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The number of vacant commercial properties in Budapest increased in the second half of the year, with many permanent closures — mainly restaurants or entertainment venues — due to the pandemic, business daily Világgazdaság said.
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Output of Hungary’s construction sector plunged by an annual 16.2% in October, after declining by 14.7% in the previous month, the Central Statistical Office (KSH) said.
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The reconstruction of Párisi Udvar Hotel Budapest won the award for the best Hungarian Real Estate Development Project, also triumphing in the "Hotel" and "Heritage Protection" categories, according to a press release.
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Home sales reached 11,369 in November, a 4% increase from a year earlier, property agency Duna House estimated on Tuesday.
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The mayors of Budapest, Oslo, Los Angeles, and Mexico City have pledged to halve emissions from all construction activities in their cities by 2030, in collaboration with leading companies and innovative business communities, according to a press release sent to the Budapest Business Journal.
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The Hungarian cabinet has decided to spend Ft 20 billion on renovating the Citadella atop Buda’s Gellért Hill, according to a resolution published in Magyar Közlöny.
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