Real Estate

First Site Hotel and Business Complex to Launch in May

Munich-based property developer TerraConsult is soon to finish the EUR 35 million development of the First Site Hotel and Business Complex, on the plot of the former “Úttörő” (Pioneer) department store, in District 5 Budapest.

Budapest Office Space Market 35th Most Expensive in World

Rental fees, including utilities and taxes, for prime office space in Budapest average EUR 31.5 per square meter per month, putting the Hungarian capital in 35th place in a ranking compiled by Cushmann and Wakefield.

Plaza-Building Boom Still Healthy in Hungary

The plaza-building lull this year is short-lived as ten new malls will be completed in Budapest by 2011. 

News Monitoring