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

Budapest Re-development and Renovation Continues Apace May 31st, 2013

If you have been visiting Budapest for the last number of years you will no doubt have noticed the amount of renovation or restoration that has been going on. Most of Andrassy Avenue has now been restored to its former glory, and has rightly reclaimed its place as one of the world's most beautiful avenues. Similarly the Danube panorama in Budapest has again got to be one of the most spectacular river panoramas in world, rivaled only by Paris and Prague. Budapest regulars will also notice that recently...

For the first time in months the Hungarian currency has strengthened to below the HUF 290 / 1 EUR level. As of today's writing the forint stands at HUF 286 to the euro. This is the strongest rate the currency has been at this year. So perhaps good news for those who are selling properties. Earlier this year the currency had dropped to around HUF 310 / EUR 1. Essentially meaning that if you sold a property for 13 million forint in March you would have received approx. EUR 41,000, however if you sell...

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. A positive trend of foreign property ownership was recorded as around only 1,000 foreigners bought real estate in Hungary during 2011. In previous years Irish citizens were among the top buyers of property in Hungary. ...

Tower-International has launched the latest version of its innovative Tower 365 service, but this time direct to your mobile. Tower 365 is Tower's unique online information system for owners of property in Budapest. Marton Szikora, managing director of Tower says that taking Tower 365 to mobiles represents a new level of customer service for property management firms. "At Tower we feel we provide the most efficient and ethical management service in Budapest. And giving clients full visibility of...

Refer a friend or someone from your family who currently owns a property in Budapest and have 2 memorable nights in downtown Budapest! Should the referred person sign up for our Property Management service, we provide the accommodation for your next Budapest trip.

Hervé Morin, a French-American business consultant, had to look for quite a while before he found his investment bargain in December 2011. “I knew it was time to put money in real estate,” but, he said, he could not decide on which appealing segment of the Hungarian capital’s property market to place his bet — from high-end family homes to pied-à-terre in the city center. Mr. Morin ended up selecting an 87-square-meter, or 936-square-foot, residence near Deak Square, in the very heart...

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

Budapest Re-development and Renovation Continues Apace May 31st, 2013

Forint stabilizing, but for how long? May 31st, 2013

Russians are now Top Foreign Buyers of Real Estate in Hungary May 31st, 2013

Tower goes Mobile May 31st, 2013

2 Nights in Westend Hilton Hotel Budapest***** for Free! May 31st, 2013

New York Times: Investors Are Making Their Way Back to Budapest March 18th, 2013