Real Estate Market News from Budapest, Hungary Browse dozens of articles on property prices, trends, facts and other useful information for investors and home buyers in Budapest.

Brazilian students love Hungary March 11th, 2014

These days, countless students around the globe decide to choose the opportunity to spend a few months or years not with studying in their home country, but to gain knowledge and experience abroad. People of every nation tend to think that they are more hospitable than their neighbors, their forests more dense, buildings fancier, rivers flowing more beautiful, and that foreign people tend to like their country more accordingly. But in the case of Hungary, this is often not an illusion of unjustified…

The 6-Storey Swimming Palace Built by 2016 Will Be the New Spectacle of Budapest March 6th, 2014

A new 6-storey swimming palace is to be built for the 2021 World Aquatics Championships and the 2017 World Junior Swimming Championships at the north side of the Dagály Baths. The new, 25-square-meter complex is to be ready by 2016, costs HUF 8 billion, and according to the expectations will be a new spectacle of Budapest, and determine the landscape at the banks of the Danube. The visuals of the swimming complex to be built for the 2021 World Aquatics Championships and the 2017 World Junior…

IKEA Launches a New Budapest Store and a Webshop March 6th, 2014

A new IKEA store is to be opened in Hungary. The Swedish furniture store chain opens its new store in Budapest, in the 23rd district. And according to the plans, from 2016 online shopping also will be available, with home delivery.The newest Hungarian IKEA store opens in the 23rd district of Budapest. This will be the 3rd store after the one in the 14th district and the one in Budaörs. The Swedish furniture company told the press on the 8th February that they are planning to build their 3rd Hungarian…

Thanks to the Metro Line 4 the Property Prices Can Go up by 80 Percent March 6th, 2014

Metro Line 4, which is to be opened in March, helped to increase the property prices of the area. Although of course the reconstructions and the development of the public places in the neighborhood also played some part in the increase, it’s a fact that near 2 stations of the future line the price of the properties increased by 80 percent.The Metro Line 4 is to be opened in March. With the beginning of the constructions the guessing also started how big influence the new line will have on the property…

New Developments at the Banks of the River Danube February 16th, 2014

An international conference was held in Budapest with the theme of the development of the banks of the river Danube. The aim is to use the areas at the banks of the river, for which several developments are necessary. A lot of projects were realized in the past 3 years, and further ones are planned.An international conference was organized in Budapest by the Hungarian City and Land Developers’ Association in the confines of the Danube Strategy program. The aim of the conference titled Danube Pearls…

Troubles with the Condominium Management? - A reason to look for a good Property Manager February 16th, 2014

Those apartment owners who are not satisfied with their joint representative, can ask for help from the local notary from February. Most owners have problems related to common expenses, and others with the lack of tenants’ meetings or the inappropriate environment.From the 1st of February those apartment owners who are not satisfied with their joint representatives, can ask for help from the notary to solve their problems. According to the information provided by the National Federation of Associations…

It's worth to Invest in Hungarian Property February 16th, 2014

2014 is expected to be a good year for the investors: the number of those who are interested in buying property increased by 10 percent. Mostly indoor garages and apartments in panel buildings are in demand. Most buyers apply for a loan unlike last years, when paying with cash was more common.The Hungarian real estate market had a good start in 2014: the number of those who are interested in buying property increased by 10 percent. The growing interest is partly thanks to the favorable loans, the…

Futuristic Office Complex Is to Be Built at the Terminal of the Metro Line 4 February 16th, 2014

A new office complex called Budapest One is going to be built in Őrmező. The future office buildings located at the Kelenföld terminal of the Metro Line 4 will be the most modern office building in Budapest. The 8-storey, 130-thousand-square-meter building will provide a 65-75-thousand-square-meter office space to rent.A new office complex is to be built at the Kelenföld terminal of the Metro Line 4. The building called Budapest One is developed by Futureal and its plans are made by Mérték Constructions…

It's Worth for Multinational Companies to Get a Budapest Office February 16th, 2014

It's worth for multinational companies to move their offices to the Hungarian capital. Great opportunities lie in the Hungarian office market, since the investors can get cheap and skilled workforce, cheep offices and great traffic opportunities in a constantly developing metropolis.According to the economic studies the Hungarian office market has a great potential, so it’s really worth for multinational companies to rent an office in Budapest, because they can get cheap and skilled workforce, cheap…

Luxury Brands Stand in Line for a Store at Andrássy Út February 16th, 2014

Andrássy út is getting even more popular amongst luxury brands: currently 8 fashion brands are waiting for to be able to open a store there, but the street is full, thus they can only have a place for a store if one of the current ones closes.The main street of the luxury brands, Andrássy út became so popular, that the new brands who are claiming a store there have to wait. Currently 8 international fashion brands are standing in line to be able to open a store there, but the street is full, so…

Lettings Market Update from Tower International February 13th, 2014

Local demand is driving the residential rental market. There is a slow increase in rental prices.We have experienced a slight increase in demand for rental properties compared to the same quarter of the preceding year (Q4, 2012).  This had a positive effect on the number of new rental contracts and resulted in shorter turn-around/vacancy periods for average rental properties. In some cases, this has also allowed for minor rent increases for landlords with long term tenants in place. The driving…

2014 Will Be the Year of Rebirth in the 8th District January 31st, 2014

2014 will be the year of rebirth for the 8th district of Budapest: the reconstructions in process continue, some new are to be started, and some old are to be finished. The 3rd part of the renewal of Magdolna Quarter is also to be continued, and could be ready by the end of the year. In Józsefváros 2014 will be the year of rebirth. Several new projects begin, the current ones continue, and some of them will be finished. The biggest investment of the district, the third part of the reconstruction…

Constructions on Móricz Zsigmond körtér to Be Finished in March January 31st, 2014

According to the newest plans the reconstructions of the Gomba (“Mushroom”) on Móricz Zsigmond körtér are to be finished by March. The works should have been finished by the 28th February; a part of the square was ready in December, but the reconstructions of the monument are still to be finished.The reconstructions of the monument called Gomba (“Mushroom”, named after its shape) on Móricz Zsigmond körtér are to be finished by the 20th March, despite to the deadline (fall of 2013, and later February…

Hungarians Love Their Home, and Are Unwilling to Move for a Job January 31st, 2014

According to a survey Hungarians stick to their homes: they are unwilling to move, even if they got a new job at the other side of the country. The rates of the opened positions are uneven, but despite moving for a job doesn’t have a tradition in Hungary, partly because of the big difference among the real estate prices of the counties.According to the results of a survey of a job search site Hungarians are not likely to move to another county for a new job; they cling to their current homes. The…

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 National…

Spanish News Portal Labeled Gellért Baths the 3rd Most Beautiful Bath of the World January 30th, 2014

The leading Spanish economic news portal, El Economista created the list of the 5 most beautiful baths and pools of the world, and gave the 3rd place to Gellért Baths. The Hungarian bath took over an Indian and a Singaporean one. In the article the news portal introduced to the readers not just the baths itself but the Hungarian capital as well.In the past few months world press introduced Hungarian baths several times. At the end of 2013 American CNN and British Guardian mentioned them, and the…

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…

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…

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…

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 work…