Budapest Property News

  • Hungary’s 2025 Housing Boom: Rising prices and smart investments

    Hungary’s housing market has experienced a sharp surge in 2025, driven by the release of pension savings and declining government bond yields. This has led to rapid price increases, particularly for one- and one-and-a-half-bedroom flats. Key Market Insights: Price Trends: Property prices in Budapest’s District V and District XII have exceeded HUF 1.3 million (EUR […]

    Posted: 28th January 2025
    Categories: Finance
    News

  • Budapest: Restoring the Buda Castle to its former glory, before WW2 bombings

    The Hungarian Government has undertaken an ambitious project to restore the Buda Castle to its original pre-war design. This initiative, part of the National Hauszmann Programme, seeks to restore the Castle’s former grandeur and historical authenticity. The Castle, which suffered extensive damage during the 1944-45 siege (World War II.), was rebuilt in a simplified form […]

    Posted: 24th January 2025
    Categories: Finance
    News

  • Budapest: UAE-based Eagle Hills Group unveils controversial $12.3B “Grand Budapest” vision

    The UAE-based Eagle Hills Group, headed by Mr. Mohamed Alabbar, has announced the $12.3 billion Grand Budapest project, aimed at transforming an underutilised 100-hectare site in Hungary’s capital into a modern urban hub. With plans for towering skyscrapers reaching up to 500 metres, the development promises smart city technologies, energy-efficient buildings, and €800 million worth […]

    Posted: 23rd January 2025
    Categories: Finance
    News

  • Hungary removes real estate option from Golden Visa program

    Hungary has announced significant changes to its Golden Visa program, removing the real estate investment option set to take effect on January 1, 2025. This decision represents a noteworthy shift in the country’s strategy for attracting foreign investment through residency schemes.  Previously, foreign investors could secure residency by purchasing qualifying real estate in Hungary, making […]

    Posted: 23rd January 2025
    Categories: Finance
    News
    Property

  • Daily News Hungary: Budapest market soars 11.8% in 2024, moderate pace predicted in 2025

    According to Daily News Hungary, Budapest’s real estate market has experienced an 11.8% price surge over the past year, with average prices now exceeding HUF 1 million (EUR 2,417) per square metre. Resale properties in the city typically cost HUF 1.12 million (EUR 2,707) per square metre, while new builds in prime locations, such as […]

    Posted: 23rd January 2025
    Categories: Finance
    News
    Property

  • BBJ: Hungary’s real estate players anticipate busier 2025, particularly in Budapest

    According to the Budapest Business Journal (BBJ), investment activity in Central and Eastern Europe (CEE) is expected to grow significantly, with volumes projected to reach €10 billion in 2025, supported by anticipated ECB (European Central Bank) interest rate cuts and stable yield levels. In Hungary, the Budapest office market is facing challenges, with the vacancy […]

    Posted: 23rd January 2025
    Categories: Finance
    News
    Property

  • Airbnb rentals will be completely prohibited in Budapest’s 6th District.

    Starting January 1st, 2026, short-term Airbnb rentals will be completely prohibited in Budapest’s 6th District. This decision was made following a binding vote by local residents, supported by the National Assembly.

    Posted: 30th September 2024
    Categories: AIRBnB
    News
    Property
    Short Term Rentals

  • Latest Housing Price Index

    Discover the ever-changing face of the housing market through the lens of the latest housing price index data. The past month has seen some exciting shifts in real estate, triggered by a nationwide drop in property prices. What’s even more interesting is the growing interest among people in owning their own space, hinting at a […]

    Posted: 12th December 2023
    Categories: Finance
    News
    Property

  • Italy to seize $835m from Airbnb in tax evasion inquiry

    An Italian court has ordered the seizure of €779.5 million in funds from the popular short-term rental platform, Airbnb, citing allegations of tax evasion. According to prosecutors, Airbnb neglected to collect taxes from property owners on approximately €3.7 billion in rental earnings. In Italy, landlords are obligated to pay a 21% tax on their rental […]

    Posted: 7th November 2023
    Categories: AIRBnB
    Finance
    Property
    Short Term Rentals
    Uncategorized

  • Soon To Open W Hotel Are Hiring

    Explore an exciting new career path at W Budapest where your natural talent is celebrated. Join us at our first recruitment event at Her Majesty the Rabbit on 2nd March, 5 pm to 9 pm. W Budapest is the first W Hotels opening in Eastern Europe. Located in the heart of the city at Andrássy […]

    Posted: 17th February 2023
    Categories: Events
    News