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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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Home sales in Hungary came to 10,354 in December, up 2% from the same month a year earlier but falling 9% from November, real estate broker Duna House said yesterday, according to telex.hu.
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The government will contribute Ft 841.5 million to help establish a campus in Hungary for China’s Fudan University, the university’s first campus outside of China.
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The MNB’s Pallas Athene Domus Meriti Foundation has received the green light for the purchase of the state-owned Burg Hotel located in the Castle District, according to a government decree dated December 29.
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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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