Property Market News from Budapest, HungaryStay up-to-date on the property prices and real estate market trends in Budapest.

​Areas Property Buyers Prefer August 14th, 2014

Property market seems to be waking up: more and more apartments are sold as a new home and as an investment as well. The most popular areas are the districts of the capital and the holiday resort areas in the country; apartments in the Budapest metropolitan are less in demand than a few years ago. The 6th and the 7th Districts Are the Most Popular According to 2013 sales data of real estate agency Duna House the first place on the top 45 list is occupied by the 6th district. In 2012 this place belonged...

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​Check the New Puskás Stadium that May Be Host for the UEFA Euro 2020 August 6th, 2014

The visuals of the future Puskás Ferenc Stadium have been presented. Building the new 68-thousand-capacity stadium costs HUF 70-100 billion which will be covered by the Hungarian government. The new facility is expected to be ready by 2018, and it will be home for 20 Olympic sports, concerts and other events. The building of the stadium itself costs HUF 60-80 billion, and that of the supplementary buildings costs HUF 10-20 billion. Much More than a Soccer Field The decision of building a new stadium...

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​Hungary Got 35 Percent More Foreign Money August 6th, 2014

Foreign investors’ interest in Hungary increased: 35 percent more money came to Hungary in the 2nd quarter of 2014 than in last year’s same period. Investors spent a total amount of EUR 44 billion (HUF 14 thousand billion) in Europe, which is 28 percent more than in 2013. The Central European region was 15 percent more popular; the popularity of Romania, the Czech Republic and Hungary increased the most. France Shines, Russia Falls According to the data of the study of CBRE France was one of...

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9 Things Tourists Love in Budapest August 6th, 2014

Budapest is a frequent guest on the lists of the best places made by international travel sites: foreign tourists like the spectacular city center, the busy nightlife and low prices. But let’s see what they love the best. 1. Shooting Clubs Instead of visiting the Castle or the Heroes’ Square tourists prefer places where their adrenaline level gets higher: for many of them the Celeritas Shooting Club in the 23rd district is the first place they go to after arriving at the airport. 2. Adventure...

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3 signs of bad property management July 31st, 2014

Is the management service still acceptable or it produces already loss for you? This article could help to recognize the problems in time.   1.            Lack of Communication  Are you waiting weeks or more than a month to get an answer for your e-mails? Your property manager does not pick up the phone or is always „busy”? Are there questions you never got answered? 50% of a good property management service is fieldwork; the other...

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Zero certificates – Small things that can cause big problems when selling your property July 30th, 2014

Why you need professional help to collect zero certificates in Hungary.   Once you have signed a contract to sell the property, as a seller you have one more obligation: you have to provide the zero certificates, (a statement by provider proving that your outstanding arrears is “zero”) from the utility companies and from the House Representative. The system in Hungary is quite bureaucratic. The procedure can be easier if your apartment had been well managed. On the contrary, it could be...

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