Budapest Sees Increase In Vacant Premises
- 30 Dec 2020 9:53 AM
- Hungary Matters
The number of vacant commercial properties in Budapest increased in the second half of the year, with many permanent closures — mainly restaurants or entertainment venues — due to the pandemic, business daily Világgazdaság said.
There are 15-20% more vacant retail spaces in the capital than a year ago and there has been a 20-25% increase downtown, the paper said, quoting kiberelem.hu data.
But just as with the housing market, retail properties are expected to start making a recovery in 2021.
XpatLoop Media Partner
LATEST NEWS IN property