Budapest’s luxury housing stock has increased in quantity and quality in recent years, said Chris Clarke, a founder of the real estate agency Clarke & White, and is “becoming on par” with that of other European cities.
Hungary's construction sector output fell by an annual 14.9 percent in December after a revised 14.7 percent decline in November, the Central Statistics Office (KSH) said on Monday.
The level of investment into European commercial real estate continues to grow with €62 billion invested in the third quarter of 2015, up 18% on the same period in 2014.
France experienced the most noteworthy increase with investment activity of over €7 billion, almost double that of the same quarter in 2014, according to figures from CBRE.
Tours and travel firm Cox & Kings owned Meininger Hotels will open a hotel in Budapest, Hungary by spring of 2018.
Farmland in Europe: Prices and players from east to west
Commercial property investment activity in Europe reached its highest level since 2007, totalling €102.5 billion in the first half of 2015, the latest market analysis report shows.
The investment volume across the 16 participating countries was 25% up on the same period last year, according to the European Investment Briefing report from international real estate advisor Savills.
Opt in here