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Real estate

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Skanska Launches New Budapest Landmark Project

D&T
Aug 7, 2020

Skanska, one of the leading development and construction companies in Europe. invests about EUR 65 M in the first phase of the new office complex H2Offices located in the Hungarian capital. The project will offer a total leasable area of about 26 000 square meters. Designed to obtain WELL and LEED certifications, the project stands […]

Promenade Gardens Wins Prix d’Excellence Award

D&T
Jul 30, 2020

Horizon Development’s Promenade Gardens office building was acknowledged with a World Silver Award at the FIABCI (the International Real Estate Federation) Prix d’Excellence Awards also known as The Oscars of the real estate industry. During the first 21 years of Hungary’s involvement in the FIABCI Prix d’Excellence Awards Horizon Development picked up five Silver and […]

Daikin Hungary Opens New Showroom

D&T
Jun 29, 2020

Daikin Hungary, a subsidiary of the Japanese multinational air conditioning manufacturing company Daikin Industries, set up its state-of-the-art showroom in the Promenade Gardens office building in Budapest. The A+ category commercial property on Váci Road owned by Erste Open-Ended Real Estate Investment Fund was developed and leased by premium Hungarian property developer Horizon Development. The […]

German Pension Fund Buys Office Building in Budapest

D&T
Jun 17, 2020

GalCap Europe, the real estate asset and investment manager specializing in Austria and Central Europe, has acquired another asset in Budapest for a German pension fund’s portfolio: the Rumbach Center. Rumbach Center now expands the existing CEE portfolio within the investor's specialized fund structure, which is under the administration of 2IP Institutional Investment Partners. It […]

Garages Become Expensive in Budapest

D&T
Jun 6, 2020

While outside Budapest, a private garage is worth on average HUF two million, you have to pay several times for that in the capital where a car storage place can be worth up to six million. The price is greatly influenced by the possibility of public parking and the built-up ratio of the area, according […]

The Virus has not Spared the Housing Market, Either

D&T
May 10, 2020

The expectations of housing companies clearly deteriorated in April 2020 compared to a quarter earlier – according to the survey of the Hungarian economic research institute GKI and Masterplast. The epidemic caused by the corona virus has crashed the already slowing housing market, so the outlooks have become much more modest. The value of Budapest […]

CEE Investment Scene

D&T
Apr 23, 2020

Residential tops the sectors in one deal across the CEE region but, offices (27% share) have maintained their place in the order of preference, closely followed by Industrial and Logistics (26% share) in the first quarter of 2020, according to the latest market report by Colliers International. Transaction volumes were very healthy in Q1 at […]

Budapest view with the Danube

Budapest Industrial Property Report

D&T
Apr 20, 2020

The Budapest Research Forum (BRF), which comprises the real estate firms CBRE, Colliers International, Cushman & Wakefield, ESTON International, JLL and Robertson Hungary, sets out below its Q1 2020 industrial market snapshot. In Q1 2020, 40,010 sq m of new space was added to the total modern industrial stock in Budapest and its surroundings, as […]

Residential building in Budapest

EMEA Government Responses in the Real Estate Market

D&T
Apr 15, 2020

Colliers International’ latest report “COVID-19 European Real Estate Markets Government Response” presents information on how the national governments across EMEA are supporting businesses with specific reference to commercial and residential rent/mortgage payments, business loans and grants, taxation allowances and business rates and household/individuals salaries. Concerning direct government support for occupiers and/or landlords with their commercial […]

Opportunities and Challenges in Extraordinary Times

D&T
Mar 25, 2020

Approximately 10% depreciation of most of the CEE currencies in February and March 2020 puts both landlords and tenants in a very unfortunate predicament, according to a fresh report by Colliers International. Countries that have not adopted the Euro, or are not pegged to it, have each seen about 10% depreciation in currency value, during […]

Green Court Office Reaches 65% Occupancy

D&T
Feb 12, 2020

Codic Hungary closed a very successful year in 2019 by securing an anchor tenant who will lease 11,300 m² in the Green Court Office building, due for completion in Budapest in early 2022. With this transaction, Codic Hungary’s latest development will reach 65% occupancy of its office spaces only seven months into construction. The tenant, […]

Changing Real Estate Market in Hungary

D&T
Jan 14, 2020

Q4 2019 data indicate that the property market is in a state of change in Hungary. The latest analysis by the Duna House property agency says that for the first time in many years, the majority of residential property indices of Duna House are falling, but the price index of brick and mortar apartments in […]

Budapest

House Prices: Strong Supply with Demand to Fall

D&T
Nov 18, 2019

In the first half of 2019, the annual growth rate of house prices accelerated to some extent at national level, while in Budapest, the annual dynamics slowed down from 24.8% to 22.5%, the National Bank of Hungary (MNB) reports. Although, the currently strong housing market demand is supported both by home starter programs and the […]

Property Transactions Plunge in Budapest as Prices Stagnate

D&T
Oct 29, 2019

The property market in Budapest has hit the brakes and the 9,941 transactions recorded in the first half of the year represent a significant 46% drop from the same period a year earlier, according to the weekly analysis published by Ingatlan.com. The average price per square meter of used properties in the Hungarian capital was […]

Weak Summer on the Hungarian Property Market

D&T
Sep 12, 2019

Property market turnover in August was weaker than the usual, producing the weakest summer season of the past four years. Because of a strong year start, the complete data of the first eight months shows no major decrease when compared to previous years, according to the latest Duna House Barometer report.On the Buda side of […]

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