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Budapest's property prices have fallen by 20 percent in certain parts of the city for those renting, both as a result of recent border closures and new rules restricting Airbnb rentals.
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A new government decree fixes the current building regulations in connection with the revamp of Budapest’s City Park.
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While 32% of young people would move out of their parentsʼ house as soon as possible, the majority, 58%, are planning to leave, but say it is currently not their highest priority, K&H Bank said in a statement on youth housing plans, according to Világgazdaság.
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The government has earmarked Ft 9.1 billion for construction of the Lake Fertő sports and “wellness” centre in Fertőrákos in 2020-2021, according to the official gazette Magyar Közlöny.
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Construction sector output in Hungary dropped by 21% in July after a contraction of 15.7% in the previous month, the Central Statistical Office (KSH) said. Month on month, output grew by 3.5%, based on seasonally and working day-adjusted data.
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According to a study commissioned by a Viennese real estate development company, Wiener Komfortwohnungen, there will be a demand for around 1.2 million new homes in nine major European cities by 2030, writes G7.hu.
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