According to a report by Cushman & Wakefield, Hungary’s economy grew again in the last quarter of 2015, with strong rise in GDP helping to drive down unemployment. The last three months of 2015 saw a number of significant real estate investment transactions concluded, bringing the year-end total to more than €415m for the office sector alone. Several large deals were completed, the largest of which was Volksbank’s sale of Duna Tower to GTC in Budapest. With investor appetite still strong for prime assets remaining strong, C&W is predicting a continued flow of office investments to be completed during the course of 2016.
