194 result(s) for forint in Property
Hungarian Lawmakers Pass Law On VAT Cut For New Home Building
- 16 Dec 2015 8:00 AM
- property
Lawmakers approved a bill to reduce value added tax (VAT) on new-build homes from 27% to 5% between 2016 and 2019. Submitted by Economy Minister Mihály Varga and cabinet chief Antal Rogán, the law states that a 5% VAT rate applies to homes built between 2016 and 2019, mainly applying to blocks of flats built in housing parks with an area of less than 150 square meters each or to standalone homes ...
Opposition DK, PM Parties Savage Budapest Várkert Bazár Restoration
- 9 Dec 2015 8:00 AM
- property
Shoddy construction and nepotism are the main features of the statebacked project to restore the royal garden pavilions at the foot of Castle Hill in Budapest, according to opposition parties that slammed the project. The neo-Renaissance Várkert Bazár, designed by iconic Hungarian architect Miklós Ybl in 1883, was closed off in 1984 and remained in an appalling state of repair until a project to ...
Budapest Court Acquits Officials Of Charges Over 2008 Real Estate Resale
- 26 Nov 2015 8:00 AM
- property
A Budapest court has acquitted a former Moscow ambassador and six other defendants of charges of misappropriation, accessory to a crime and forgery in a real estate case. According to the indictment, Árpád Székely, ambassador at the time, had signed contracts of the sale of a property in 2008 without his superiors knowing. The other accused were trying to cover up his acts.
Land Fund Lawsuit Vs Kishantos Organic Farm, Greenpeace Suspended
- 10 Nov 2015 2:00 AM
- property
A Pest County court suspended a lawsuit filed by the National Land Management Fund (NFA) against the organic farm of Kishantos and Greenpeace Hungary. Last year, the NFA filed a lawsuit against the Kishantos Rural Development Centre saying that it had caused damages to the state for more than six months by using land that it had been leasing in the past but then lost the eligibility to use.
Official: Ludwig Museum Not Moving To Budapest City Park
- 31 Oct 2015 8:02 AM
- property
The Ludwig Museum will not move into the new National Gallery building planned to be built in the City Park as part of the Liget project, ministry commissioner for the project László Baán said. He told a press conference that the government decided on October 20 that the two museums would not be moved into the same building.
Govt Finalises Budapest Liget Museum Quarter Plans
- 26 Oct 2015 3:30 AM
- property
The government has finalised plans for Budapest’s large-scale Liget museum quarter with some changes, László Baán, the project’s commissioner, told a parliamentary committee. The Liget Budapest project’s original plan involved setting up five museums for Hungarian music, fine arts, architecture, ethnography and photography in City Park (Városliget).
Foreigners Prevented From Purchasing Farmland In Hungary
- 9 Oct 2015 9:00 AM
- property
The government’s programme of selling off state-owned land to farmers is aimed at preventing foreign nationals from acquiring farmland in the country, János Lázár, head of the government office, told a regular government briefing. Lázár said it was important to ensure that Hungarian farmers have the opportunity to buy state-owned land.
Interest Strong For New Homebuyers’ Subsidy In Hungary
- 28 Sep 2015 5:01 AM
- property
Clients of OTP Bank, Hungary’s biggest commercial lender, have so far submitted more than 2,500 applications for the state’s new home loan subsidy, deputy-CEO Antal Kovács said. More than 800 clients have already been awarded the subsidy, known by its Hungarian acronym “csok”. The government has already raised the csok allocation after interest exceeded the originally targeted 4,000 applications ...
Third Of Homes Sold In July In Hungary Bought As Investments
- 11 Aug 2015 9:00 AM
- property
Fully 30% of home purchases in Hungary in July were made as investments, according to data compiled by Duna House estate agent. Investors planning to rent or resell at a higher price paid, on average, 19.5 million forints for a 70sqm home. Firsttime home buyers accounted for onequarter of the purchases. They paid, on average, 18.3 million forints for a 60sqm home. The average home price in the ...
Hungarian Lawmakers Pass Law On VAT Cut For New Home Building
- 16 Dec 2015 8:00 AM
- property
Lawmakers approved a bill to reduce value added tax (VAT) on new-build homes from 27% to 5% between 2016 and 2019. Submitted by Economy Minister Mihály Varga and cabinet chief Antal Rogán, the law states that a 5% VAT rate applies to homes built between 2016 and 2019, mainly applying to blocks of flats built in housing parks with an area of less than 150 square meters each or to standalone homes ...
Opposition DK, PM Parties Savage Budapest Várkert Bazár Restoration
- 9 Dec 2015 8:00 AM
- property
Shoddy construction and nepotism are the main features of the statebacked project to restore the royal garden pavilions at the foot of Castle Hill in Budapest, according to opposition parties that slammed the project. The neo-Renaissance Várkert Bazár, designed by iconic Hungarian architect Miklós Ybl in 1883, was closed off in 1984 and remained in an appalling state of repair until a project to ...
Budapest Court Acquits Officials Of Charges Over 2008 Real Estate Resale
- 26 Nov 2015 8:00 AM
- property
A Budapest court has acquitted a former Moscow ambassador and six other defendants of charges of misappropriation, accessory to a crime and forgery in a real estate case. According to the indictment, Árpád Székely, ambassador at the time, had signed contracts of the sale of a property in 2008 without his superiors knowing. The other accused were trying to cover up his acts.
Land Fund Lawsuit Vs Kishantos Organic Farm, Greenpeace Suspended
- 10 Nov 2015 2:00 AM
- property
A Pest County court suspended a lawsuit filed by the National Land Management Fund (NFA) against the organic farm of Kishantos and Greenpeace Hungary. Last year, the NFA filed a lawsuit against the Kishantos Rural Development Centre saying that it had caused damages to the state for more than six months by using land that it had been leasing in the past but then lost the eligibility to use.
Official: Ludwig Museum Not Moving To Budapest City Park
- 31 Oct 2015 8:02 AM
- property
The Ludwig Museum will not move into the new National Gallery building planned to be built in the City Park as part of the Liget project, ministry commissioner for the project László Baán said. He told a press conference that the government decided on October 20 that the two museums would not be moved into the same building.
Govt Finalises Budapest Liget Museum Quarter Plans
- 26 Oct 2015 3:30 AM
- property
The government has finalised plans for Budapest’s large-scale Liget museum quarter with some changes, László Baán, the project’s commissioner, told a parliamentary committee. The Liget Budapest project’s original plan involved setting up five museums for Hungarian music, fine arts, architecture, ethnography and photography in City Park (Városliget).
Foreigners Prevented From Purchasing Farmland In Hungary
- 9 Oct 2015 9:00 AM
- property
The government’s programme of selling off state-owned land to farmers is aimed at preventing foreign nationals from acquiring farmland in the country, János Lázár, head of the government office, told a regular government briefing. Lázár said it was important to ensure that Hungarian farmers have the opportunity to buy state-owned land.
Interest Strong For New Homebuyers’ Subsidy In Hungary
- 28 Sep 2015 5:01 AM
- property
Clients of OTP Bank, Hungary’s biggest commercial lender, have so far submitted more than 2,500 applications for the state’s new home loan subsidy, deputy-CEO Antal Kovács said. More than 800 clients have already been awarded the subsidy, known by its Hungarian acronym “csok”. The government has already raised the csok allocation after interest exceeded the originally targeted 4,000 applications ...
Third Of Homes Sold In July In Hungary Bought As Investments
- 11 Aug 2015 9:00 AM
- property
Fully 30% of home purchases in Hungary in July were made as investments, according to data compiled by Duna House estate agent. Investors planning to rent or resell at a higher price paid, on average, 19.5 million forints for a 70sqm home. Firsttime home buyers accounted for onequarter of the purchases. They paid, on average, 18.3 million forints for a 60sqm home. The average home price in the ...