​An apartment can be sold while occupied by a tenant - 3 facts an apartment owner should know August 25th, 2014

Your tenant cannot prevent you from selling your apartment Many owners do not even think of selling their apartments as long as they are rented out, believing that they cannot sell their properties when occupied by a tenant. 1.   An apartment can be sold while occupied by a tenant. If a piece of real property is rented out, the new owner of the property must agree to the valid contract of tenancy, but the contract cannot hinder the sale itself. 2. The property can be viewed According to §1...

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​Klotild Palace Was Sold for over HUF 2 Billion August 25th, 2014

A Turkish investor bought the Klotild Palace. The monument was sold for HUF 2.15 billion. The self-government of the 5th district decided to sell the building on the 15th August: it was bought by Melis Investment Ltd., which is a part of Özyer Group. A Hotel Will Be Opened in the Building Its new owner would like to open a hotel in the newly bought Klotild Palace. The self-government organized an international, multi-round open tender for selling the building, which has been empty since 2009. They...

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What You Haven’t Known about Home Insurance August 19th, 2014

A lot of people can’t see clearly when it comes to property-related insurances. Most misunderstandings occur related to the jurisdiction of apartment block insurance and home owner insurance. Before talking about the issue in details it must be stated that there are a lot of different constructions; the most frequent ones based on our personal experience will be reviewed below. 1. Apartment Block Insurance  Many think that any damage occurring within the building falls within the jurisdiction...

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​Demolition of the Roof of the Burned-Down House on Andrássy út Has Begun August 19th, 2014

The demolition of the roof of the house at Andrássy út which’s roof was burned down on the 15th July has begun. The roof of the building was seriously damaged in the fire. The remains need to be removed, since the building was declared life threateningly dangerous. The Demolition Can Be Ready by Fall The demolition of the roof is expected to be ready by the 8th November. During the construction some parts of Andrássy út, Kodály körönd and Szív utca will be closed from traffic. The company...

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Budapest is Among the Friendliest Cities of the World August 19th, 2014

Budapest is among the bests again. This time it got the 11th place on the list of travel site Condé Nast Traveler, which asked the readers to name the friendliest cities. Budapest shares the 11th place with Austrian Salzburg. 1. Melbourne (Australia) and Auckland (New Zealand) Locals in Melbourne have a great sense of humor, and the city is full of nice parks. Auckland got the 1st place because of its nice people.   2. Victoria (BC, Canada) To see Victoria you need at least a week, but it’s...

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​5 Things that Make Your Apartment Worth Less August 14th, 2014

You’ve been trying to sell your apartment for a long time, but you haven’t had any inquiries yet? You may not know what property features are the most important for apartment seekers. According to a phrase 3 things matter: location, location and location; but actually there are 4 important factors beside location. If your apartment doesn’t meet these, it may be worth less. 1. Location: 52.5% According to the results of a survey made by economic website Pénzcentrum.hu based on the opinion...

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