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Tuesday 23 Jan 2018
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Ghost Hotel Of Budapest’s Rózsadomb To Be Replaced With An Even Taller Luxury Apartment Building
New information was released about the renovation of the currently abandoned building of the former SZOT Resort on Rózsadomb (Rose Hill). News site Hvg.hu has discovered that the BVA (Budapest World Heritage Foundation) is considering filing a lawsuit, as the new building would be even taller than the former resort. more »
Construction Sector Output Jumps 23.8 Pc In September
In September 2017, output volume in the construction sector grew by 23.8 percent year-on-year. Besides the Government’s housing measures, the sector’s robust expansion has also been the result of private and public sector projects. more »
Residential Property Market Upswing Continues
The housing market in Hungary shows signs of change: although the number of sold residential properties has decreased, prices have continued to climb. The new homes market is booming. more »

Gov’t Expands Clemency Period For Evictions


Gov’t Expands Clemency Period For Evictions
Parliament recently modified the law on evictions, expanding the winter ban on evictions of December to February to November 15 to April 30, president of the court-appointed receiver association György Schadl told Magyar Idõk. more »

KSH: New Home Prices Up 8.2% In Q1


KSH: New Home Prices Up 8.2% In Q1
Average new home prices rose by 8.2% in the first half of 2017 while the price of resale homes increased 9.3%, according to a summary of data published by the Central Statistical Office (KSH). Prices for new homes have risen for four and a half years in a row for new homes and for three and a half years for resale homes. more »

Owning Property Tops Savings Priority List Of Young Hungarians


Owning Property Tops Savings Priority List Of Young Hungarians
More than half of young people save on a monthly basis in Hungary, but they have a completely different priority list to their European counterparts in terms of savings, a report by credit management services firm Intrum Justitia reveals. more »



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