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

The City Centre Can Turn into a Commercial Centre Again October 25th, 2013

The program series called “Will Be Back Soon” continues. Within the confines of the program the leaders of the city would like to get the empty shop spaces be used again, and lure the consumers back to the city entre. The aim of the program is to make the centre of Budapest a commercial centre again. The next chapter of the program series called “Will Be Back Soon” is about to start. Within the confines of the project the city leaders would like to solve the problem of the empty shop spaces...

The renewed Franz Liszt Academy of Music was opened on the 22nd October. The building was reconstructed by more than 1000 people, including more than 100 revivalists. The building located at Liszt Ferenc tér was opened with a festive concert. The renewed Franz Liszt Academy of Music was opened on the 22nd of October with a festive concert. The building of the academy was reconstructed by more than 1000 people. The project cost HUF 13.2 billion, of which HUF 11.829 billion was covered by EU resources....

Budapest was chosen the second best city of the world by the readers of an US travel magazine. The Hungarian capital was only taken over by the Mexican city San Miguel de Allende. The tourists visiting Budapest are most impressed by the city’s famous buildings, the entertainment opportunities and the fine foods. According to the recently published list of US travel magazine Condé Nast Traveler Budapest is the second best city of the world after the Mexican San Miguel de Allende – the Hungarian...

A luxury villa in Sóskút got the prize of the most beautiful house in Hungary in 2013. A weekend-house near Balaton and one in Kővágószőlős got Special Prizes. The villa won the prize thanks to its tidiness and functionality and the weekend-houses for their ability to merge traditions with modernity. A luxury villa located in Sóskút, Pest County became the House of the Year in 2013. The house evocating the compactness of the rural architecture was built by the plans of architect Tamás...

The renovation of Népliget is to begin in 2014. The aim of the development is the locals to be able to practice sports or other outdoor activities there safely. Thus after the constructions are finished, the park will be surrounded with a fence, closed for the nights and guarded by security 24/7. The football club Fradi’s training centre will be also renovated in 2015; new sport fields will be built. The renovation of Népliget (People’s Park) is to begin next year. The purpose of the investment...

Renovated properties have been sold for 20-40 percent more this year than those that require renovation. So the owners are better renew their house or apartment before they try to sell it. Replacing old wires, windows or doors can easily raise the value of a property. Although it’s not for sure the money the owner of the house spent on renovating will come back, on average the buyers are willing to pay much more for a renovated apartment than for one that is old and is not in a good shape. In...

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

The City Centre Can Turn into a Commercial Centre Again October 25th, 2013

The Renewed Academy of Music Has Opened October 25th, 2013

Budapest is the Second Best City of the World October 25th, 2013

The Most Beautiful Houses in Hungary October 18th, 2013

Népliget Is to Be Renewed October 18th, 2013

Renovated Properties Are Sold for 20 Percent More October 18th, 2013