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Budapest

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Convertiplane over Budapest

Convertiplane Demonstration Flight over Budapest

D&T
Oct 29, 2019

On the fifth day of a joint operation of Hungarian and US special military units, a CV-22B Osprey type convertiplane of the US Air Force conducted a demonstration flight above the Hungarian capital this Tuesday. The Bell Boeing V-22 Osprey is a multi-mission, military aircraft capable of both vertical takeoff and landing. It is designed […]

Property Transactions Plunge in Budapest as Prices Stagnate

D&T
Oct 29, 2019

The property market in Budapest has hit the brakes and the 9,941 transactions recorded in the first half of the year represent a significant 46% drop from the same period a year earlier, according to the weekly analysis published by Ingatlan.com. The average price per square meter of used properties in the Hungarian capital was […]

Stronger Airbnb Activity in Budapest

D&T
Oct 28, 2019

Similarly to 2017, Airbnb activity in Budapest increased by 25% year-on-year last year with overnight stays exceeding 1.8 million. Overnight stays recorded by the end of last year surged by 70% compared to 2016, according to a report released by Colliers International and Hotelschool The Hague. The Airbnb services in Budapest comprise more than 10,000 […]

Large Office space Supply in Budapest

D&T
Oct 21, 2019

The largest supply of modern office space in 15 countries of Central and Eastern Europe (CEE) was recorded in Warsaw, Budapest and in Prague, while the biggest increase of new supply in the first half of 2019 was noted in Bucharest. The most active tenant sectors are IT, professional services, banking and BPO/SSC. More and […]

Budapest mayor-elect Gergely Karácsony and representatives of Hungarian opposition parties

Hungarian Opposition Makes Headway in Municipal Elections

D&T
Oct 14, 2019

Scoring its biggest victory in a decade, Hungarian opposition parties conquered the capital Budapest in municipal elections held on Sunday as their candidate, 44-year-old Gergely Karácsony ousted incumbent István Tarlós, backed by the ruling Fidesz party. In addition to snatching the mayoral post from Fidesz, opposition forces - which supported a joint candidate in a […]

The József Nádor Square in Budapest

Downtown Square Renovation Completed

D&T
Aug 28, 2019

The renovation of the iconic József Nádor Square in downtown Budapest has been completed and the square has been handed over to public use. The once disorderly public space now boasts a Zsolnay Fountain in the center and the statue of Joseph Anton Johann (1776-1847), Archduke of Austria and Palatine of Hungary who the square […]

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