At the national level, the real estate network Otthon Centrum (OC) has measured a 50% price increase in the Hungarian building plot market in one year. According to the summary sent to MTI on Wednesday, the average price of building plots increased to HUF 21,500 per square meter last year. In absolute terms, building plots […]
Market Group's two real estate development subsidiaries, Market Asset Management and Property Market, won three prestigious awards at the 15th Real Estate Awards gala, the real estate group informed MTI on Friday. The BEM Center office building was named Commercial Development of the Year and Greenest Project of the Year, while the Kimpton BEM Budapest […]
The year 2024 brought a recovery in the market for residential property for sale, partly due to lower lending rates and the additional subsidy for housing loans; according to last year's data and the current outlook, the housing market can expect to continue from momentum in 2025, according to ingatlan.com's own advertising data, MTI reported […]
The Real Estate Developers Round Table (IFK), an association of the largest Hungarian real estate developers, has called attention to the over-design of Hungarian "A" and "B" class office buildings, their oversized energy capacities and the resulting higher operating costs and carbon emissions. Together with the ABUD Engineering Office, the interest grouping has formulated professional […]
“The wonderful capital, Budapest, with its unique location and rich historical and cultural heritage, is a magnet for everyone. It has also been a focus for foreign real estate investors for many years, mainly due to the boom in tourism, as fortunately the Hungarian capital remains a very popular destination for European city breaks. That […]
The vacancy rate in the domestic commercial real estate market rose in the first half of the year, while the stock of real estate is set to expand. Hybrid working is not good for the market either. The first half of the year saw rising vacancy rates in the office and industrial-logistics markets, while ongoing […]
Otthon Centrum Group's Polish subsidiary Freedom Holding has acquired an 88.2% majority stake in Investor Nieruchomości, one of the leading real estate brokerage networks in Poland, Otthon Centrum (OC) informed MTI on Wednesday. According to the statement, the agreement is aimed at acquiring a leading position in the Polish real estate market, strengthening the market […]
Hays Hungary Ltd., part of the Hays Plc. group, the world’s leading recruitment company will move to ACADEMIA, and continue to support thousands of employers and jobseekers from one of the most prestigious office buildings with ESG focus in the city center of Budapest from the fall of 2023. A statement by the property agency […]
Duna House Group`s revenue grew by 89% to HUF 8.9 billion and EBITDA tripled to HUF 1.6 billion in Q4 2022 compared to the previous year. For the full year 2022, consolidated revenue doubled to HUF 30.3 billion and EBITDA jumped by 120% to HUF 4.4 billion, the company reported on the website of the […]
The Hungarian real estate market plunged to a new low in January 2023, after stagnating in November and December. The 5,853 sales estimated by Duna House nationwide represented the weakest start to the year in 10 years: the last time there were fewer transactions in January was back in 2013, the property agency Duna House […]
Duna House Holding Plc. (DHG) has informed the capital market participants on the website of the Budapest Stock Exchange that it has increased its ownership in the Italian Hgroup S.P.A. from 70.00% to 71.14% on December 6, 2022 and subsequently to 77.13% on January 26, 2023 by purchasing shares from three minority shareholders who no […]
Duna House Group closed the third quarter (Q3) 2022 with 120% year-on-year growth in revenues to HUF 8.4 billion and 60% increase in EBITDA to HUF 904 million, the Group has announced on the website of the Budapest Stock Exchange. Following the strong results of Q2 2022, the Group`s core profit lines have declined from […]
The real estate market in Hungary in 2022 presents a changing picture: after a strong first and a slightly softer second quarter, the segment closed its weakest quarter ever this year, thanks to a subdued first autumn month, according to the latest Duna House barometer published on the website of the Budapest Stock Exchange this […]
Duna House Group’s closed Q3 with declining volumes compared to the record levels in the first two quarters, as an aggregate of three very different market factors. The performance of the Italian subsidiaries continues to be strong, only the significant seasonal impact of August lowered the volumes compared to H1 levels. Volumes declined moderately and […]
