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

The New Millenáris Velodrom Sport Centre Is to Be Opened in 2017 January 30th, 2014

The new gymnastics and cycling centre of Budapest, Millenáris Velodrom is to be opened in 2017. A sport park is to be built near the Puskás Ferenc Stadium, the sport centre will be located here. The new building will be home for a 250-meter covered bicycle track, a BMX training track and a gymnastics centre. According to the plans the new gymnastics and cycling centre of Budapest, the rebuilt Millenáris Velodrom will be inaugurated in 3 years. The facility is to be built at the territory of the...

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Enlargement of the Budapest Zoo Starts in February January 30th, 2014

The enlargement of the Budapest Zoo starts at the beginning of February. The now 10.7 ha facility gets another 6.5 ha territory, and as a result its area gets almost as big as it used to be at the time of its inauguration. Within the confines of the enlargement a huge glass house is to be built, in which the fauna of the former Pannonian Sea will be displayed. According to the plans the enlargement of the Budapest Zoo starts in February; the CEO of the facility, Miklós Persányi gets the keys of...

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The Renewed Castle Garden Bazaar Opens in April January 30th, 2014

The renewed Castle Garden Bazaar is to be inaugurated in April 2014. The reconstruction of the monument started in the fall of 2012, and the aim was to keep the building's characteristics, while creating a new, modern cultural space. The first part of the reconstruction is to be ready by March; the parts of the building planned by architect Miklós Ybl are going to be renewed. According to the plans the renewed Castle Garden Bazaar is going to be inaugurated on the 3rd April 2014 by Prime Minister...

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Bus Network Changes When Metro Line 4 Opens January 30th, 2014

Connected to the opening of the Metro Line 4 in March, one of the biggest surface traffic rearrangements will be made by BKK Centre for Budapest Transport in 10 of the districts of Budapest. Since the new metro line will provide a fast and comfortable way to get to the centre of the city, some of the bus lines need to be rearranged. According to the plans the Metro Line 4 will be opened in March, and connected to the opening of the line one of the biggest surface traffic rearrangement of the decade...

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Reconstructions on Batthyány tér Continue January 30th, 2014

Reconstructions on Batthyány tér continue. During the holidays the work stopped, but from January the groundwork machines returned to the square. The important traffic junction gets a new pavement and its green areas will be renewed. The purpose of the reconstruction is the pavement, the green areas and the street furniture to create a harmonic whole. Reconstructions at the 1st district traffic junction, Batthyány tér continue. A part of the area has been closed since the end of last year. The...

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Renewal of Lánchíd utca Continues January 30th, 2014

The second part of the renewal of Lánchíd utca starts in March. The project costs HUF 908 million. About 13 thousand square meter of pavement will be laid, a new tram stop and a 2230-square-meter bike line constructed. The reconstructions could be ready by the end of the year. The self-government of the 1st district of Budapest is searching for a building contractor for the second part of the reconstruction of Lánchíd utca. According to the plans the project will cost HUF 908 million, and the...

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