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. 

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. 

Construction works have been going for a while on a large area behind the so-called “Whale”, and the Central Market Hall in the 9^th 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.