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 High-street retail rental prices are around 1020 EUR/m2/year in Budapest. The market has shrunk over the past years. According to the latest quarterly report of CBRE this is the reason there are exceptional opportunities in Hungary, attracting the attention of investors throughout Europe. The most expensive cities in Europe are of course London with 8843 EUR, and Paris with 8820 EUR. New York stands at 24,944 EUR/m2/year, with a number of new stores opened in 2012. Hong Kong leads the list with prices 150% higher than New York City. more » The British Embassy supported an international seminar organised in Budapest to discuss the latest developments and technologies in green building. more » 1,186 foreigners received permits to buy Hungarian property during 2012, say official sources. By far the largest group of new foreign owners, 445, are Russians, the next largest segment are Chinese citizens, comprising 150 buyers, and Ukrainians accounted for 128 of the overall total. more » The villa districts 2 and 12 in the Buda hills are the most expensive districts, both in terms of wealthy neighborhoods and square meter prices. District 12 leads in terms of income, meaning here is the highest concentration of wealthy residents. District 2 on the other hand boasts the highest square meter prices in the city. more »|
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