OTP To Buy Budapest MOM Park Complex
- 24 Jul 2018 9:21 AM
OTP Real Estate Investment Fund announced its intent to buy MOM Park. The transaction is pending approval by the competition authority.
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Construction Output Jumps 15.1% In May
- 17 Jul 2018 7:57 AM
Output of Hungary’s construction sector rose by an annual 15.1% in May, the Central Statistical Office (KSH) said.
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Cordia Starts 1,300-Apartment Development In Budapest
- 16 Jul 2018 11:48 AM
Cordia, the residential subsidiary of the Futureal Group, has announced its entrance onto Budapest’s District 9 market with a 1,300-apartment development in the Millennium Quarter.
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New Home Shortage Expected From 2021
- 10 Jul 2018 9:25 AM
Takarék Mortgage Bank, previously known as FHB Mortgage Bank, expects home prices to continue rising this year, but the pace should decelerate. Meanwhile, the government does not plan to extend the preferential 5% VAT rate for new homes.
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Metrodom Sees Demand For E-Cars Rise
- 9 Jul 2018 9:57 AM
Property developer Metrodom has completed construction of a residential property block in Budapest’s 13th District with 129 homes.
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Budapest’s First Skyscraper Granted Permit
- 29 Jun 2018 9:06 AM
International office developer GTC Hungary has received the building permit for its new project, The Twist – Budapest City Tower. Rising over 23 floors, The Twist will be one of Budapest’s tallest office skyscrapers with 37,000 square meters of leasable offices.
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