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Hungary, with 91.3%, has the 3rd highest proportion of private home ownership in Europe, according to a survey published in the Tuesday edition of economic daily Világgazdaság.
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Output of Hungary’s construction sector rose by an annual 3.2% in April, slowing from double-digit growth in the previous couple of months, the Central Statistical Office (KSH) said on Wednesday.
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Property developers face momentous challenges in the next 2-3 years due to ballooning construction and financing costs, a property association head has said.
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The government plans to nationalise Budapest’s Podmaniczky tér, Vörösmarty tér and Széchenyi István tér and transfer them to the Fifth District local council, HVG reports.
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The new Hotel Oktogon has opened in the historically protected Haggenmacher Palace at Andrássy út 52, Forbes reports.
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Hungarian property developers have won five gold and a silver medal at the FIABCI World Prix d’Excellence competition in Paris, FIABCI’s Hungarian chapter told MTI on Friday.
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