Construction work has begun for the inNove Business Park in Táblás street, with completion of the first phase of the project expected in autumn 2007. It is intended that the total of 20 000 sq m of warehouses and office space will satisfy increasing demands for urban storage and ancillary offices in this location.
Due to the great interest shown in this office building and the fast pace of leasing, construction of the second stage of �trium Park has already begun, even before the completion of the first stage – announced the owner of Wallis Ingatlan.
There is much uncertainty around the planned property tax: when and how will it be put into practice? To whom will it apply? And what will it be based on? In the case of residential properties, there are numerous potential factors upon which to base the tax, such as zoning or square meterage. But if the new tax will also apply to commercial properties, there will be a great need for more efficient, uniform, and reliable valuation, conditions that are not at the moment ensured, according to Eva Martonosi, head of the Valuation Division at Eston International.
Though Budapest is rich in cafés, many people have been eagerly awaiting the introduction of international café chains - not only those who encountered them during their trips abroad, but the Budapest retail property market as well.
