Some 40,000 Hungarian families have availed of more than 102 billion forints (EUR 328.7m) in home purchase subsidies since the government launched the CSOK funding platform in the summer of 2015, state secretary Ágnes Hornung said at a conference organised by Portfolio.hu.
Valuation – whether for bank financing or transaction purposes – is considered vital on the real estate market as it produces the value that will be stated in the books in the long run, and hence will have further implications for the perceived business plan of the valuation addressee, CBRE Hungary stresses in a press release sent to the Budapest Business Journal today.
"The garden is my soul, the green island of my peace. The garden is the cradle of my mood, swinging, holding and feeding my mind. The garden is my friend who is loving, caring and entertaining my family. For me the garden is not a dream, I just love it in every condition."
The government has published statistics showing just how many apartments and houses in Hungary were sold to foreign nationals in 2016, reports index.hu. The data does not contain information on purchase of agricultural lands by foreign nationals, but reveals that Russian and Chinese citizens were the top foreign procurers of Hungarian real estate.
The Hungarian government is refusing to reveal what it plans to do with a HUF 16.5 billion (USD 57.7 million) Budapest riverfront property it purchased in 2014. Initial government plans would have used the ninth district property as a potential main site for Olympic events in the case of Budapest hosting the 2024 games, but the city’s Olympic application has since been withdrawn.
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