​Reconstruction of Széll Kálmán Tér Is about to Start June 4th, 2014

After the long planning process the reconstruction of Széll Kálmán tér can finally begin in June. The work must be finished by the end of next year. The BKK Centre for Budapest Transport has already made a decision of the constructor. The reconstruction is expected to cost HUF 5.3 billion. Hopefully the long-awaited reconstruction of Széll Kálmán tér won’t be postponed again. According to the plans the work will be started in June. The reconstruction must be finished by next December,...

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​Budapest Has the Best Price/Value Rate June 4th, 2014

After 2013 Budapest became the city with the best price/value rate in 2014 again according to the ranking of travel site TripAdvisor published at the end of May. The Hungarian capital was ranked 1st by 54 thousand visitors in one of the 16 categories, overtaking Lisbon and Hanoi. Budapest got the 1st place in 2014 again in the category of the cities with the best price/value rate according to the US-based travel site TripAdvisor. The world’s largest travel site published the results of its...

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Good photos will sell your property – See some real examples May 29th, 2014

There is high competition on the online property market. People searching for flats browse long lists of property ads. How can you make sure that your property will attract attention? Many owners think that pictures taken by a smartphone is just good enough to advertise their properties. However, a property advertized with images taken by a professional photographer do rent much faster. See below what a property looks like on a photo taken with a smartphone and on a picture taken by the professional...

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Why pay the Tax Man twice? Find out the tricks of the trade from a Hungarian financial expert May 29th, 2014

“Paying tax twice is a real danger for foreign property owners” – an interview with Krisztian Cornides, Chartered Accountant, Finance Director of Tower-International.Is it necessary to pay income tax on rental income in Hungary if somebody has already paid it at home?Hungary signed double taxation treaty with more than 80 countries. (Full list available here) These agreements and regulations help to avoid the situation to pay tax on the same income twice. The logic of these agreements...

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​Bicycle Sharing System BuBi Is to Be Launched in May May 26th, 2014

Bicycle Sharing System MOL BuBi is to be launched in May. After the test months in March and April when the locals could try the system, the service is planned to be started at the beginning of May. Using the system anyone can rent a bike for a half an hour from one of the 76 docking stations. The launch of bicycle sharing system BuBi was to be in April, but according to the new plans the system starts at the beginning of May. In March and April the BKK Centre for Budapest Transport and the Hungarian...

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These Are the Most Beautiful 100-Year-Old Houses of Budapest May 26th, 2014

There are a lot of beautiful buildings in Budapest that have worked as an exciting sight for the locals and the tourists for 100 years. But usually we don’t pay attention to them, since we are always in a hurry, although they are worth to take a couple of minutes off. Within the confines of the project called “Budapest100” visitors could enjoy the sight of these buildings, such as the Petőfi Barrack or the houses built in 1914 located on Bartók Béla út, Práter utca, Szilágyi Erzsébet...

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