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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 […]
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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 […]
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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 […]
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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 […]
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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 -
House Hunting in Hungary: A Modern Mash-up for $895,000
In Budapest, where foreign buyers vanished and domestic buyers moved out, many properties that were once short-term rentals are now on the market. New York Times 12 August 2021 A Four-Bedroom House With a Grassy Roof $895,000 (270 MILLION HUNGARIAN FORINTS) This three-story, 3,531-square-foot house is in the hilly Adyliget neighborhood, west of the Danube River, in […]
Posted: 12th August 2021
Categories: Expat
House Hunters International
Property -
The rental market is exploding again
A growing demand for rental properties since the begining of the opening has caused an increase of 7.9% on rent prices compared with December prices, writes index.hu The amount of advertised properties has also increased by 3%.
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Second Hand And New Homes Market Starting To Boom
The market for second-hand and new homes is starting to become increasingly eventful, with purchases starting in early 2021, resulting in more than 1,600 newly built homes being sold by developers between December 2020 and February 2021, nearly half of last year’s new home figures. At this rate, the number of contracts could even double […]
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New Chapter in Budapest
Back so soon, March 11 2019 saw the airing of the latest outing of Chris Clarke presenting House Hunters International. This episode sees Star and Norbert come back to HIS native Hungary and settle into their new life.
Posted: 12th April 2019
Categories: Expat
House Hunters International
Property
