Property Market News from Budapest, HungaryStay up-to-date on the property prices and real estate market trends in Budapest.

Ballet Academy’s Building is Planned to Be Reconstructed into a Luxury Hotel September 9th, 2013

The Portuguese owner of the building located on Andrássy út that was once home for the Hungarian Ballet Academy has had a declaration of willingness signed by Zara Invest AG to buy the property. The owner-to-be is planning to reconstruct the building into a five-star hotel. The current owner of the building located on Andrássy út that was once home for the Hungarian Ballet Academy, the Portuguese QPR Investimentos S.A. and the future owner, Zara Invest A.G. signed a contract. Zara Invest...

A new traffic centre is about to be built in Debrecen. The 43-thousand-square-meter complex is going to contain a railway and a bus station, several offices, retail and catering facilities, and its building will cost HUF 17 billion. The construction of the complex in the university city is to be realized in the 2014-2020 EU budget period. A new traffic centre is planned to be built in Debrecen. According to the plans the construction of the centre is to be realized in the 2014-2020 EU budget...

A new luxury shopping centre is to be opened at Andrássy út at the beginning of September. Visiting the store called Il Bacio di Stile, owned by Docler Holding the customers can browse amongst the products of the most renowned designers. Thanks to the investment the iconic boulevard, which is one of the World Heritage Sites, will allure even more tourists to the neighborhood. According to the plans the new luxury shopping center of Budapest, Il Bacio di Stile („The Kiss of Style”) will...

Those financially well-off university or college students, who live in the country, but study in Budapest, and who neither could rent an apartment nor got a place in the dorm, can stay in a premium-category private dorm during their studies. For the dorm rooms constructed from apartments the students have to pay a monthly HUF 24-40 thousand. There’s a new trend in the real estate market: premium-category private dorms were built in Budapest. The owners would like to reach the financially...

Thanks to the past 3 years' government actions Hungarian economy now shows an increasing trend. With paying the IMF loan back before it was due the country proved it is economically independent and capable of financing itself. This fact is even more remarkable knowing the county has come out of the crisis in a technical sense as well. According to the words of Minister of State for Taxation and Monetary Affairs Gábor Orbán Hungary's economic politics are heading the right direction, no structural...

According to the plans, Metro Line 4 can be tested by passengers next spring. The stations will be tested in September, the metro cars in the end of the year (without passengers), the escalators will be ready by next February, and finally in March the future passengers can travel on the new Metro. According to the plans, the railcars of the new Metro Line 4 set off for their first ride with passengers on the 31st March 2014. Journalists have already had the opportunity to test the cars at the end...

Property Market News from Budapest, HungaryStay up-to-date on the property prices and real estate market trends in Budapest.

Ballet Academy’s Building is Planned to Be Reconstructed into a Luxury Hotel September 9th, 2013

17-Billion Investment in Debrecen August 30th, 2013

A Luxury Shopping Centre is to Be Opened in Andrássy út August 30th, 2013

Living in Luxury During the Studies August 30th, 2013

Hungarian Economy Shows an Increasing Trend August 26th, 2013

Metro Line 4 Will Be Ready by Next Spring August 26th, 2013