As the mercury rises, so do Hungary's property prices and rents. Budapest, the crown jewel of Hungarian real estate, continues to dazzle with average costs per square meter soaring above HUF one million (EUR 2,534). But it's not just the capital feeling the heat – the entire country is experiencing a property price surge that's […]
The expectations of real estate companies for price increases have weakened slightly, with half of respondents in the capital and two-thirds in rural areas expecting price rises; the price of second-hand housing may rise by 6% in the next year, while the price of new housing by almost 10%, according to a joint survey by […]
Otthon Centrum's (OC) net sales amounted to HUF 6.2 billion in 2021, compared to HUF 4.4 billion a year earlier, the real estate brokerage firm said on the Budapest Stock Exchange's website on Tuesday. Last year, the group achieved a record in both real estate network turnover and loan intermediation, the report said. The company's […]
The Hungarian real estate development company Graphisoft Park SE increased its profit in the first quarter with almost the same real estate portfolio, according to a statement published on the website of the Budapest Stock Exchange (BSE) on Tuesday. The company's earnings before interest, tax, depreciation and amortization (EBITDA) increased year-on-year from EUR 3.566 million […]
Hungarian real estate broker firm Otthon Centrum Holding is acquiring a majority stake in Open House franchise and loan brokerage holding company, according to a statement published on the website of the Budapest Stock Exchange (BSE) on Monday. The transaction will result in a higher quality and more efficient customer service through the utilization of […]
Last year, garages were 18% more expensive than a year before according to sales data, with their average price exceeding HUF 5 million, the real estate agency Otthon Centrum told the state news agency MTI on Monday, based on its network data. The statement quoted Gábor Soóki-Tóth, Otthon Centrum's head of analysis, who said that […]
The real estate investment company S IMMO Hungary, which manages the property, will install more than 400 solar panels on top of the Blue Cube office building in the Hungarian capital. The company, which is also listed on the Austrian stock exchange, aims to minimize its ecological footprint, including the transformation of the Blue Cube […]
The commercial part of Horizon Development’s LEED Platinum certified premium mixed-use Budapest downtown property; Szervita Square Building was purchased by Union Investment for one of its institutional real estate funds. The parties agreed not to disclose details of the purchase price. Ádám Irányi, Head of Investment Management Office, Europe, reflected on the benchmark deal by […]
This Friday, Duna House Group has signed an agreement for the acquisition of 70% of the Italian HGroup with future put/call options that can increase its ownership to 100%. With full country-wide coverage, the Bergamo-based HGroup through Credipass, its subsidiary, is currently the second biggest loan broker in Italy by network size with close to […]
Duna House Group continued its march in the third quarter of 2021: its quarterly revenue jumped to HUF 3.8 billion (+72% y/y) and its clean core EBITDA jumped to HUF 667 m (+47% y/y). The Group’s clean core proft after tax (PAT) rose by 54% to HUF 494 mn. With an outstanding performance in the […]
In the third quarter of 2021, two buildings with 14,210 sq m of new space were added to the Greater Budapest modern industrial stock. One building was handed over in East Gate Business Park Fót and one building in Login Business Park Dunakeszi. The total modern industrial stock stood at 2,567,510 sq m at the […]
Housing prices in Hungary have nearly doubled in the past ten years; the extent of price increases was higher only in two other European Union member states in this period. Despite the jump in prices, interest in home purchases remains strong. Average residential real estate prices in Hungary increased by nearly 100% in the last […]
The Park Atrium office building, overlooking Budapest's City Park, welcomes 2021 with a new identity, rearranged and optimized functionalities, and fresh interior design ideas for its ground floor lobby, main reception, conference center and community garden. A press release by the Landlord – a property fund based in Luxemburg and managed by REInvest Asset Management […]
Budapest's office buildings skyline will be enriched with a futureproof complex designed with lots of attention to environmental challenges and to the needs of the people working inside, builder Skanska projects. The multinational construction and development company Skanska's latest investment in Hungary, H2Offices is one of the company's most impressive projects in Budapest. The new […]
If you happen to walk around the Normafa area, you may hear the noise of construction from what was known as the Svábhegy Sanitarium for decades. A new residential area is being born, one that will certainly attract the rich&famous of Hungary. János Gárdai, the Managing Director of White Star Real Estate gave Diplomacy&Trade a […]
