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The Budapest municipal council will conduct on online survey on plans for a major property development project in the capital’s Rákosrendező area in the 14th district, the city’s mayor, Gergely Karácsony, told a press conference.
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Home sales were up 72% year-on-year to 10,754 in February, the highest figure in 20 months, real estate broker Duna House estimates.
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Some 1,500 people who purchased condominium units in the largest real estate development project in Budapest have been unable to move in due to a dispute between the developer, the D&B real estate group, and construction company KÉSZ Építő.
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The number of homes completed in 2024 could approach 15,000, construction industry association ÉVOSZ said.
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Offers on the residential real estate market for sale increased in monthly and annual comparisons in February, while demand also increased significantly, ingatlan.com reported on Friday based on its own data.
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There were 10,754, homes sold in February, a 72% rise from a year earlier, when the housing market was in an abyss, according to an estimate by property agency Duna House released.
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