77 result(s) for hungarian forint in Property
Assoc Chief: Hungarian Construction Sector To Pick Up Steam In Coming Years
- 4 Jan 2016 8:00 AM
- property
The construction sector is set to grow in the coming years and the number of new homes built per year could double by the end of the current government cycle, László Koji, head of the association of construction entrepreneurs ÉVOSZ, told daily Magyar Idők. Over the past few years, the government has implemented measures that have generated investments, even by foreign businesses, both 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.
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 ...
Real Estate Market On The Rise In Budapest
- 6 Aug 2015 11:45 AM
- property
The growing popularity of online vacation rentals has driven up demand for flats in central Budapest. Home sales in the centre of the capital have risen 40% in just a year, according to real-estate agent Otthon Centrum. Demand is highest for 40-60sqm flats in need of renovation. Interest is strong for flats in the 7th district, where local ruin pubs draw young travellers, as well as in the ...
Assoc Chief: Hungarian Construction Sector To Pick Up Steam In Coming Years
- 4 Jan 2016 8:00 AM
- property
The construction sector is set to grow in the coming years and the number of new homes built per year could double by the end of the current government cycle, László Koji, head of the association of construction entrepreneurs ÉVOSZ, told daily Magyar Idők. Over the past few years, the government has implemented measures that have generated investments, even by foreign businesses, both 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.
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 ...
Real Estate Market On The Rise In Budapest
- 6 Aug 2015 11:45 AM
- property
The growing popularity of online vacation rentals has driven up demand for flats in central Budapest. Home sales in the centre of the capital have risen 40% in just a year, according to real-estate agent Otthon Centrum. Demand is highest for 40-60sqm flats in need of renovation. Interest is strong for flats in the 7th district, where local ruin pubs draw young travellers, as well as in the ...