Investment in European property continued to gain momentum in Q3 with the return of big-ticket deals in major markets across the region, according to the latest market snapshot for Europe, the Middle East and Africa (EMEA) released by Colliers International, a global leader in commercial real estate services and investment management. Leading cities including London, […]
Duna House Group reached strong volume growth during the summer months of Q3 2021. Franchise real estate brokerage grew by 20%, own office real estate brokerage by 27% and loan brokerage by 103% on a year-on-year basis. In Q3 2020, COVID-19 already had no negative influence on the real estate markets, while some negative impact […]
According to estimates by the Duna House property agency, the number of sales transactions on the Hungarian residential property market recoiled and returned to early 2021 levels in the second month of the summer. The 11,185 transactions forecast by the property agency exactly equals the January 2021 and early summer 2020 figures, when the market […]
It can take up to a year and a half to sell an inherited property, according to the Duna House Barometer, with 17-18% of inherited properties in Budapest and the countryside sold in July, down from the same period last year. In rural areas, 25% of sellers put their inherited property up for sale, with […]
In the first quarter of 2021, the real estate business Duna House Group has significantly improved its profitability, while its EBITDA (earnings before interest, taxes, depreciation, and amortization) to sales ratio increased to 17%, while its clean core EBITDA reached HUF 471 million, which is 27% higher than in Q1 2020. A report on the […]
The population of Budapest fell by almost 13,000 in 2020, and there were fewer people living in the county capitals in January 2021 than a year before. In the agglomerations of the cities concerned, however, many settlements grew. At the same time, as a sudy by the real estate site ingatlan.com suggests, many settlements in […]
The Hungarian real estate development firm CORDIA INTERNATIONAL Plc., member of the Futureal Group, has published its Management Report for 2020, a year when the company managed to expand further. 2020 proved to be a challenging year and Cordia International ZRt’s business model was put to the test. On one hand, the VAT increase on […]
In its monthly Transaction Number Estimate and Mortgage Forecast, the Hungarian real estate firm Duna House shows that in April 2021 13,511 property transactions were concluded and residential mortgage contracts worth HUF 92-93 billion were signed in the whole of Hungary. The report states that following the exceptional rally of Q1 2021 property market activity […]
In parallel with the easing epidemic situation and the partial opening, demand in the Budapest rental market has strengthened by the beginning of May: compared to the low of HUF 126,000 in December, the average asking rent has now risen by 7.6% to HUF 135,000, according to a recent analysis by Rentingo.com. As reported by […]
Following an increase in the previous quarter, house prices fell by 1.4% in Budapest in the fourth quarter of 2020. Prices were 0.7% lower in the capital compared with the same period a year earlier. Down 0.4%, house prices also fell in rural cities in 2020 Q4. The annual increase in prices slowed from 8.7% […]
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, […]
