A recently published video by Metro-Goldwyn-Mayer company shows how Budapest looked back in 1938, before all the destruction of WWII. What's more, the video was shot in Technicolor.
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.Read more
The national average in 2016 on the value increase of residential properties in Hungary was 15,4%, according to a report by the Hungarian National Bank.Read more
The once office building that stands next to Astoria Hotel in downtown Budapest has been empty and abandoned for decades now. There's a group of people that are interested in giving the real estate a new life.Read more
Hungary’s real estate market is in an upward spiral after years of decline due to the real estate market crisis in 2008. The expected growth is five-to-ten percent in the following two years. Beginning in 2014, property prices began to grow by over ten percent. Hungary’s low interest rate, a record low at 1.5%, and a stabilized banking system lured buyers and investors alike. The trust factor has returned to the real estate market in Hungary.Read more
Budapest's renowned Central European University has finally completed a new wing - the first phase of an enourmous development for expanding in the next few years, the new building in Nador street is now buzzing with life.Read more
While Budapest, the capital of Hungary, may not be the first city that tourists heading to Europe put on their itineraries, it's becoming a new magnet for global real estate investors. Budapest is not as saturated with buyers and sellers as cities that are more on the beaten track. That's only part of its appeal, however. The "Pearl of the Danube" is a world class location with assets that outshine more high profile markets. The advantages to buying property there may never be as ideal.Read more
Hungary’s capital city of Budapest continues to attract foreign investors seeking high-end apartments. Professional real estate investors see the boom in tourism and now seek to rent the properties they purchase. This boom has led to a rise in real estate purchase transactions and helped stabilize the housing market in Budapest. Many risk-averse foreign investors now consider Budapest as their preferred investment destination.
A new wave of foreign property investors has descended on Budapest, the capital city of Hungary. According to a study recently released by estate agency Otthon Centrum, the first half of 2015 saw an astonishing increase of property transactions in the city. In fact, the total figure was ultimately revealed to be 40 percent higher than the final figure that was reported for the previous year. In a word, the property market for foreign investors in Budapest is booming at a rate that was frankly inconceivable even a few short years ago.
According to the Hungarian Central Stastical Office, the number of construction permits and simple declaration of new residential buildings have doubled in the first quarter of year compared to the same period in 2015. This further proves the outstanding optimism Hungarians have about the property market.Read more