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New commercial accommodations opening in Budapest’s Sixth District including Airbnb units, will have to pay a one-off fee of Ft 2.8-5.6 million from January 1, the district council decided on Thursday.
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The average price of prefabricated concrete building homes in Budapest went up by 5% over the last six months, a slowdown from the 10% rise in the first half of the year, according to estimates by property agency Ingatlan.com.
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US-Hungarian investment management and property developer the Indotek Group has acquired five-star luxury hotel Sofitel for €100 million, HVG reports.
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Telekom Headquarters, developed by Wing, was awarded the “Best Office Building” title at the prestigious 21st Hungarian Property Development Awards of Excellence competition, according to a press release.
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Hungary’s property market is on track for a strong year in 2019, despite weaker growth in the spring and summer months, according to the monthly barometer of real estate brokerage Duna House.
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According to the latest MNB house price index data, at 22.5 per cent in annual terms, hose prices grew slightly more slowly in Budapest in the period between 2018 Q2 and 2019 Q2 than the annual growth rates recorded in previous quarters.
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