http://xpatloop.com/http://www.xpatloop.com/images/cms/xs_logo.gifhttp://xpatloop.com/property_real_estateXpatloop.com - Expat Life In Budapest, Hungary - Real Estate© XpatLoop.com 2007en-ENinfo@xpatloop.com"Levante Jancovics is one of these ordinary citizens, trapped in a financial nightmare. The slightly unkempt 42-year-old teacher - with shaggy Jerry Garcia hair and beard - lives in Budapest, the Hungarian capital, in a chilly two-bedroom flat amid a labyrinth of communist-era, cement high-rise apartments."http://www.xpatloop.com/news/69335Wed, 01 Feb 2012 01:00:00 GMT"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.http://www.xpatloop.com/news/69059Thu, 12 Jan 2012 11:30:00 GMT"The Hungarian capital city Budapest has been named as number one on a ranking of the top 20 places in Europe to invest in property. The chart, by the Global Property Guide, was reported by the UK’s Daily Telegraph and quoted by Bulgarian television station bTV on January 4 2012."http://www.xpatloop.com/news/69070Wed, 04 Jan 2012 01:00:00 GMT"Hungarian Prime Minister Viktor Orban said 87,000 borrowers have so far repaid their foreign- currency mortgage in a lump sum at below market prices and another 178,000 have indicated they want to do so."http://www.xpatloop.com/news/69023Fri, 30 Dec 2011 01:00:00 GMT"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”.http://www.xpatloop.com/news/68975Wed, 21 Dec 2011 09:00:00 GMT"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.http://www.xpatloop.com/news/68938Mon, 19 Dec 2011 09:00:00 GMT"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.http://www.xpatloop.com/news/68889Tue, 13 Dec 2011 09:00:00 GMT"By the end of November 54,560 mortgages to the value of Ft 248.4 billion had been fully repaid within the framework of the foreign-currency mortgage early repayment scheme, the financial supervisory Pszáf announced on its website. The market value of these loans, calculated to actual exchange rates, was Ft 338.9 billion. Applications can be filed until December 31.http://www.xpatloop.com/news/68855Wed, 07 Dec 2011 09:00:00 GMT"Construction-industry output was down 12% year-on-year in September, following a 12.3% decline in August, reflecting a continued slump in the sector, the Central Statistics Office (KSH) announced. The stock of new orders was down 39.1% year-on-year at the end of September, compared with the 32% annualised decline earlier in the year. Sector output dropped 10.6% from January-September and the industry looks set to post its sixth consecutive year of declines.http://www.xpatloop.com/news/68725Tue, 22 Nov 2011 09:00:00 GMT"The cabinet intends to spend Ft 1.8 billion on renovating the Erkel Theatre, Opera House commissioner Szilveszter Okovacs said. The figure will be officially announced in early December when the centenary of the Eighth District auditorium will be celebrated.http://www.xpatloop.com/news/68638Thu, 10 Nov 2011 09:01:00 GMT"The priceless treasure of this Romantic building which underwent a Secession refurbishment are the 150 year old, generously carved pews. The Jewish community of Vásárhely built its first Romantic-style synagogue in 1853.http://www.xpatloop.com/news/67910Thu, 03 Nov 2011 09:00:00 GMT"Twenty years after the regime change, Hungarians still do not care much for public property. A left-wing columnist blames the lack of public concern for public goods on the still prevailing heritage of “state socialism”.http://www.xpatloop.com/news/68437Wed, 12 Oct 2011 09:00:00 GMT"Roughly 20%, or around 150,000 mortgage debtors will be able to repay their foreign-currency mortgage loans under the government’s fixed-rate scheme, according to a poll by market researcher TNS Hoffman. Almost twice that many, 36%, had indicated that they would be interested in taking part in the plan.http://www.xpatloop.com/news/68297Thu, 29 Sep 2011 09:04:00 GMT"The arcaded Baroque building of the Cistercian abbey was built by Martin Witwer at the beginning of the 18th century. There is a museum and a heritage library in the building.http://www.xpatloop.com/news/67899Mon, 19 Sep 2011 09:00:00 GMT"Austrian Chancellor Werner Faymann decried Fidesz's plan to force banks to cover the cost of early repayments of foreign currency mortgages below the market rate, after the Austrian cabinet meeting on Tuesday.http://www.xpatloop.com/news/68195Wed, 14 Sep 2011 09:00:00 GMT"Awarded the Europa Nostra Award in 1995, the several hundred year-old building complex of the Szántódpuszta farmstead is a faithful guardian of Hungarian agricultural history. Displaying other treasures of culture and civilization as well, it provides an excellent opportunity for relaxation.http://www.xpatloop.com/news/67898Mon, 12 Sep 2011 09:00:00 GMT"Over 100 people protested outside the József Nádor tér headquarters of the Bank Association on Friday, drawing attention to the plight of those who took out mortgage loans in foreign currency. The demonstrators surrounded the building in a human chain.http://www.xpatloop.com/news/68083Tue, 30 Aug 2011 09:00:00 GMT"The secession Orfeum Music Hall building was finished in 1894 and was designed by the famous Viennese architects Fellner and Helmer. It was later converted, but the building still evokes the era of the birth of the operetta.http://www.xpatloop.com/news/67895Mon, 22 Aug 2011 09:00:00 GMT"Designed by Miklós Ybl, this neo-Renaissance-eclectic building was built between 1875 and 1879. The lightly structured main section is two storey and has turrets and a covered terrace. The loggia corridor connects it to the outbuilding.http://www.xpatloop.com/news/67894Fri, 19 Aug 2011 09:00:00 GMT"Socialist chairman Attila Mesterházy called on Prime Minister Viktor Orbán to cut short his summer holiday and convene a cabinet meeting to discuss the unfolding economic crisis. Mesterházy urged Orbán to sign a new agreement with the Banking Association and hold further talks with representatives of debtors and local councils.http://www.xpatloop.com/news/67979Mon, 15 Aug 2011 09:00:00 GMT