A magnificient 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.
According to the "Global Residential Cities Index - Q3 2018." report by Knight Frank, Budapest shows the highest 12-month residential property price growth in Europe.Read more
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
According to a survey taken in January 2016 by GKI Economic Research Company, both Hungarian and Budapest real estate market indices were up by 3 points this quarter, representing a 35-quarter peak: 2007 was the last time the index was this high.Read more
Construction works have been going for a while on a large area behind the so-called “Whale”, and the Central Market Hall in the 9th District.
The municipality of the district has recently released the architectural design plans regarding the area, which are to be done at the end of this summer.Read more
Our property of the month in January is a wonderful apartment overlooking the iconic and gorgeous St. Stephen's Basilica that is located right in the center of town, perfect for those wanting to be in the center of it all or within walking distance to main features that the city has to offer.
It was announced on December 11th along with 46 other cities from 33 countries that Budapest has been crowned by the UNESCO Creativity City Network, as one of the world's most creative cities, under the category of Design.Read more
If you are new in Budapest and this is your first Christmas, don't be dismayed, there are loads to do and if there is one place that does it well, it is Budapest. Though it might come as a surprise for many newcomers here who are used to Christmas Eve as the day when Santa Claus comes, here in Hungary, the Mikulas nap (Santa Claus Day) falls on the 6th of December, where children shine their boots and leave them out for Santa Claus to fill them with treats and leave presents.Read more
A high 150 to 155 thousand residential property transactions are expected to happen this year alone within Hungary. This high number is almost parallel to the pre-crisis transaction stats of 2008. Most real estate experts concur that the trade will continue to grow within the coming years, and will most likely exceed the 170-180 thousand yearly transaction number, which was the case in the pre-crisis years.Read more
For this month, our feature property is a house, recently refurbished and wonderfully Bauhaus. While maining the essence, beauty and full character of true Bauhaus design, the renovation and up-lift of this gorgeous house, is fully equipped with modern amenities and features.Read more
The 11th Portfolio Property Investment Forum is organized this year in the Hotel Intercontinental in downtown Budapest.
The all-day professional program is organized in association with RICS, and it offers 70 speakers, paralell thematic sections, and a standing reception in the evening.
As the number of tourists arriving in Hungary hits record highs and online rental websites become increasingly popular, a columnist calls for stricter tax inspection and better regulation of the privately rented appartments.