ARTICLES LABELLED WITH TAG Hungary

Real estate brokerage Duna House estimates that 9,754 residential properties changed hands, up 21% year on year, and that HUF 112 billion worth of housing mortgages were taken out in September 2024 in Hungary, more than double (+106%) of the base period's data. The number of transactions in the first nine months of the year shows a nearly 40% yr/yr increase.

Hungarian developer Faedra Group has kicked off the construction of two industrial and logistics warehouses in Budapest, covering a total of more than 21,000 sqm, following an investment of more than €23 million. 

János Gárdai has been appointed CEO of Futureal Development and Shared Services Partnership and Group Asset Management Director. 

"Airbnb is a housing issue, not a tourism issue, so that's not how we approach it," said Márton Nagy, Hungary's Economy Minister at a press conference on Tuesday. He stressed that they can agree with Alexandra Szentkirályi, president of Fidesz-KDNP in Budapest, who had said earlier that whatever the decision, she would propose to the government to introduce corresponding rules in Budapest and nationally.

Hungarian developer Infogroup has announced its rebranding as Innovinia as of September 16, as part of its strategy to expand abroad.

Construction works in Hungary started during H1 2024 fell by 11% compared to the same period of last year, according to the latest EBI Construction Activity Report prepared by Eltinga, Buildecon and iBuild. 

Property investment group Wing has fully completed the Liberty mixed-use project in Budapest after delivering 20,000 sqm of offices in the second phase.

Budapest has been named the best ‘workcation’ city in the world, beating competition from the likes of New York, Berlin and Singapore, according to IWG’s second Work from Anywhere Barometer.

IWG has announced the opening of a HQ centre in southern Budapest, which marks the HQ brand’s debut in Hungary. 

Atenor has completed BakerStreet Phase I, a new office project in Budapest’s South Buda area that will host the HQ of E.ON Hungária Group.