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

A Huge Tropical Entertainment Park is to Be Built in Budapest October 10th, 2013

A Huge Tropical Entertainment Park is to be built in Budapest, in the place of the Amusement Park, which was finally closed on the 30th September. The future Pannon Park will present animals that used to live in the territory of today's Hungary thousands of years ago. An aquarium, a tale park, an adventure park, a bird hospital and a riding hall are also to be built here. The Amusement Park of Budapest was finally closed on the 30th September after 175 years of operation. The 6.5-ha area now belongs...

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Bad Apartment Photos Scare Potential Buyers Away October 10th, 2013

Browsing real estate advertising websites we often find poor quality or unattractive photos, which are not able to show the advantages of the advertised property. Unattractive photos can easily scare potential buyers away, so it’s difficult for the owner to sell the property even if it’s in a good state with a great location.  Real estate advertising websites and homepages of real estate agencies are full of poor quality or unattractive photos. The advertisements are illustrated with photos...

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Constructions at Erzsébet tér Continue October 10th, 2013

he constructions of the Erzsébeti téri Kulturális Központ és Park (Erzsébet tér Cultural Centre and Park) continue. The 2nd part of the investment is to be finished in half a year. The project costs HUF 2.5 billion. The cultural centre will be extended with a concert hall and another facility for social, sport and cultural events. The constructions of the Erzsébeti téri Kulturális Központ és Park (Erzsébet tér Cultural Centre and Park) are about to continue. According to the plans...

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Római-part Can Get a New Look October 4th, 2013

Római-part can get a new look based on plans of university students. The Round Table Association of Real Estate Developers started a contest called Római Part 2100, and is waiting for usable ideas. The purpose of the contest is to further increase the popularity of Római-part. The students of the chosen 6 universities can apply with their plans until November 2013. The Round Table Association of Real Estate Developers started a contest called Római Part 2100 at the 24th September 2013, and encourages...

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The Hungarian State Is Getting the Citadel Back October 4th, 2013

Since the actions of the private companies managing the usage of the Citadel didn’t meet the requirements of the World Heritage Site laws, the Hungarian state takes the monument back. The Citadel was originally a fortress, which was built in 1894 in commission by the Habsburgs. The monument was pronounced a World Heritage Site in 1987. According to a regulation made at the beginning of October 2013, since the currant usage of the Citadel didn’t meet the requirements of the World Heritage Site...

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The Most Expensive Property in Buda Was Bought by Russians October 4th, 2013

The most expensive property in Buda, the Akadémia Park in the 2nd district and the two office buildings located there were bought by a Russian investor. A separate city centre with entertainment and sport facilities was to be built at the 12.6-ha area, but the investment hasn’t been realized. The new owner, who paid HUF 10.1 billion for the property, would like to continue the construction. A Swedish project company owned by a Russian investor bought one of the most expensive properties in Buda,...

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