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Real estate

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The would-be Agora Park in Budapest | HB Reavis

Real estate awards for HB Reavis

D&T
Feb 14, 2018

The HB Reavis real estate development group's Agora Park and Showroom was named ‘Best Community Place of the Year 2017’ among 35 entries while the Agora Budapest project was voted as ‘Best Planned Commercial Real Estate Project of the Year 2017’.

Market Central Ferihegy | marketcentral.hu

New owner for Market Central Ferihegy

D&T
Jan 15, 2018

Erste’s real estate fund 'Erste Ingatlan Alap' has acquired the Market Central Ferihegy retail park together with the adjacent Quadrum office complex from AIG/Lincoln, eurobuildcee.com reports. This is the largest retail park in the country.

| Shutterstock.com

2017, a record year in Hungarian flat sales

D&T
Jan 8, 2018

In December 2017, 9,787 real estate transactions took place in Hungary, which is a decrease compared to November, but still higher than in the last month of the previous year, according to Duna House's latest transaction estimate.

Cushman & Wakefield's office in Budapest | Balázs Mohai /MTI

Cushman & Wakefield center to Budapest

D&T
Oct 31, 2017

The international real estate consultancy firm Cushman & Wakefield has chosen Budapestas the new venue for its Portfolio Services Center (PSC) department. The new investment, supported by the Hungarian government, is expected to create 250 new jobs.

Aréna Plaza shopping center

Budapest shopping mall sold to South African firm

D&T
Sep 19, 2017

South African real estate investment firm NEPI Rockcastle announced that, on September 15, 2017, it acquired all the issued shares of Aréna Plaza shopping center in Budapest through its subsidiary, Arena Property Ltd. for EUR 275 million.

GraphisoftPark Building C1 | source: GraphisoftPark

Graphisoft Park expands further

D&T
Aug 11, 2017

According to information published at the website of the Budapest Stock Exchange, in the framework of the developments tby Graphisoft Park, there will be 20,000 m2 office space and underground parking for 750 cars constructed by 2018.

The Eiffel Palace office building in Budapest | source: Horizon Development

Budapest's Eiffel Palace sold again

D&T
Aug 8, 2017

The National Bank of Hungary has sold heritage protected Eiffel Palace, a downtown office building in the vicinity of the Nyugati railway station in the Hungarian capital, to the Luxembourg-based Corpus Sireo Real Estate investment fund for EUR 53.8 million.

Budapest | Sándor Laczkó

Apartment prices soar in Budapest

D&T
Jul 28, 2017

In 2016, the price of apartments for sale increased by 13% year on year, and the rise in new home prices also exceeded 10% in Hungary. During the first quarter of 2017, the price increase continued in the real estate market.

The Budapest and Hungarian real estate market | source: GKI

Real estate indices are up in Hungary

D&T
Feb 7, 2017

In January 2017, the Budapest and the Hungarian real estate market indices of GKI-MGYOSZ stood at +4 and +2 points respectively. The index figure in Budapest was slightly up (within the error margin), while the national index has increased 3 points.

Budapest - view from the Buda Castle | Sándor Laczkó

EU record home price rise in Hungary

D&T
May 16, 2016

The latest home price index analysis by the Hungarian mortgage bank FHB suggests that home prices in the country rose by 14% on average from a year earlier, the biggest increase seen in a European Union member state.

| Nándor Mester

Office for lunch, hotel for dinner

D&T
Sep 6, 2015

More commercial real estate portfolios are changing hands than ever before as international investors rush to obtain first class assets in Europe and Budapest is getting in on the trend.

| Nándor Mester

Demand boosts the office market

D&T
Jul 22, 2015

Growth prospects for the European economy are showing improvement in 2015, which creates greater business confidence in office tenants. This is already having an impact on the demand for offices, which increased by 4% year-on-year. The tightening supply of prime office space in Europe is causing prime rents to accelerate.

Budapest office building | source: irodahaz.com

Budapest office market vacancy rate drops

D&T
Oct 16, 2014

In the third quarter of 2014, the total Budapest office stock (including owner-occupied and speculative buildings) reached 3,219,380 square meters. The vacancy rate came in at 16.9% in Q3, down 0.7% quarter on quarter and 1.7% year on year.

TWD Investments CEO Zsolt Dámosy | Dávid Harangozó

Hungarian expert in Sierra Leone

D&T
Jun 19, 2014

Recognizing difficulties on the real estate market in Sierra Leone, West Africa, the Hungarian firm TWD Investments Plc. - drawing on the knowledge of its owners about local conditions and the experience of its management - plans various projects in that country.

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