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A Grandiose, New Project Could be Constructed at Árpád Bridge

Aug 15th, 2019
The office corridor in Váci út is being expanded by another project. The development belongs to the Czech-based UID group, which will continue their expansion in the European office market. In two years' time, the 80,000 square meter office projects development will begin, according to CIJ Europe....
Czech Project Árpád Bridge

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Experts expect more foreign investors in Hungary

Feb 2nd, 2016
The Hungarian market is currently one of the most attractive ones in Europe and will continue to be in the next year – and one of the main reasons behind that is the relatively high yield. Western European real estate markets are far ahead of the Hungarian market, the volume of investments there has already reached the pre-crisis levels. In the third quarter of 2015 there was a significant 25% increase in real estate investments on the European markets. In multiple countries like French,...

More and more tenants enter the office market

Feb 2nd, 2016
Turnover is increasing on the office and industrial estate rental markets in Hungary with more new developments on the horizon. Investors and tenants are becoming increasingly interested in office and logistics estates, but still the buzz is far volume from the housing market's. In the third quarter of 2015 contract extensions made up more than half of buyer demand. Profitability of the capital's market is still bad compared to other parts of Europe therefore it is still hard to find a...

Utilization is at a seven year high in Budapest

Feb 2nd, 2016
Utilization rate on the office market improved further according to data provided by the most recent surveys of GKI. Compared to six months before utilization increased in all examined segments, and in Budapest the rate reached 81%, which is the highest in seven years. The rate hasn't changed in Eastern Hungary in the past six months and still stands at 67%, however it increased to 75% from 69% in Western Hungary. In the last period demand has clearly increased, but unused capacity is...

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