Property News
POLL - Hungarian real estate sector not forlorn about future yet
Portfolio.hu's latest real estate market survey has spawned ambiguous results. According to expectations, the office market will succeed in taking up the nearly 500,000 square metres to be added to the offer by 2009, while rental fees are likely to retreat some. While the market projects declining rental fees on the logistics market, rental fees in malls and downtown shops are to rise in the following two years.
TóparkThe Budapest Sun 22.10.2007 | Pro-Hill to build luxury apartments in Budapest's District IIHungary Around the Clock Caboodle.hu 18.10.2007 |
 "Style is the only one real luxury which anyone can afford, independently of how much money the individual has. It is such a thing which is born with us, but it can also be learnt, supposing that the individual has the necessary intelligence." (Giorgio Armani) |  Budapest-based Pro-Hill plans to convert the abandoned hotel project in the Second District into Hungary's most expensive residential housing complex, putting an end to decades of uncertainty about the public eyesore. |
ORCO Appoints Hungarian As New Regional Leasing DirectorPortfolio.hu Xpatloop.com 17.10.2007 | Cushman & Wakefield winThe Budapest Sun Staff The Budapest Sun 17.10.2007 |
 "ORCO Property Group appointed András Kovács Regional Leasing Director of the group on Monday. In his role he will be responsible for leasing ORCO properties across the Central and Eastern European region. | Cushman & Wakefield Hungary has won the overall category at the 2007 Liquid Real Estate Awards for Excellence. |
First passive building to complete in 2008Gazdasági Rádió Budapest Business Journal 17.10.2007 | Renovation of Budapest's Gellért baths at halfway stageAll Hungary News Caboodle.hu 17.10.2007 |
 The construction of Hungary’s first office building with a zero forint heating bill will start next spring and finish at the end of 2008, said Attila Béleczki, managing director of the contractor Bauland Kft at a press conference jointly held by Bauland and Germany’s BASF AG. |  The first of two phases of renovation of the Gellért spa, consisting of modernisation of the women's thermal spa and replacement of the indoor pool's opening roof, has been completed |
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