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Csaba Horváth, the mayor of Budapest’s Zugló district, demanded that the central government stop any further construction projects in City Park and dismantle metal barriers erected two years ago around the sites in question.
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During the epidemic, 98% of retail tenants initiated consultations with property owners on lower rents and in most cases they reached an agreement, according to a survey by consultant CBRE.
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The average monthly rent in Budapest fell to 156,000 forints (EUR 437) at the end of the second quarter from 175,000 forints at the start of the year, a new joint research project of the Central Statistical Office (KSH) and realtor Ingatlan.com shows.
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Due to the past years of the rapidly rising cost of real estate at Lake Balaton, square meter prices are becoming almost identical to those of the Croatian coast, news site G7 reports.
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The deputy group leader of opposition Párbeszéd has filed a criminal complaint for severe financial mismanagement involving the sale of a hotel in Visegrád in northern Hungary.
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The proportion of overcrowded housing in Hungary has more than halved in the past ten years, a junior governing party official said on Saturday, commenting on fresh Eurostat data.
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