Hungary

As one of the first cities on the map of Business Process Outsourcing, the capital city of Budapest is home to the majority of R&D centres in Hungary. The “Heart of Budapest” renewal program aims to ease traffic and revitalise the historic centre of the city. Phase 1 of the project involved the construction of a 1.7 km long axis through the city to ease traffic.

Though Budapest is the economic centre of Hungary, regional centres such as Debrecen and Gyor benefit from their proximity to neighbouring countries.  

Debrecen is Hungary’s second largest city and serves as a main transport hub for international travellers. It is home to the country’s second largest airport. The city’s proximity to Ukraine and Romania facilitates international trade, and a new motorway connects the city to Budapest, facilitating regional interactions.

Gyor is located just one hour outside of Budapest and serves as an important industrial and cultural centre. The city is home to the largest engine manufacturing plant in Europe and will undergo a significant transformation in coming years: the city has approved construction of a new bridge across the Moson-Danube, a cycle route alongside Route 82 to connect the district of Pannonhalma to Budapest. The city has also planned the renovation of its regional bus terminal and railway station.

Whether you’re an occupier, bank or investor, our valuers are ready to answer all of your questions needs about the Hungarian property market.

*Source: World Bank