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Budapest’s new National Conservation and Storage Centre (OMRRK) has fetched the International Property Awards 2020-21 gong for Best Public Service Development, the chief executive of the company in charge of the city’s large-scale Liget project said.
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AEW investment fund will start the renovation of the prestigious Krausz Palace at Andrássy út 12 in the summer, after obtaining heritage protection permits.
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Real estate market insiders do not expect prices to climb further on the housing market as a result of the government’s massive subsidy program for home purchases and renovations.
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This first permanent crossing between Buda and Pest has long needed repairing. Now it will finally start from late February, with the final handover expected in the autumn of 2023.
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There has been a shortage of plots on the real estate market, and the constantly shrinking supply has had a serious effect on prices, says economic daily Világgazdaság.
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A huge and “ugly” five-storey hotel will be erected at the corner of Király and Kazinczy streets in Budapest’s Seventh District after the site of the former pub of world champion canoer Tamás Wichmann, nearby historic buildings on Király utca and a playground are demolished, city history blog Falanszter learned.
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