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Vacancy rate on Budapest industrial property market at record low

Vacancy rate on Budapest industrial property market at record low

The vacancy rate on Budapestʼs industrial property market dropped 0.4 percentage points from three months earlier to a record low of 5.5% at the end of the second quarter, the Budapest Property Consultants Coordination Forum (BIEF) said on Friday, Hungarian news agency MTI reported.

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Futureal Group starts construction of Corvin 5 office building

Futureal Group starts construction of Corvin 5 office building

Futureal Group has started construction of the Corvin 5 office building in Budapest, according to a press release sent to the Budapest Business Journal today. The first phase of the building, equipped with the latest environmentally friendly technologies, is expected to be delivered by the end of 2018.

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Váci 1 wins two FIABCI World Prix d’Excellence Awards

Váci 1 wins two FIABCI World Prix d’Excellence Awards

Váci 1, the neoclassicist palace rejuvenated by Horizon Development last year, was awarded with a World Gold in heritage restoration and a World Silver (Best in Europe) in retail development at the 25th FIABCI World Prix d’Excellence Awards, according to a press release sent to the Budapest Business Journal today.

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Gateway Office Park undergoing renovation

Gateway Office Park undergoing renovation

Gateway Office Park, an office complex comprising three towers, is currently being renovated, and works are scheduled to be finished by the first quarter of next year at the latest, according to a press release sent to the Budapest Business Journal by real estate firm CPI Hungary.

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Ecodome office building construction begins

Ecodome office building construction begins

Real estate developer Redwood Real Estate Holding has recently started construction on a speculative basis of the 5,000 square-meter, A+ category, LEED Platinum pre-certified Ecodome office building in the heart of Buda, according to a press release sent to the Budapest Business Journal by Cushman & Wakefield, representing the landlord.

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Zsiráf Terrace reopens at Eiffel Square Office Building

Zsiráf Terrace reopens at Eiffel Square Office Building

The Zsiráf (Giraffe) Terrace has once again opened in the park in front of the Eiffel Square Office Building, beside a pond with waterfalls, offering an event calendar for the summer full of regular exhibitions, fine art fairs, Sunday markets, acoustic concerts and DJ performances, according to a press release sent to the Budapest Business Journal.

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Three of the best routes to get to know Budapest in depth

Three of the best routes to get to know Budapest in depth

The best way to wind-down after a long, tiresome week is to go out and enjoy what nature has to offer, but if you only have one or two hours at your disposition, fear not: welovebudapest.com has collected the best places in the city where you can enjoy the great sights of the capital and you can have a refreshing meal as well.

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6 surprising facts about the Hungarian real estate market

6 surprising facts about the Hungarian real estate market

There are many tendencies on the Hungarian real estate market that mirror those in the US. Forbes.hu has investigated the Hungarian relevance of Zillow Talk: The New Rules of Real Estate, a book examining the American real estate market, and found many similarities between the two countries.

 

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CBRE expects all-time high investment volume this year

CBRE expects all-time high investment volume this year

Hungarian property investors appear to be optimistic about the market’s future this year, expecting an all-time high investment volume, according to an international survey by commercial real estate services firm CBRE that also covers local investors, a press release sent to the Budapest Business Journal reveals.

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Real estate in Hungary and VAT charges

Real estate in Hungary and VAT charges

In recent years, real estate transactions in Hungary have accelerated greatly as the housing market steadily continues to rise, especially in the country’s capital, says DLA Piper Hungary.

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