Today is : Monday,1st May 2017

Real Estate News

» Market Almost Optimistic About Budapest's Real Estate Sector
"Players of Hungary’s real estate market have become more certain and more upbeat about the prospects of sector in Portfolio.hu’s last quarterly poll in 2009. A majority of the respondents expect a further increase in transaction yields, but forecast ...

» Building Offices Not A Lucrative Business In Budapest
"It is not worth embarking on office development projects in Budapest due to low rental rates and high transaction yields, Eston has said on Wednesday. However, it sees investment opportunities on the office market. Is it time to buy office buildings ...

» Construction industry contracts far less than EU average
Hungary's construction industry contracted 2.7% in 2009, far less than the 8.4% decline in the European Union as a whole, Hungary's chief architect Sándor Fegyverneky said at a general meeting of the National Association of Construction Compan ...

» Futureal leases three-fourths of space in Corvin Offices
Hungarian-owned property developer Futureal group has leased 75% of the 24,400 square meters of office space in the €210 million Corvin Offices, part of Corvin Promenade, a big rehabilitation project in Budapest's District VIII, project manager ...

» Only a fraction of shopping centers could be completed
Only about one-fourth of the planned shopping centre construction in Hungary is expected to be completed in the next two years as the financial crisis has made liquidity scarce and the economic downturn has reduced consumption, business daily Napi Ga ...

» Cushman&Wakefield wins prestigious award for third time
The Budapest office of the global real estate consultant Cushman & Wakefield (C&W) was awarded "Best Real Estate Agency 2009" for the third time by the Construction and Investment Journal (CIJ).

» Regional waste management centre inaugurated in Győr
The waste management centre completed as part of a HUF 9.5 billion regional development project was inaugurated in Győr on Monday.

» No decision on Mundo project
The municipal assembly of the Zugló district of Budapest did not reach a decision on whether it would give the go ahead to Poland’s Echo Investment to commence building its Mundo multi-use real estate project in the area.

» Time To Mourn: Tragic Changes On The Hungarian Loan Market
"Household borrowing is drying up in Hungary, according to the latest (October) lending statistics published by the central bank (NBH). Local households have been repaying more FX-denominated debt than they has been taking out for months. This phenom ...

» OTP Bank buys office building in Budapest
OTP Bank on Tuesday said it bought an office building on Váci utca, a main traffic corridor in the west of the capital, on November 30.  

» ORCO continues with Budapest project after UniCredit restarts loan
Orco Property Group is continuing the reconstruction of the Váci1 office building, the former site of the Budapest Stock Exchange at the end of Budapest's upscale Vaci Street, after they agreed with UniCredit Bank on a €46 million loan, h ...

» Orco Property Group : Facelift for Mamaison
"Mamaison Hotels & Apartments is now rebranded into Mamaison Hotels & Residences. Mamaison is a leading provider of personalized hospitality experiences in Central and Eastern Europe and manages 10 unique properties from midscale to upscale deluxe wi ...

» Property cost saving opportunities in the pipeline for pharma sector
A significant proportion of the world’s top pharmaceutical companies are undertaking sale-and-leaseback or vacant sale transactions in a drive to consolidate property assets and save costs, according to recent research issued by CB Richard Elli ...

» Szeged signs contracts for reconstruction projects
The city of Szeged has signed a HUF 1.2 billion (€4.48 million) contract with the Merkbau Kft and a HUF 233 million contract with the ATV Szeged Consortium to implement European Union-supported downtown reconstruction projects, Szeged Mayor L&aa ...

» Bonarka City Center opens new doors to Krakow
Bonarka City Center, the largest urban center in southern Poland opens its first phase: the shopping and entertainment center. The three-phase project is developed by TriGranit Holding and IPR's joint venture Roland Investment, valuing a total of &eu ...