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According to the Neighborhood Price Index 2019 by Nestpick, a worldwide aggregator website for furnished apartments, a monthly salary as high as nearly EUR 1,720 (approx. HUF 545,000) may be needed in order to comfortably afford a single-person apartment in Budapest.
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According to the National Bank of Hungary’s house price index, prices increased annually at a nominal rate of 15.7% and by 11.7% in real terms in the third quarter of 2018 compared with the same period last year.
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The average price of existing homes was up 10.7% year-on-year in the third quarter of 2018, while new home prices were an average of 4.3% higher than one year earlier, the Central Statistics Office just announced.
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Radostina Kraleva, a Senior Accountant at Coca-Cola HBC Careers, recently asked the local expat community (via XpatLoop's Facebook group) for advice about any organisations that take care of tenant's rights in Hungary. For your interest here are related helpful hints and tips from Xpats in the loop.
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The number of inquiries for home sales was 84% higher in the first three weeks of January than one year earlier, real estate website Ingatlan.com announced.
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The Public Administration Court has revoked the construction permit for the New National Gallery to be built in the City Park, and instructed the Fifth District office to conduct new proceedings, the NGO Civil Zugló Egyesület wrote on its Facebook page on Tuesday.
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