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Tuesday 23 Jan 2018
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Opera House Closed For Restoration
The Hungarian State Opera’s 2017/18 season will get off to an unusual start, since the Opera House will not be opening its doors in September. The modernisation means that the season will start at the Erkel Theatre, and while there will be fewer programmes than usual, their diversity will match that of previous years. The Opera Visit, the Opera Shop and the Opera Café at the Opera House are still open to the public. more »
Starwood Capital Acquires Sofitel Budapest For EUR 75 mln
Starwood Capital Group, a private investment firm headquartered in Greenwich, Connecticut, on Friday said it had acquired the Sofitel Budapest Chain Bridge Hotel from Orbis Hotel Group for EUR 75 million. The acquisition is subject to regulatory approval. more »
PMO Orders Várkert Bazár Renovation
The Prime Minister’s Office has ordered a renovation of the Várkert Bazár, the exhibition and convention centre at the bottom of the Buda castle in the First District in Budapest, due to water leaking into the building, Népszava reports. more »

Government Home Purchase Subsidy Scheme Has Helped 240,000 People So Far


Government Home Purchase Subsidy Scheme Has Helped 240,000 People So Far
The government’s family home creation subsidy scheme (csok) has provided assistance to about 240,000 people so far, state secretary of the Prime Minister’s Office Csaba Dömötör said on Saturday. more »

Study Links Flat Rental Prices To Salaries


Study Links Flat Rental Prices To Salaries
Furnished housing aggregator Nestpick has released the 2017 Furnished Apartment Index, detailing the costs of both furnished and unfurnished apartments around the world, including in Hungary. The results also show the minimum salary needed for an individual to afford an apartment. more »

Home Price Gap Hinders Mobility


Home Price Gap Hinders Mobility
In some parts of Budapest the average home price rose by 84% over the last five years while the increase was 50% in Gyõr-Moson-Sopron county; in poorer regions, however, homes remain inexpensive, Népszava said on Wednesday. more »



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