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

The Most Expensive Luxury Apartment in Budapest August 26th, 2013

The most expensive luxury apartment in Budapest is located in the Buda Castle Quarter, and is for sale for HUF 2.04 billion. The 2-storey, 600-square-meter penthouse, which used to be 4 separated apartments contains 5 bedrooms, 9 bathrooms, 2 kitchens, a separate guest apartment, an office, an infrared sauna, a bar, a pool table and 6 parking spaces. The most expensive luxury apartment in Budapest is located in one of the most elegant metropolitan area, in the Buda Castle Quarter. It is for sale...

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The Historical Millennium Underground Railway August 7th, 2013

The Millennium Underground Railway of Budapest - or the 'Little Underground' as the locals call it - was built in 1896 as the first European continental underground line. The 4.4-km-long line connecting Vörösmarty tér (5th district) and Mexikói út (14th district) has been functioning since, without any major problems. The first European underground steam railway was built in London in 1860-63, but the first continental one was the Budapest underground. The motor railway was taken into use on...

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Reconstruction of Dunakorzó Is to Begin in September August 7th, 2013

Besides the reconstruction of Kossuth tér and Ferenciek tere another renovation project takes place in the city centre. Dunakorzó and Váci utca are the next ones to be redone. The constructions begin this fall and expected to be finished by next March. The project costs HUF 4 billion. This fall another reconstructions begin in Budapest: after Kossuth tér and Ferenciek tere Dunakorzó (on the bank of river Danube), Váci utca and its bystreets, Molnár utca, the Olimpics Park, Balassi utca, Falk...

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Rental Market Blooms, Prices Are Still Dropping – This is the right time to invest in Budapest! August 7th, 2013

The end of summer has come, and the renting market blooms, since a lot of university and college freshmen are looking for an apartment for rent from September. Thus for those who're planning to buy an apartment as an investment, it's worth to look around at the market now. Especially, since the prices have dropped even lower: now it's easier to get an apartment than any time in the past 13 years. Those who have an apartment they don't use as an own habitation, can sublet it easier at the end of...

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Two Chinese Hotels Are Built Based on a Hungarian Model August 2nd, 2013

The Hungarian wellness hotels are popular abroad: two new Chinese hotels use the Hungarian model for their construction, and the health supplies used for the spa and medical treatments will be provided by Hungary, too. Wellness hotels are a relatively new kind of service in China. Two Chinese wellness hotels are built based on a Hungarian model, one in Beijing and another one in Taiwan. The models are the Carbona Hotel in Hévíz and the Spirit Hotel in Sárvár, and the health supplies used for...

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Budapest Landlords! We are in the middle of the rentals high season - Get your property rented now! August 2nd, 2013

This is the best time in the year to find a good tenant in to your Budapest property. Is your property vacant? Will your current tenant leave the apartment within a month? We are ready to rent out your apartment! Clirck here to register Why Tower? • Professional English and Hungarian Websites • Using other popular local sites • Strategic relationships with universities (CEU, ELTE) • Database marketing (pro-active presentation of your apartment to clients looking for similar type of properties)...

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