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The government has earmarked nearly Ft 20 billion in subsidies for the construction of 25-30 residential buildings for workers in the next three years, the Economy Ministry announced.
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Billionaire György Gattyán is offering his two luxury properties in Szemlőhegy in the Second District in Budapest for sale, HVG learned.
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The government will extend the low VAT on new home sales for another two years, Finance Minister Mihály Varga announced on Facebook.
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Parliament on Tuesday adopted the law on the economic cooperation agreement between Hungary and the United Arab Emirates with 134 votes in favour, 43 against and 6 abstentions.
More >>About 25,000 new apartments are being built in Budapest, according to a March housing market survey from Otthon Centrum.
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According to the Central Statistical Office (KSH) and the ingatlan.com rent index, rent prices were 11.7 percent higher in the country and 12.4 percent higher in the capital in March compared to a year earlier.
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