Budapest Property News

  • The Hungarian 2024 Olympic Bid Has Been Approved

    The Proposed venues for the 2024 Olympic bid has been approved by the Budapest Council. Approval was given with 21 votes in favor, 1 against and 9 abstentions. There will be two venues made up of seven clusters: Danube area consisting of Margaret Island, the Olympic Park and Óbuda Island. Second venue incorporating Heroes’ Square, […]

    Posted: 28th January 2016
    Categories: Events
    News

  • A slower September in the Budapest property market

    The Budapest property market slowed in September 2015 compared with previous months although the market is still in good shape. with the year-on-year growth is still significant. A year ago the market already experienced an upward trend, September 2014 saw around 10,000 sales or purchases taking place, a 10% year-on-year increase. The second half of September this […]

    Posted: 29th October 2015
    Categories: News
    Property

  • Jamie Oliver to open a restaurant in Budapest

    The original Naked TV Chef Jamie Oliver is about to open a restaurant in Budapest. Due to open in Spring 2016, Budapest will be the third European country to host one of his 40 restaurants. Located in the Castle district, in what was the old Hadik restaurant, Jamie will continue the Italian theme of reasonably priced […]

    Posted: 29th October 2015
    Categories: News

  • Number of non-EU Buyers in Budapest On The Rise

    In 2014 1,183 non-EU citizens purchased 1,143 properties in Budapest last year, the majority in central downtown districts. The highest number of these were from Russia and China, followed by Ukrainians and Israelis. Vietnamese, Egyptian. There were also a lot of US buyers whose numbers grew over the previous few years. 50-60 square meter apartments were the […]

    Posted: 18th March 2015
    Categories: News
    Property

  • New Sunday Trading Laws in Hungary

    New Sunday trading laws will mean that from March 15th, stores in Hungary can only open between the hours of 6 am and 10 pm and are banned totally from opening on Sundays. However there will be some exceptions to this new law include pharmacies, small family owned and run shops, and stores located in hospitals, prisons, gas stations, […]

    Posted: 9th March 2015
    Categories: News

  • Tom Hanks to Move to Budapest

    Following a story reported on We Love Budapest about Budapest being voted one of Europe’s top filming locations non other than Tom Hanks will move to Budapest in March to film the third installment of Dan Browns The Da vinci code, Inferno. The movie which is written by David Koepp and directed by Ron Howard will […]

    Posted: 19th February 2015
    Categories: Events
    Movie

  • Slight Recovery for the Forint

    After hitting an all time low last Thursday of 327.62 against the euro the Hungarian forint has made a slight recovery to 312.72, thanks mainly to the effect the announcement from the European Central Bank that an extended asset purchase program would be launched had on the euro falling against the dollar. The quantitative easing program […]

    Posted: 23rd January 2015
    Categories: Finance
    News

  • New Clarke and White Web Site

    Work began on the Clarke and White web site today. The aim of the site is to bring a fresh new look at the way we search for property in Budapest. The project is expected to be complete by mid February 2015 at the latest.

    Posted: 17th January 2015
    Categories: News