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Budapest’s House of Music, designed by Japanese architect Suo Fujimoto, has been awarded the Architectural Design of the Year award in America’s prestigious Architecture MasterPrize competition.
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The government has decided to expand its household utility price caps to state and local council-owned rental apartment buildings, the government commissioner in charge of the scheme announced.
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Both supply and demand in Hungary’s housing market is showing “significant” signs of tightening, the National Bank of Hungary (NBH) said in a biannual report.
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Home sales in Hungary fell 9% on a monthly basis and by 28% year-on-year to 8,859 in October, the lowest level this year, real estate broker Duna House said in a monthly estimate.
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The renovation of the interior of Hungary’s Parliament has been postponed due to budgetary constraints.
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The number of home sales was 8,326 in October, down by 28% a year earlier and a weak figure compared to earlier Octobers as well, property agency Duna House said as it released estimates.
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