Retail sales on the Hungarian market grew by 6.1 percent y-o-y during the first six months of 2015, according to the recent statistics published by CBRE. The results are the second highest in the CEE region and well above the EU average. Online retail sales for the same period grew by 16 percent y-o-y. Many shopping centers and retail parks in Budapest reported tremendous growth in H1, with turnover reaching double-digit levels in some cases, the statistics show, which has helped drive rents up. Prime rents for high-street units in the capital range between €80-€100/sqm/month. Yield levels are stable with the exception of prime high-street yields in Budapest. Due to a supply shortage in the prime segment, the lowest high-street yields are down to 6.75 percent,while prime shopping center yields are stable at 7 percent.
