Property Investments In Hungary Up In H1
- 24 Jul 2014 1:00 AM
Investors ploughed €286 million into the Hungarian real estate market in the first half of the year, a 35% year-on-year increase, property consultants CB Richard Ellis estimated.
More than €230 million of that was speculative investment and €50 million went to purchase empty former headquarters, said in-house analyst Gábor Borbély.
In Eastern Europe as a whole, 15% more capital was invested, while investments in Russia dropped 58%. There was a 300% increase in Romania.
Source: Hungary Around the Clock
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