaging hotel project planned by an affiliated company.
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Budapest’s Citadel, built as a military fortress on the highest point of the city centre, will undergo a three-year reconstruction, the project’s commissioner said.
More >>Home sales in May reached 8,200, down by 38% from one year earlier but up by 35% from the previous month, property agency Duna House estimates.
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The government has approved a plan to build affordable housing in Budapest’s abandoned industrial sites, Prime Minister’s Office state secretary for the development of Budapest Balázs Fürjes announced yesterday.
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