Forestay Group and its financial partner Recorde Asset Management have signed an agreement with Marriott International to open a dual-branded hotel development in Budapest, featuring a Moxy Hotel and Residence Inn by Marriott under one roof.

The 48-room Leon Hotel & Lounge has opened near the Buda side of Chain Bridge, according to Market Építő, the project's contractor.

Demand in Hungary's new-build housing market temporarily returned to normal following a boom at the end of last year and the beginning of this year. However, from August, purchases may pick up again due to the maturity of a government bond and the state-subsidised Home Start loan program. Instead of the 1,000 apartments initially announced at the beginning of the year, Cordia will launch sales of nearly 1,500 homes in 2025, amid high buyer interest.

The ex-HQ of Budapesti Elektromos Művek, spanning over 22,000 sqm, has been sold in a deal brokered by Eston.

The Academia office building has reached nearly 100% office occupancy, less than a year and a half after a comprehensive refurbishment. 

Living's first residential development in Buda, Római Park, is progressing as scheduled, with the building structure for the 257-unit complex now complete. 

Industrial developer CTP has signed a long-term lease agreement with Gorenje Magyarország Kft., the household appliance manufacturer and part of the Hisense Group, for a new 15,000 sqm facility at CTPark Budapest West. 

Hungary’s retail sector is drawing renewed attention from international foodservice operators, with several global fast food chains preparing to enter or return to the market.

New Work has renegotiated and extended its cooperation with Woodpecker Acquisitions at Science Park in Budapest, becoming one of the largest tenants in the complex.

The value of new construction projects started in Hungary during H2 2025 has reached its second-lowest point since 2020, finds the EBI Construction Activity Report, prepared by Eltinga, Buildecon, and iBuild.