The Hungarian office market continued to enjoy healthy levels of activity over the first quarter of the year, according to real estate services firm Cushman & Wakefield, which also expects the positive sentiment to continue for the year, according to a Q1 2017 snapshot sent to the Budapest Business Journal.
This year Budapest100 celebrates the Danube Waterfront. Many public and commercial buildings, as well as apartment buildings, will be open to the public on this weekend. Numerous displays, exhibitions and concerts will be held all along the ten-kilometre stretch of the Danube between Árpád híd and Rákóczi híd.
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 reveals.
Hungary’s construction sector output climbed an annual 15.2% in February, data released by the Central Statistical Office (KSH) show. The sector’s output was up by 18.5% in January after declining for twelve months in a row. The increases both in January and February were from a low base.
The villa on Andrássy út that hosted the recently closed Gold Museum is for sale, with an asking price of Ft 2.5 billion. The seller, TG Vagyonkezelõ, is the receiver of Magyar Indokína Társaság, owned by former career diplomat István Zelnik, which collapsed last May.
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