Although the January rent index by the Central Statistical Office and the Hungarian real estate website ingatlan.com fell by over 10% on an annual basis, rents in Hungary have hardly changed on a monthly basis, suggesting that they may have reached a low point. In a statement sent to the state news agency MTI this […]
Hungarian integrated architecture and building services provider DVM group started the construction works of Drechsler Palace in January 2021 at 25 Andrássy Avenue, Budapest. The building is planned to be unveiled as a hotel in 2022. The monument building also known as the one once housing the Pension Fund of the Hungarian State Railways and […]
The biggest office developer in Europe sold four buildings for over EUR 265 million, leased over 135,000 sqm, and completed seven buildings in Poland, the Czech Republic, Romania and Hungary. A statement by the company says Skanska retains its strong position on the Central Eastern European real estate market and confirms its business efficiency despite […]
Attila Kovács, founding owner and managing partner of DVM Group and Horizon Development real estate firms, has passed away at the age of 51. Attila Kovács graduated from the Faculty of Architecture of the Budapest University of Technology in 1994, followed by an internship in international architecture and project management in the United States, Sweden, […]
One-fifth of the adult Hungarian population is planning to buy real estate this year, and the majority of prospective buyers are the youngest, aged 18-29, according to a joint research by Duna House and Reacty Digital. Károly Benedikt, the head of analysis at the Duna House property agency, highlights that in the last two years, […]
The Hungarian residential property market started the new year with the strongest January figures of the past five years. The 11,185 transactions estimated by Duna House property agency tells the story of a 13% stronger turnover than in January 2020. The increase in demand had made itself felt in the data recorded by the property […]
Based on the estimates of Duna House. a total of 34,000 transactions were concluded in Q4 2020, which reflects almost the same activity level as a year before. December 2020 was marginally stronger than the same month in the previous two years and brought more than 10,000 property sales in total. The combined figures published […]
Duna House Group reports to have been out of the COVID-crisis by the fourth quarter of 2020. Besides the Group's real estate brokerage arm that reached new highs in Q3 2020 and grew by 13% year-on-year in the next quarter, the loan brokerage business line also reached new records with 34% year-on-year growth. A summary […]
Real estate venture Duna House Group says its crisis-resistant model has exceeded expectations by returning to its previous growth trajectory in the middle of the COVID-19 pandemic. A report by the Group on the website of the Budapest Stock Exchange highlights that net sales revenue increased by 11%, cleaned core EBITDA (earnings before interest, taxes, […]
Despite investor appetite remaining strong for the Central and Eastern European (CEE) region, year-end volumes are likely to reach EUR 10-11 billion, appr. 20% lower than in 2019, Colliers International reveals. Despite COVID-19 impacts on markets, flow volumes remain relatively healthy for the first three quarters of 2020 at appr. EUR 8 billion. Poland attracted […]
House prices fell by 5.6% in the second quarter of the Hungarian capital. Consequently, prices fell by some 2.5% compared to a year earlier, the National Bank of Hungary (MNB) reports. According to the latest MNB house price index data, house prices in Budapest declined year on year in nominal terms, which has been unprecedented […]
The “ExCEEding Borders: Industrial & Logistics Market in CEE-17” report discusses key trends, challenges, technologies, labor market and investment incentives in this sector. The I&L sector in the CEE-17 has become one of the most sought-after asset types since 2019, after Offices and Residential according to Colliers International, CMS and Randstad. The report revealed that […]
According to the latest house price index data by the National Bank of Hungary (MNB), house prices grew by 8.3% in Budapest in the period between 2019 Q1 and 2020 Q1. House prices were unchanged in Budapest quarter on quarter. As a result, this was the second consecutive quarter when house prices did not rise […]
Stagnating price indices, fewer transactions and record-high demand in the past few months – these were some of the features of the Hungarian property market in Q2 2020. This period was highly influenced by the socio-economic changes brought about by the COVID-19 pandemic. Of all the property market indices the one published by the national […]
According to a recent survey by Deloitte, almost nine out of ten respondents expect real estate market activity to decline in 2020. Between January and April this year, the perception of the players in the sector changed radically. Although more than half of the respondents expect only a short-term economic impact, 90% expressed a pessimistic […]
