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A surge of foreign investors may emerge in the Hungarian real estate market due to a new regulation, according to an analysis conducted by ingatlan.com.
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The prices of prefabricated apartments in the capital decreased by an average of 3% per sqm in 2023, after the 32% increase experienced in 2022, according to data from Duna House, writes profitline.hu.
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Based on the primary demand and supply indicators, the capital's new housing market shrank by half last year, according to OTP Jelzálogbank's latest Budapest New Home Value Map, writes profitline.hu.
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Applications for the Solar Energy Plus Programme, which provides state subsidies for households installing solar panels and compulsory electricity storage facilities, were accepted from 10 a.m. Monday.
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OTP will renovate the historic building at Nádor utca 21 in the Fifth District in Budapest, its former headquarters, the bank announced.
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Both Richter and OTP told ATV that they would be willing to participate in a proposed government scheme to improve the condition of state-owned castles and mansions by entrusting such buildings to the care of large companies.
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