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

​The Renewed Castle Garden Bazaar Was Handed Over April 7th, 2014

The renewed parts of the Castle Garden Bazaar were handed over at the beginning of April. The reconstruction of the building, which had been empty for the past decades, started in February 2013. The renewal of the bazaar is to be continued: its new parts are to be built, and the reconstruction is to be finished by the end of August. The renewed parts of the Castle Garden Bazaar were handed over on the 3rd April 2014 by Prime Minister Viktor Orbán. The reconstructions started in February 2013; in...

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​Metro Line 4 Won an International Architecture Contest April 7th, 2014

Two stations of the newly inaugurated Metro Line 4 of Budapest won the first prize on Architizer A+ Awards, an international architecture contest. The Szent Gellért tér and Fővám tér stations won in the bus and train stations category. They got the appreciation of the audience and the jury as well. Two of the stations of the newly inaugurated Metro Line 4 of Budapest won an international competition. The Szent Gellért tér station and the Fővám tér station got the first place on an international...

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The Real Estate Market in Budapest March 19th, 2014

Interview with Krisztina Meszaros, Sales Manager at Tower International. What’s the current situation on the Budapest property market? The market is very active now, partly due to the time of year, Spring. There is definately a demand for good downtown properties. The buyers are primarily locals, but there are some foreign investors on the market as well. Is there any sign that shows a potential increase of property prices in the near future? Not really. You know how the ancient Chinese saying...

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Property Market Gets Hotter March 13th, 2014

Property market turnover highly increased in February 2014: 12 percent more properties were sold than in the same period of last year. Apartments in panel blocks and in brick houses were the cheapest in Eastern Hungary (under HUF 9 million) and the most expensive in the Buda side of the capital (over HUF 20 million). Property market turnover increased by 12 percent in February 2014 compared to the same period of last year. According to the data of Duna House real estate agency the properties were...

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City Park is to Be Renewed March 13th, 2014

The Városliget (City Park) is to be renewed: 5 new museums are to be built in the park located in the 14th district. The organizers are currently waiting for the construction plans within the confines of the Liget Budapest Project. The results of the tender are expected by the end of 2014. The new buildings will replace those that are to be knocked down. The results of the tender made for architects to create plans for the new museums to be erected in the City Park in Budapest are expected by the...

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Brazilian students love Hungary March 11th, 2014

These days, countless students around the globe decide to choose the opportunity to spend a few months or years not with studying in their home country, but to gain knowledge and experience abroad. People of every nation tend to think that they are more hospitable than their neighbors, their forests more dense, buildings fancier, rivers flowing more beautiful, and that foreign people tend to like their country more accordingly. But in the case of Hungary, this is often not an illusion of unjustified...

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