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Árpád road 142.

4th district, Budapest
Condominum of 76 units

Vörösmarty Garden

7th district, Budapest
Condominium of 68 units

Erkel House

8th district, Budapest
Condominium of 272 units


11th district, Budapest
Condominium of 63 units

White Castle

11th district, Budapest
Condominium of 110 units


13th district, Budapest
Condominium of 362 units

News of economy and real estate market

In the past two years, home prices in Hungary have risen by approximately 40% based on data compiled up to March, mortgage bank FHB reported.
Real estate firm CA Immo has closed the transaction to purchase the approximately 70,400 square-meter Millennium Towers office building for EUR 175 million from TriGránit and Heitmann’s local subsidiary, according to a press release.
Signs indicate that the residential property market in Hungary is not only back from the dead, but that it is growing at breakneck pace, according to a review by the Central Statistical Office (KSH). The volume and rate of sales have both been soaring and prices have been heading towards new heights, to the horror of buyers.
Output of Hungary’s construction industry dropped by an annual 17.6% in July, the Central Statistical Office said. The decline followed twelve-month decreases of 16.2% in June and 25.8% in May. Output of the buildings segment rose by 1.0%, mainly on the construction of industrial buildings, but also lifted by the construction of schools and sports facilities.
Foundations run by Hungary’s central bank have purchased plots of land in a Budapest business district for 55 million euros. Fully 200,000sqm of office and residential space can be built on the combined seven-and-ahalf hectares, Zoltán Fekete, the head of Optima Befektetési, which manages the foundations’ assets, said. The plan is to build 150,000sqm of office space and complement it with stores a…