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 […]
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 […]
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’.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
The National Bank of Hungary has acquired new luxury real estates by buying a villa in one of Budapest’s most expensive 12th district for over HUF one billion forints back in February, and another property in the Castle District of for about HUF 800 million.
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.
