The provisional progress for 2016 contains a single-number vacancy rate and an investment revenue of 1 billion euros in the Hungarian capital. The office market in Budapest saw a significant rise in pre-leases, reaching a number last experienced in 2009 – a total area of 121 000 m2 –, while there were hardly any office spaces left to rent. 2015 was the year that Budapest surpassed its regional competitors, Warsaw and Prague with regards to vacancy rates.
DetailsHB Reavis has launched in a 136,000 sqm project in office park with serviced offices. The new mixed-use complex is to be carried out on a 3-ha site at the junction of Váci Road and Róbert Károly Boulevard. They expect to complete the first building of this significant complex in 2018. “This iconic project is designed to herald a new era in the Hungarian office market”
DetailsThe office estate market in Budapest has maintained its level of progress for 2015, which started in 2014, and has set a new record of rental rate, surpassing the earlier milestone – as reported by Cushman & Wakefield.
DetailsThe Hungarian government’s plan to support the development of new housing should include measures to encourage the construction of energy-efficient homes. The following piece based on parts of an article written by Michael LaBelle and Sergi Moles Grueso at Central European University (CEU). A price drop of 25%
DetailsThis post contains parts of an article written by Michael LaBelle and Sergi Moles Grueso at Central European University (CEU). Long-term solutions for high energy bills
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