Budapest showcases its strengths at MIPIM
Budapest was among the 50+ cities that showcased its strengths and potential to real estate professionals at MIPIM 2017 with an emphasis on new developments and investment opportunities. Two panel discussions were held during the first two days of the event, both of them moderated by Portfolio Property Forum, the media partner of the Budapest stand. Here are some takeaways from the first two days in Cannes.
The panel members had rather conservative hopes for the future of Budapest’s cityscape. They believe that the city’s historical architecture should not be mixed with modern high rise buildings and that skyscrapers should only be built in the outer parts of the city. They also cited issues related to zoning plans among the points to be made against skyscrapers in Budapest.
Budapest is renowned for its cheap prices among party tourists, but it hasn’t fully established itself as a business destination. Luckily, this perception is changing and new developments, such as the planned new Congress Centre, will help attract more business travellers to the capital.
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