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

Recontructions on Ferenciek tere Are to Be Finished by March January 2nd, 2014

Reconstructions at Ferenciek tere and Március 15. tér are planned to be finished by March 2014. According to the last plans the pedestrian subway won’t be knocked down, and there’ll be no bus line in the middle of the road on Kossuth Lajos utca. The reconstructions at Ferenciek tere have been in process for a year, and it will be finished by March 2014. Within the confines of the renewal the surface traffic will be reconstructed, and the square gets a new pavement. According to the former...

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Reconstructions at Párizsi utca January 2nd, 2014

The most famous pedestrian street of the city centre, Váci utca and some of its bystreets, like Párizsi utca are to be renewed, and they’ll get a new pavement. The new pavement of Párizsi utca is decorated with geometric elements. According to the plans at one corner of the street a luxury hotel is to be built. Váci utca, Dunakorzó and Falk Miksa and their neighborhood are planned to be reconstructed. Váci utca located in the 5th district is the city centre’s most famous shopping area,...

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A Part of the 13th district Has Been Renewed January 2nd, 2014

Pozsonyi út in Újlipótváros and its neighborhood was completely renewed. The sight of the 13th district-area improved a lot in the last few years. The green areas got enlarged, and new pavements and parking lots were constructed. The sight of Pozsonyi út in the 13th district changed completely in the last few years. Within the confines of the renewal of Újlipótváros first the Margaret Bridge and the Saint Stephen Park built in 1935 were reconstructed in 2011, and the next project was the...

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A New Park Is to Be Built near Nyugati pályaudvar January 2nd, 2014

A huge park is to be built in the 6th district, behind the building of the Nyugati Railway Station. Previously a government quarter was planned to be built on the currently unused area, but the investment was called off. According to the plans the new establishment will be similar to Millenáris (a park in Buda). The investment will cost HUF 300-600 million. The self-government of the 6th district has come upon a plan for the temporary usage of the currently unused area behind Nyugati pályaudvar...

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HUF 4.8 Billion to Be Spent on the Renewal of Széll Kálmán tér December 16th, 2013

Instead of the planned HUF 1.5 billion, 4.8 billion will be spent on the renewal of Széll Kálmán tér (the former Moszkva tér). The investment that was decided to be done two years ago, will be realized as a part of the Capital of the Nation program, and it will be covered by capital, national and EU resources. The roads and traffic junctions will be reconstructed, and a bike route and parking lots will be built there. Instead of the planned HUF 1.5 billion, 4.8 billion will be spent on the...

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The Former Köztársaság tér Has Been Renewed December 16th, 2013

The II. János Pál pápa tér (the former Köztársaság tér) located in the 8th district has been renewed. The area close to the future exit of the Metro Line 4 got a new pavement and road surface, a pedestrian bridge, a pool, a terrace and a dog-walking area was built, and tables and benches were placed on the square. The renewal of the II. János Pál pápa tér located in the 8th district has been finished. The pavements and road surfaces lining the former Köztársaság tér were reconstructed...

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