​3 Ways to Keep the Value of Your Apartment September 23rd, 2014

A nice apartment with an appropriate location in Budapest is always easy to sublet. Although it can lose its shine within a few years even if it is used appropriately, which can also decrease rent fees. It is worth to use some of the fee for redoing the apartment to make the next tenant choose it from the multiple opportunities. 1. Repainting Even if the tenant didn’t damage the painting of the walls, and there are only a few darker spots on it, an old paint can easily make the apartment look...

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​The New Foreign-Currency Loan Law Is Full of Surprises September 23rd, 2014

The law proposal regarding the unfair details of the foreign-currency loan contracts was handed in to the Parliament, which includes several surprising details. The main points of the law proposal are the following: The overpayments have to be considered as an early payoffWhen calculating the amounts the official exchange rate of the Hungarian National Bank has to be usedThe banks have to calculate the amounts to be repaid according to the future order of the Hungarian National BankAccording to...

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​Retro or Simply Old? It’s Not the Same… September 17th, 2014

Even if the apartment or the furniture is old, that fact doesn’t make the place “retro”. Nowadays more and more home seekers are looking for this “retro” feeling, since the future owners and investors think it will be easier to find a tenant for an apartment with a retro style. But according to the practice it is not enough to leave grandma’s or the previous owner’s furniture there and call them retro… Property marketing sites are full of apartments with old, used furniture,...

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​A HUF 13 Billion Hospital Is to Be Built in Budapest September 11th, 2014

A new private clinic is to be built at the banks of the River Danube. The construction is expected to cost EUR 40 million (almost HUF 13 billion). According to the plans the construction of the medical institute called Duna Medical Center (DMC) will be finished by the beginning of 2015. Erecting the 25 thousand square-meter property costs HUF 12.7 billion. The Clinic Is to Be Opened in 2016 The hospital will provide jobs for 600 health professionals. The doctors’ office is to be opened at the...

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​27 Percent More Apartments Were Sold in August September 5th, 2014

Property market started to show an increasing trend in 2014: it stayed quite busy in August as well. In the last month 27 percent more properties were sold than in the same period of 2013. Almost 9 Thousand Transactions Were Realized in August According to the data of real estate agency Duna House 8978 properties were sold in August 2014, which is a great number compared to the numbers of the years following the financial crisis. It’s true that fewer apartments were sold in August than in the...

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​What You Need to Know About A Corporate Tenant August 25th, 2014

What is the difference between renting your apartment to a corporation (or other entity) and to a natural person? There are of course numerous differences, but we would like to emphasize two important items that every lessor should keep in mind. 1. Billing Since all companies, corporations or other entities  have to account  for all of their expenditures/costs, they can only rent apartments from owners, who may issue out bills  with appropriate format.The range of potential tenants...

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