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

​Buying an Apartment: What to Keep in Mind When Signing the Contract April 28th, 2014

Searching for our new home reading advertisements and visiting the possible apartments are only the first steps. There’s another very important part to get over with to get the house: signing the contract. But there are a few things we have to pay attention to around signing the contract if we want to avoid unpleasant surprises. After finding our dream house the next step is signing the contract: but those who are not familiar with legal procedures can easily trapped by tricky terms if they don’t...

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​Budapest Zoo Became a National Protected Area April 28th, 2014

Budapest Zoo was pronounced a national protected area; the news was broken at the opening event of Earth Festival on the 22nd April. At the event it was also revealed that a new family park is to be opened at the area that belonged to the former Amusement Park. The 6-day-long Earth Festival was opened in the Budapest Zoo and Botanical Garden on the 22nd April, on Earth Day. The festival has been held there every year since 1990, and under its current name since 2008. Budapest Zoo was officially...

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​Running Track on Margaret Island is to Be Renewed April 28th, 2014

Budapest residents could also state their opinions on how the running track on Margaret Island should be renewed. Up till March the Mayor’s Office received more than 1500 filled surveys: most residents would like the track to be widened, lit and surveyed by security cameras. The Town Planning Department of the Mayor’s Office invited Budapest residents to state their opinions on how the running track on Margaret Island should be renewed and what other sport facilities should be built on the island....

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​To Rent or to Buy: Which Is Better? April 25th, 2014

Before the financial crisis those who were looking for an apartment were more likely to choose buying over renting, thus the rate of owners increased on the market. But after the property prices decreased it’s more difficult to decide which is better: to rent or to buy. Real estate agency Otthon Centrum examined the financial aspects of the mentioned two 2 alternatives. It’s not easy to decide which is better, to rent or to buy, when we are looking for a new apartment. Both have advantages,...

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​These Are the Most Popular Properties among Future Buyers April 25th, 2014

Those who buy an apartment as an investment or thinking of selling their existing one it’s worth to know what kind of properties are the most popular at the moment among the future buyers.  Property market has changed in several aspects recently: loans with lower interests are available, those who develop new apartments are less likely to take risks, apartment savings accounts are more common, and energy efficiency became more important. Some areas, sizes and price categories resisted the...

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​New Projects Start at the Metro Line 3 Terminal April 7th, 2014

The largest Park & Ride facility of Budapest was inaugurated at the beginning of April at the Kőbánya-Kispest terminal of the Metro Line 3, near the just closed KÖKI Terminál Shopping Center. The reconstruction of the overpass connecting Kispest and Kőbánya is to be started soon. The largest Park & Ride facility of the Hungarian capital was opened on the 2nd April in Kispest, at the Kőbánya-Kispest terminal of Metro Line 3, near the KÖKI Terminál Shopping Center. The guarded indoor...

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