The investment volume on the Hungarian commercial real estate market hit €1.54bn in 2016, up 107 percent from the previous year, according to the latest figures published by CBRE. Growth in the office market was up 129 percent y-o-y, bolstered by increasing demand for second- and third-class properties. Investment turnover of retail properties also increased by a significant 203 percent, due in part to the Mammut shopping center acquisition.
“We are expecting a strong turnover in the Hungarian commercial property market also for 2017. The stable economic growth and the increasing household consumption make the country attractive for investors, and moreover, all three credit rating agencies graded Hungary ‘suitable for investment,’ thus more institutional investors may enter the market,” said Lóránt Kibédi-Varga, managing director of CBRE Hungary.
