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Construction Sector Output Continues To Fall In November
Hungary’s construction sector output fell by an annual 14.4 percent in November 2016, now falling for the eleventh month in a row, data released by the Central Statistical Office (KSH) on Monday show. more »
One Of The Most Famous Thermal Baths In Hungary To Be Sold
The Rác baths in Budapest will be sold in an open tender, Sándor Börcsök, the liquidator of the companies that renovated the historic thermal baths said in Tuesday’s issue of business daily Világgazdaság. The baths’ developers were declared companies of “special strategic importance” by the government last year, which allows the possibility of a closed sale of their assets, the paper noted. more »
Thousands Of Troubled Borrowers Face Eviction
Few mortgage borrowers in default have entered into an agreement with their bank and tens of thousands could end up on the street, business daily Világgazdaság said on Friday. more »

Former Landmark Building Demolished In Budapest District 8 Under Suspicious Circumstances


Former Landmark Building Demolished In Budapest District 8 Under Suspicious Circumstances
The December 30 demolition of a former landmark building in Budapest’s District 8 at the behest of the local government made headlines after local demolition contractor Nándor Jónás verbally and physically threatened a district assemblyman and a 168 óra journalist. more »

Housing Sales Declined In 2016


Housing Sales Declined In 2016
Home sales were down 5% in 2016, to 128,400, property agency Duna House estimates. The drop is due to the boom in home construction, as new houses are sold in the construction phase and appear in the sales statistics only later, Duna House pointed out. more »

Evictions In Hungary Surged In 2016


Evictions In Hungary Surged In 2016
More than 3,100 families have been evicted from their homes since a legal moratorium on foreclosures expired in March of this year, writes online daily mno.hu. Three times as many evictions took place during the last nine months of 2016 than in all of 2012 (700) and 2013 (550) combined. more »



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