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.

​Reconstructions at Chainbridge Began May 26th, 2014

The reconstruction of Lánchíd utca running in front of the newly renovated Castle Bazaar started at the end of April. The constructions cost HUF 1.6 billion are expected to be finished at the end of August. In the confines of the reconstruction the street gets a new pavement and lamps, and a bike line also will be built.The reconstruction of Lánchíd utca running in front of the newly renovated Castle Bazaar, from Clark Ádám tér towards Elisabeth Bridge started in the morning at the 29th of April…

These Are the Most Beautiful 100-Year-Old Houses of Budapest May 26th, 2014

There are a lot of beautiful buildings in Budapest that have worked as an exciting sight for the locals and the tourists for 100 years. But usually we don’t pay attention to them, since we are always in a hurry, although they are worth to take a couple of minutes off. Within the confines of the project called “Budapest100” visitors could enjoy the sight of these buildings, such as the Petőfi Barrack or the houses built in 1914 located on Bartók Béla út, Práter utca, Szilágyi Erzsébet fasor, Szemlőhegy…

Budapest in the Top 20 Conference Locations May 19th, 2014

Budapest got the 17th place on the list of the most popular meeting places of the world. On the top 20 list of the International Congress and Convention Association amongst others Budapest overtook Beijing, Rome or Bangkok. Paris became the most popular city and the United States the most popular country.Finishing 3 places better than in last year, Budapest got the 17th place on the top 20 list of the most popular meeting places of the world of the International Congress and Convention Association…

Foreign Investors Are More Interested in Hungarian Property May 19th, 2014

Foreign investors are more likely to buy Hungarian property: last year they bought more real estate than in 2011 and 2012. In 2013 1267 transactions were realized; the most investors came from Russia. Budapest properties and amongst them apartments and houses were the most popular, but the investors also bought farms in Hungary.Foreign investors are more and more interested in Hungary: compared to 2011’s 1069 and 2012’s 1110 in 2013 they bought 1267 Hungarian properties. In 2011 1120, in 2012 1186…

3rd Shift Launches in the Mercedes Factory in Kecskemét May 12th, 2014

The 3rd shift was launched in the Mercedes Factory in Kecskemét at the beginning of May. The number of the employees of the factory now reached 3500; the training of the new workers has already been finished. From now on the factory, which has become one of the most popular employers of the region, is manufacturing cars 24 hours a day.The 3rd shift was launched on the 5th May 2014 in the Hungarian Mercedes-Benz factory in Kecskemét; thus the plant is now manufacturing cars 24 hours a day. The number…

​Property Market Was Very Busy in March May 12th, 2014

More apartments were sold in April 2014 than in the same period of last year; but in March the number of transactions was even higher. This year already 28500 apartments have got a new owner; this number is 11 percent higher than it was in the same period of 2013. At some areas of the country property prices even increased a bit.A high number of transactions were realized at the property market in March 2014. In April a little less apartments found their new owners, but the number is still higher…

​Would You Move In this HUF 550-Million Apartment? May 12th, 2014

There is a 660 square-meter apartment for sale in the city center, in the 5th district waiting for its new owner – who has to pay HUF 550 million for it. The apartment is in a brick house, with a wonderful view to the Danube. The house and the apartment that occupies its whole 2th floor are both renewed.A premium-category apartment is hidden in the city center, which is currently for sale for HUF 550 million. The apartment is in a renewed brick house located in the 5th district of Budapest, on Belgrád…

Transparency is Key - Tower International Meets its’ Clients Frequently April 30th, 2014

Tower has always taken a big emphasis on being transparent with its’ Clients and future partners by meeting them personally near their homes. The Hungarian experts of Tower International have visited London, Dublin, Belfast, Cork and Galway regularly in the past few years in addition to other cities in different countries in Europe.  Our representatives have held dozens of property seminars and hundreds of private meetings in order to give first hand information on the Budapest property…

​Buying an Apartment: What to Keep in Mind When Signing the Contract April 28th, 2014

Searching for our new home reading advertisements and visiting the possible apartments are only the first steps. There’s another very important part to get over with to get the house: signing the contract. But there are a few things we have to pay attention to around signing the contract if we want to avoid unpleasant surprises.After finding our dream house the next step is signing the contract: but those who are not familiar with legal procedures can easily trapped by tricky terms if they don’t…

​Budapest Zoo Became a National Protected Area April 28th, 2014

Budapest Zoo was pronounced a national protected area; the news was broken at the opening event of Earth Festival on the 22nd April. At the event it was also revealed that a new family park is to be opened at the area that belonged to the former Amusement Park.The 6-day-long Earth Festival was opened in the Budapest Zoo and Botanical Garden on the 22nd April, on Earth Day. The festival has been held there every year since 1990, and under its current name since 2008. Budapest Zoo was officially pronounced…

​Running Track on Margaret Island is to Be Renewed April 28th, 2014

Budapest residents could also state their opinions on how the running track on Margaret Island should be renewed. Up till March the Mayor’s Office received more than 1500 filled surveys: most residents would like the track to be widened, lit and surveyed by security cameras.The Town Planning Department of the Mayor’s Office invited Budapest residents to state their opinions on how the running track on Margaret Island should be renewed and what other sport facilities should be built on the island.…

​To Rent or to Buy: Which Is Better? April 25th, 2014

Before the financial crisis those who were looking for an apartment were more likely to choose buying over renting, thus the rate of owners increased on the market. But after the property prices decreased it’s more difficult to decide which is better: to rent or to buy. Real estate agency Otthon Centrum examined the financial aspects of the mentioned two 2 alternatives.It’s not easy to decide which is better, to rent or to buy, when we are looking for a new apartment. Both have advantages, and the…

​These Are the Most Popular Properties among Future Buyers April 25th, 2014

Those who buy an apartment as an investment or thinking of selling their existing one it’s worth to know what kind of properties are the most popular at the moment among the future buyers. Property market has changed in several aspects recently: loans with lower interests are available, those who develop new apartments are less likely to take risks, apartment savings accounts are more common, and energy efficiency became more important. Some areas, sizes and price categories resisted the crisis;…

​New Projects Start at the Metro Line 3 Terminal April 7th, 2014

The largest Park & Ride facility of Budapest was inaugurated at the beginning of April at the Kőbánya-Kispest terminal of the Metro Line 3, near the just closed KÖKI Terminál Shopping Center. The reconstruction of the overpass connecting Kispest and Kőbánya is to be started soon.The largest Park & Ride facility of the Hungarian capital was opened on the 2nd April in Kispest, at the Kőbánya-Kispest terminal of Metro Line 3, near the KÖKI Terminál Shopping Center. The guarded indoor parking…

​The Renewed Castle Garden Bazaar Was Handed Over April 7th, 2014

The renewed parts of the Castle Garden Bazaar were handed over at the beginning of April. The reconstruction of the building, which had been empty for the past decades, started in February 2013. The renewal of the bazaar is to be continued: its new parts are to be built, and the reconstruction is to be finished by the end of August.The renewed parts of the Castle Garden Bazaar were handed over on the 3rd April 2014 by Prime Minister Viktor Orbán. The reconstructions started in February 2013; in…

​Metro Line 4 Won an International Architecture Contest April 7th, 2014

Two stations of the newly inaugurated Metro Line 4 of Budapest won the first prize on Architizer A+ Awards, an international architecture contest. The Szent Gellért tér and Fővám tér stations won in the bus and train stations category. They got the appreciation of the audience and the jury as well.Two of the stations of the newly inaugurated Metro Line 4 of Budapest won an international competition. The Szent Gellért tér station and the Fővám tér station got the first place on an international architecture…

The Real Estate Market in Budapest March 19th, 2014

Interview with Krisztina Meszaros, Sales Manager at Tower International.What’s the current situation on the Budapest property market? The market is very active now, partly due to the time of year, Spring. There is definately a demand for good downtown properties. The buyers are primarily locals, but there are some foreign investors on the market as well.Is there any sign that shows a potential increase of property prices in the near future?Not really. You know how the ancient Chinese saying goes,…

Property Market Gets Hotter March 13th, 2014

Property market turnover highly increased in February 2014: 12 percent more properties were sold than in the same period of last year. Apartments in panel blocks and in brick houses were the cheapest in Eastern Hungary (under HUF 9 million) and the most expensive in the Buda side of the capital (over HUF 20 million).Property market turnover increased by 12 percent in February 2014 compared to the same period of last year. According to the data of Duna House real estate agency the properties were…

Now It's Really Worth to Rent Out Your Property March 13th, 2014

The number of the online property ads is highly increasing, and also the number of those who are looking for an apartment to rent on the internet. The owners get the most calls from potential tenants in Budapest and in Győr. Most future tenants call the owners by phone, but the online contact opportunities (email, Skype) are more popular as well.The number of those who are looking for an apartment, a house or an office to rent on the internet is increasing. Most of them are looking for Budapest…

City Park is to Be Renewed March 13th, 2014

The Városliget (City Park) is to be renewed: 5 new museums are to be built in the park located in the 14th district. The organizers are currently waiting for the construction plans within the confines of the Liget Budapest Project. The results of the tender are expected by the end of 2014. The new buildings will replace those that are to be knocked down.The results of the tender made for architects to create plans for the new museums to be erected in the City Park in Budapest are expected by the…