The number of new homes built could increase by 14% this year compared with last year, partly as a result of the government’s family home subsidies, Csaba Dömötör, a state secretary at the Prime Minister’s Office, told public news channel M1 on Friday. In addition, the number of homebuilding permits issued this year rose 2.5 fold compared with last year, he added.
Last week news site Index.hu published a lengthy exposé of attorney and former Budapest District 5 assemblyman Balázs Kertész, who, among other things, allegedly played a central role in the sale of district-owned real estate at substantially below market prices to individuals or companies close to Hungary’s governing Fidesz party.
Cushman & Wakefield has been appointed to undertake property management and leasing services at the Mammut Shopping and Entertainment Center in Budapest, as of November 1, according to a press release sent to the Budapest Business Journal
DAV, owned by Raiffeisen Group, has sold its shares in Premier Outlet – considered to be Hungary’s leading outlet center – to co-owner POC Kft., according to a press statement sent to the Budapest Business Journal today.
Munich-based real estate fund management group GLL Real Estate Partners has acquired the historic Váci 1 building from Horizon Development, according to a press release sent to the Budapest Business Journal today. The seller was legally advised on the transaction by Lakatos, Köves & Partners, while the buyer was represented in the deal by Dentons.
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