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Good news for developers- still it will be enough to build one parking space for one apartment

The request of those opposed to the planned change in OTÉK (Országos Településrendezési és Építési Követelmények) to provide one and a half parking spaces per apartment in new residential buildings with four or more apartments seems to be rewarded with success. The latest Hungarian Gazette’s (Magyar Közlöny) publication on this matter states that local construction and building codes may...

Hungarian real estate market continues to grow rapidly – the number of sales reached another peak

In March, statistics were released on the number of real estate sales for February in the domestic market, and then February 2021 appeared to be record setting for the number of sales over the past 10 years. Now, however, the record appears to have been short-lived: Duna House posted the number of transactions for March, which revealed that the number of transactions for this month reached 15,630 units...

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