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Construction of the campus of the new Sport University in Budapest’s 12th District will cost Ft 1.5 billion more, raising the total amount to Ft 19.5 billion, the university announced on the EU public procurement website.
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Hungary’s government has decided to extend a temporary freeze of mortgage loan interest rates until June 30, 2023, the minister of economic development announced on Monday.
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Housing prices were up 22.8% year-on-year in the second quarter, and rose by 5.2% from the previous quarter, the Central Statistics Office announced as it released its preliminary figures on Thursday.
More >>Hungary’s construction industry is set to expand by 4.5% this year before slowing in 2023 and 2024, Márton Nagy, the minister of economic development, told a conference organised by national construction industry association EVOSZ.
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Mounting construction and energy prices have forced some Hungarians to choose yurts as permanent accommodation, as the video below shows.
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Due to the change in utility regulations, buyers in the capital have been turning to smaller apartments, which has made them more expensive, with one sqm of studio space reaching HUF 1 million, according to the latest statistics of Ingatlan.com.
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