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Thursday 24 May 2012
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Construction Sector In Deep Recession In Hungary
The downturn in the construction industry continued as output in March contracted 12.6% year-on-year, the Central Statistics Office KSH announced. Compared to February output was up by 0.1%. In the first three months, the sector's performance shrank by an annualised 11.6%, according to the KSH data. more »

Xploring Budapest Landmarks: The Károlyi Palace


Xploring Budapest Landmarks: The Károlyi Palace
In 1928, the capital bought the building – located at 1053 Budapest, Károlyi Mihály utca 16. - for 5 million pengős (the Hungarian currency until 1946) as a worthy place to house the collection of the Budapest Picture Gallery. The private palace was turned into a public building and stripped of everything that was thought not to be in keeping with this: its textile hangings, chandeliers, wall-mirrors, fireplaces and movable property were all removed. more »

Appeninn Holding Buys Historic 1848 Office Building In Budapest’s District V


Appeninn Holding Buys Historic 1848 Office Building In Budapest’s District V
"Appeninn Holding has purchased a historic 3,720 sqm. building at Mérleg u. 4 in Budapest’s Fifth District, the property manager announced. The office building designed by József Hild was erected in 1848. Current occupancy is 90%. Appeninn, which specialises in B-category office buildings, is planning further acquisitions in the second quarter. “Our goal is to double total assets,” said president Gábor Székely." more »

1% Home Price Rise Reports Duna House Hungary


1% Home Price Rise Reports Duna House Hungary
This 1% is the first price increase for home owners in 1.5 years, according to the report published yesterday by a leading Hungarian real estate firm. Prefab residential properties in Budapest's north-western section were the highest, with a price tag of HUF 274,00 per square meter based on the Quarter 1 figures. more »
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