According to the summer announcement, the government does not intend to extend the validity period of the 5% VAT on new residential properties which is in effect until December 31, 2019.

The currently under construction Etele Mall (Etele Plaza) will be the third largest shopping and entertainment center in Hungary, located in Újbuda (Kelenföld) with its 55 000 m2, at the biggest intermodal transport node of Budapest.

Budapest is a true capital with many famous sights attracting tourists. At the same time, there are places that only locals really know, but are real treasures such is the Károlyi Garden (Károlyi-kert) in the iconic district V. Despite its busy surroundings, its small size and the tall buildings around the park make it easy to miss.

In Budapest there are currently 20 000 apartments being built or planned to be built.

Over the last 3-5 years, the Hungarian real estate market has gone through tremendous changes. In 2013, there was a slow downturn in the pre-owned home market, followed by an accelerating rise in prices. This rise was moderated in 2017, but the real estate prices are still increasing.

The property of September is unique in terms of location and neighborhood as well. The outstanding property offered for sale is located in Buda, in the popular district XI, also in one of the most frequented parts of the city, on St. Gellért Square.

Budapest has long been a popular city for university studies among foreign students. In addition to new adventures for a lifetime, Budapest has many other opportunities for them. We have summarized five reasons why this city is a popular destination for higher education studies in the region.

Modern mobile homes and container houses are getting more and more widespread. This video shows that they can also be no-compromise, high-end, smart homes.  

"Architecture is not about math or zoning -- it's about visceral emotions," says Marc Kushner in this fascinating and inspiring Ted talk. 

Panoramic views can always make a property extraordinary, but this little gem in downtown Budapest is a real rarity - the carefully designed and crafted interior perfectly matches the incredible views this apartment has.    

With the new academic year starting in September, this month is certainly the season to see and expect the apartment rental market boom in Budapest.    

A new proposal for the year 2018 would lift the 14% tax on rental income.