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Budapest’s landmark Ballet institute sold off after years in limbo

Budapest’s landmark Drechsler Palace – also known as the “Ballet Institute” – has been sold, a legal representative for the former owner, Portugal’s QPR Investimentos, said on Monday. [more]

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Much-anticipated Eiffel Palace office building opens in downtown Budapest

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The premium category Eiffel Palace office building has opened in Budapest’s Fifth District, near the Nyugati train station. [more]

Is Budapest’s new metro giving boost to nearby properties?

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Budapest’s long-awaited Metro 4, which is expected to soon open its sliding doors to passengers for the first time, will undoubtedly provide speedier (and spiffier) transport links for many thousands of city residents. But what about its impact on home prices in those areas served by the new line? [more]

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Survey finds flats in Budapest cheapest among EU capitals

Apartments are cheaper in Budapest than in any other EU capital, property agency Otthon Centrum reports. The cost of an average 60m2 flat in Budapest is €74,280, followed by €81,000 in Bucharest. A similar home costs €123,220 in Bratislava. The most expensive properties are in Paris, with a price of €699,105 in the outer regions. [more]

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