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EuropaProperty has held its 2nd annual CRE Awards at the Marriott Budapest Hotel, on the banks of the Danube. The quality and number of commercial real estate nominations suggests an underlying, and growing confidence in the region’s property markets.
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The Kitchen Show is Hungary’s only kitchen-themed event aimed at end consumers who are looking to create their perfect kitchens. Here, kitchen professionals and experts present their latest furniture designs, state-of-the-art small and major appliances and kitchenware to visitors.
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The ratio of those buying a home in Budapest for investment purposes exceeded 50% in the past two months, listed real estate agency Duna House said on Friday, according to state news wire MTI.
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The Hungexpo fairgrounds in the capital will undergo an almost 50 billion forints (EUR 156.6m) upgrade, Budapest mayor Istvan Tarlós said in an interview in daily Magyar Nemzet.
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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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