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Monday 13 Feb 2012
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Mortgage Scheme Boosts Home Sales In Hungary
"Home sales reached 8,700 in December, 35% above the monthly average for January-October, according to estimates by estate agency Duna House. The number of transactions was boosted by the early repayment scheme for foreign-currency mortgages, due to forced sales, the agency observed. more »

Wallis Offers Building Back To The Hungarian State


Wallis Offers Building Back To The Hungarian State
"WVR Primus on Tuesday announced that it is prepared to sell the former Magyar Posta headquarters in Buda back to the state at the original purchase price “if the state has incurred any losses by selling the property”. more »

Hungarian County Court Voids Contract On Sukoró Project Land


Hungarian County Court Voids Contract On Sukoró Project Land
"Fejér county court voided the contract on a swap of land connected with the planned King’s City casino project. The lawsuit had been initiated by the state asset manager MNV in 2009 against Israeli-Hungarian businessman Joav Blum, asking the court to void the swap of land. more »

New State Property Manager Reveals Plans For Helping Foreclosed-On Homeowners In Hungary


New State Property Manager Reveals Plans For Helping Foreclosed-On Homeowners In Hungary
"State property manager NET will commence its operations from January 1, 2012. The first clients should receive notifications from banks that their homes have been selected for enforced sale in the first quarter after January 15, but will also be told that they may qualify for the social home tenancy programme when the state buys their homes. more »
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