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On average, students admitted to higher education institutions in Budapest will have to pay almost 9% more for sublet rents this year, while those continuing their education in rural towns should expect a price increase of more than 7%, Otthon Centrum concluded in its summary of the sublet market in university cities, according to profitline.hu.
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The cuts in subsidies for household utilities will slow the growth of rental rates, according to Rentingo.com, a community-based rental search platform.
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In the first half of this year, the number of foreigners interested in Hungarian residential properties for sale increased by 10%, which is also due to the weakening of the forint against the euro, according to a recent analysis by ingatlan.com.
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Architectural engineering firm Bord Építész Stúdió has won the contract to redesign the National Skating Centre in Budapest for Ft 2.8 billion, state sports centre manager BMSK announced on the EU public procurement website on Monday.
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As even the cheapest bid was two and a half times more than the available amount, the public procurement call for the construction of a new campus in Budapest’s Eighth District also known as the Bródy project, was unsuccessful, the Pázmány Péter Catholic University announced on the EU public procurement website on Friday.
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Budapest Airport yesterday announced the launch of a three-year, Ft 1.2 billion residential noise insulation programme in September.
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