Property prices skyrocket in Paris
Real estate prices in the French capital rose by over thirty per cent during the past five years, with an average square metre currently costing €11,000. However, there s a huge price gap between the cheapest and the priciest districts.
Czechs work hardest for new apartment
Property prices in Hungary rose the fastest in Europe over the last three years. Compared to the average national salary, Czechs need to work most to buy an apartment, while housing is the most affordable in Portugal, according to Deloitte s study of European property markets.
Hungarian cube house reacts to emotions
The team of the University of Miskolc, Hungary, has built a residential house with zero ecological footprint, which utilizes speech recognition software to respond to human emotions. The building, transformed from a socialist cube house, won a prize on Tuesday at the international housebuilding competition called Solar Decathlon Europe, organised for university students. The consortium of the University of Miskolc has built a project called Hungarian Nest+ with the help of students from the Hungarian University of Pecs and the Algerian Blidai Saad Dahlad University. It will remain part of a modern open-air museum.
Czech Republic turns Congo embassy into estate agency
The embassy was closed due to the poor security situation in the African country, but now it will temporarily open to oversee sales of Czech-owned properties.
European Commission set to have Brussels highest tower
The 150-metre Tour du Midi will soon cease to be Brussels’s tallest building, as three construction companies have won the tender to build the European Commission’s new 165 metre office building. Not everyone is happy about the construction work, however, which will start in 2025.
One of Hungary’s largest real estate developers invests in Romania
One of Hungary’s largest real estate development companies, Futureal, a major player on the Central-Eastern European market, is now expanding into Romania. The group is constructing a 40-million-euro residential complex in Bucharest and is readying further investments, Romanian news portal maszol.ro reports.
Paris to set rent caps
A decree regulating rental prices comes into effect in Paris today. The scarcity of property has long been a big problem in the French capital. With the growing number of short-term rental deals it has become harder and harder for Paris residents to find a long-term lease.
Restoration of famous Constanta Casino finally underway
The Constanta Casino, a protected historic monument in Romania and one of Europe’s seven most endangered heritage sites will finally be getting its much-anticipated restoration. The project is estimated to cost 23.5 million euros and last two and a half years.
EBRD to change headquarters in London
The European Bank for Reconstruction and Development (EBRD) is moving its headquarters it occupied for more than a quarter-century, but its new address is also the financial centre of London. The change of headquarters will take place in 2022, but the lease contract was already signed today.
Decade-long record broke in housing loans in 2018
More than 100,000 home loans, worth a total of 2,665 million euros, have been disbursed by Hungarian credit institutions in 2018, breaking 2008’s decade-long record on housing loans, economy portal money.hu reported in an analysis based on data by the Hungarian Central Statistical Office (KSH).
V4 housing prices rose the most in the Czech Republic
Ireland has seen the largest increase in the EU, with housing being 33 percent more expensive this year than in 2010. With the exception of one country in the EU, housing has become more expensive.
Unprecedented growth in Hungarian building industry
Hungary s construction output grew an all-time high 48% year-on-year in February. Output was up 39.4% for buildings and 65.4% for other structures. Nearly 18,000 new homes were put in use in 2018, representing an annual increase of 23%.
Europe s eyes are on Hungarian prison
After China and Georgia, a delegation of V4 and Austrian members has visited Hungary’s model prison. The institute is almost completely self-sufficient, as even the fences have been built by the inmates for themselves. In-house emloyment has reaced one hundred percent years ago, and the prison is now trying to come up with a successful model for social integration.
Garden home trend: Hotel for Insects
At the beginning of spring, it is time to refurbish the small gardens and balcony crates that have been neglected since last year. Just like in the world of fashion, professionals set new trends in gardening, too, every year. This year s novelty is a bizarre, but sweet insect hotel.
The castles and manors are brimming with life
Renovation has started in nine locations in Hungary, and after the completion of the public procurement procedures the works will begin in 14 additional locations in the framework of the National Mansion Program and the National Castle Program.