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The government will increase the maximum height permitted for buildings in Budapest from the present 65 metres to 90 metres, according to a motion filed by Prime Minister’s Office state secretary Bence Tuzson in Parliament on Monday, Népszava noticed.
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The municipal council of Budapest is set to take ownership of the Rác baths in the summer, paving the way for its reopening within the following six months, the head of the capital’s baths operator said in an interview.
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The Hungarian Banking Association has welcomed plans by the National Bank of Hungary (NBH) to lower statutory debt-to-income ratios for mortgage borrowers who do not take out loans with rates fixed for period of at least ten years.
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Output of Hungary’s construction sector climbed by an annual 14.2% in April, data released by the Central Statistical Office (KSH) on Friday show. Output of the building segment rose 7.0% and civil engineering output climbed 24.9%. For the period January-April, construction sector output was up 17.5% year-on-year.
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The construction of underground garages near City Park has begun, CEO Benedek Gyorgyevics of project company Városliget told Inforádió on Thursday. “The goal is to shape as much green area as possible in the neighbourhood,” he added.
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An estimated 40.4% of Hungarians live in overcrowded homes, according to recent figures from Eurostat. This is the sixth largest percentage in the EU and around two and a half times the European average.
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