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The number of home building permits issued in Hungary fell by an annual 38.6% to 10,880 in the first half, data released by the Central Statistical Office (KSH) on Monday show.
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Research from CIA Landlords Insurance looked into the average cost of groceries and Airbnbs in OECD capital cities, and determined Budapest as one of the most cost-effective countries to vacation in.
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Take-up on the industrial property market in and around Budapest reached 124,770sqm in the second quarter, rising 10% from the same period a year earlier, the Budapest Property Consultants Coordination Forum (BIEF) has said.
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The rise in second-hand housing prices in the capital has stopped in all segments this year, with home prices actually decreasing in some districts of Budapest, according to research by Otthon Centrum.
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The International Investment bank (IIB) has moved its staff from Budapest to Moscow but does not intend to sell its former headquarters building the Lánchíd Palace, the bank told Menedzsment Fórum.
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The European Commission announced on Friday that a decision had been made to refer Hungary to the Court of Justice of the European Union (CJEU) regarding rules introducing fixed prices for building materials, hefty penalty payments for non-respect of these fixed prices, and production obligations for building materials and raw materials for the construction sector.
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