Duna House Group’s closed Q3 with declining volumes compared to the record levels in the first two quarters, as an aggregate of three very different market factors. The performance of the Italian subsidiaries continues to be strong, only the significant seasonal impact of August lowered the volumes compared to H1 levels. Volumes declined moderately and […]
The professional services and investment management company Colliers has announced that Kata Mazsaroff has been appointed as the new Managing Director for the company in Hungary. Kata worked at Colliers between 2007 and 2020. She established the Occupier Services business line, a pioneering service line in Hungary, which introduced an innovative and integrated workplace advisory […]
The real estate market has also started to reorganize in the premium segment: while the share of foreign investors has decreased in the capital and the agglomeration, luxury properties on Lake Balaton are still attractive to buyers from abroad, according to an analysis by the real estate agency Duna House. According to the company, demand […]
Duna House Group reported its strongest quarter ever in Q2 2022. The Italian acquisition has delivered the expectations, while giving stability via the euro exposure, it contributed more than 50% of revenue and more than 60% of EBITDA. The Group faces a period of challenges and opportunities in the current market environment. Following tripling the […]
The presence of foreign nationals in the Hungarian real estate market has strengthened again, with 23% more foreigners investing in Hungarian property in 2021, according to Duna House data, which show that 2,716 applications for property purchase were submitted by non-EU nationals last year. An important factor is the deterioration of the value of the […]
Residential property prices have risen sharply in all areas of Budapest's agglomeration in the first half of the year, with most settlements seeing a 30-40% increase in prices compared to last year's average price, the property agency Otthon Centrum says in an analysis based on its own data. The real estate brokerage network recalls that […]
The real estate market continues to be summer-like: with extreme holiday season and the changing economic and social environment have resulted in a strong drop in the number of transactions last seen in the epidemic-hit May 2020, according to the executive summary of the latest Duna House barometer. In July 2022, the property agency Duna […]
The number of sales and the amount of mortgage loans for housing fell significantly in July, with the number of transactions down to 8,978 and the amount of contracts amounting to HUF 110 billion, the real estate brokerage Duna House said in an estimate posted on the Budapest Stock Exchange (BSE) website on Monday. The […]
The changing economic situation is also affecting the real estate market. The Duna House Demand Index showed a steady decline in the second quarter of the year, with the number of transactions also lagging compared to the same period last year. However, price growth did not stop, and all price indices increased in nominal terms […]
The real estate group Duna House says its international strategy has brought diversification benefits to the Group. Some of its markets are affected to varying degrees by interest rate increases and market expectations of such increases, thus dampening their combined impact. Activity is down in all of the Group's markets, with a sharp decline in […]
Commercial real estate in Europe, the Middle East and Africa withstood Russia’s invasion of Ukraine in the first quarter of the year, but future impacts are unclear. That is according to the latest Capital Markets snapshot for the region released by Colliers in Budapest this Monday. The report states that the first quarter of 2022 […]
The National Residential Property Price Index of Duna House representing the overall average closed at a record high 231 points nominal again in Hungary in the first quarter of this year. In real terms, the increase was slower and the index currently stands at 144 points, compared to the previous 135, according to the latest […]
Duna House Group reports having reached record volume levels in Q4 2021. Franchise real estate brokerage grew by 29%, own office real estate brokerage by 39% and loan brokerage by 74% on a year-on-year basis. In Hungary, the residential real estate market performed in H1 2021 at levels unseen in the last 10 years, which […]
The Hungarian real estate development firm Futureal Investment Partners has acquired three properties totaling nearly 70,000 square meters, two shopping centers and an office building in Poland, the real estate investment and asset management company announced in a statement sent to the state news agency MTI on Wednesday. The company also acquired the 30,300 sqm […]
According to estimates by the real estate brokerage firm Duna House, based on its own data, there were 150,974 sales on the Hungarian real estate market last year, which is 15% higher than in 2020, the company told the state news agency MTI on Monday. The real estate distributor estimates that the 11,422 real estate […]
