EUR 1.72 Billion Invested In Hungary’s Real Estate Market Last Year

  • 23 Jan 2020 11:30 AM
  • Budapest Business Journal
EUR 1.72 Billion Invested In Hungary’s Real Estate Market Last Year
Last year, EUR 1.72 billion was invested in the domestic real estate market, according to the latest analysis from real estate services firm CBRE, writes portfolio.hu.

As in previous years, the office market dominated, accounting for almost half of the total volume. This was followed by the retail, hotel and industrial real estate markets.

Domestic investment volumes remained strong in the fourth quarter of 2019, as EUR 427 million of investment capital came to the market. This brings the annual volume to EUR 1.72 bln, the second strongest year in the current property market cycle.

CBRE registered a total of 55 transactions during 2019, reaching an average size of EUR 31 mln. Some of the largest deals and players in the quarter included the KÖKI Terminal Shopping Center and the five-star Sofitel Budapest Chain Bridge hotel, bought by Adventum , the OTP Prime Real Estate Investment Fund, and the Corvin Technology & Science Park, portfolio.hu notes.

  • How does this content make you feel?

XpatLoop Media Partner

Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

Explore More Reports

  • Al Habtoor Group To Expand With New Regional Office In Hungary

    Al Habtoor Group To Expand With New Regional Office In Hungary

    • 10 Feb 2020 12:04 PM

    Al Habtoor Group (AHG), the leading UAE business conglomerate, is soon set to open a regional office in the Hungarian capital of Budapest, to service its existing European operations and scout for new investment opportunities.

  • EIP Plans 300-Room Hotel In Budapest

    EIP Plans 300-Room Hotel In Budapest

    • 14 Jan 2020 10:57 AM

    Czech-based Europa Investment Property (EIP) is planning to build a 300-room hotel in Budapest’s 10th District on Hungária körút, according to reports.

  • Investors Losing Interest In Hungarian Property Market

    Investors Losing Interest In Hungarian Property Market

    • 14 Nov 2019 7:33 AM

    Hungary’s property market is on track for a strong year in 2019, despite weaker growth in the spring and summer months, according to the monthly barometer of real estate brokerage Duna House.