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

The 6-Storey Swimming Palace Built by 2016 Will Be the New Spectacle of Budapest March 6th, 2014

A new 6-storey swimming palace is to be built for the 2021 World Aquatics Championships and the 2017 World Junior Swimming Championships at the north side of the Dagály Baths. The new, 25-square-meter complex is to be ready by 2016, costs HUF 8 billion, and according to the expectations will be a new spectacle of Budapest, and determine the landscape at the banks of the Danube.  The visuals of the swimming complex to be built for the 2021 World Aquatics Championships and the 2017 World Junior...

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Thanks to the Metro Line 4 the Property Prices Can Go up by 80 Percent March 6th, 2014

Metro Line 4, which is to be opened in March, helped to increase the property prices of the area. Although of course the reconstructions and the development of the public places in the neighborhood also played some part in the increase, it’s a fact that near 2 stations of the future line the price of the properties increased by 80 percent. The Metro Line 4 is to be opened in March. With the beginning of the constructions the guessing also started how big influence the new line will have on the...

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Troubles with the Condominium Management? - A reason to look for a good Property Manager February 16th, 2014

Those apartment owners who are not satisfied with their joint representative, can ask for help from the local notary from February. Most owners have problems related to common expenses, and others with the lack of tenants’ meetings or the inappropriate environment. From the 1st of February those apartment owners who are not satisfied with their joint representatives, can ask for help from the notary to solve their problems. According to the information provided by the National Federation of Associations...

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It's worth to Invest in Hungarian Property February 16th, 2014

2014 is expected to be a good year for the investors: the number of those who are interested in buying property increased by 10 percent. Mostly indoor garages and apartments in panel buildings are in demand. Most buyers apply for a loan unlike last years, when paying with cash was more common. The Hungarian real estate market had a good start in 2014: the number of those who are interested in buying property increased by 10 percent. The growing interest is partly thanks to the favorable loans, the...

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2014 Will Be the Year of Rebirth in the 8th District January 31st, 2014

2014 will be the year of rebirth for the 8th district of Budapest: the reconstructions in process continue, some new are to be started, and some old are to be finished. The 3rd part of the renewal of Magdolna Quarter is also to be continued, and could be ready by the end of the year. In Józsefváros 2014 will be the year of rebirth. Several new projects begin, the current ones continue, and some of them will be finished. The biggest investment of the district, the third part of the reconstruction...

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Hungarians Love Their Home, and Are Unwilling to Move for a Job January 31st, 2014

According to a survey Hungarians stick to their homes: they are unwilling to move, even if they got a new job at the other side of the country. The rates of the opened positions are uneven, but despite moving for a job doesn’t have a tradition in Hungary, partly because of the big difference among the real estate prices of the counties. According to the results of a survey of a job search site Hungarians are not likely to move to another county for a new job; they cling to their current homes....

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