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BUDAPEST HOME TO THOUSANDS OF EMPTY SHOP PREMISES

 

Budapest is home to 2,000-3,000 vacant retail premises, business daily Világgazdaság said. Rents on empty retail space range from 20,000 forints to millions of forints each month, depending on the size, condition and location of the street. Start-up businesses generally baulk at paying more than 100,000 forints in rent. The Budapest Chamber of Commerce and Industry and the Budapest municipality have begun operating a non-profit database which currently contains information on 150 leaseholds. The purpose of kiberelem.hu is to help start-ups by providing useful information about properties and their surroundings, the paper said.