Total commercial real estate investment transaction volume in Hungary reached €270 million in the fourth quarter of last year, pushing the 2016 volume to above €1.7 billion, the highest annual figure since 2007, according to JLL Hungary’s latest preliminary statistics. Offices at Forefront
DetailsThe office real estate market is poised to deliver another solid performance as we enter 2017 – was argued at the Portfolio Property Investment Forum 2016, the most important event of the Hungarian real estate market.Demand for office property in Budapest is at its strongest for a decade with a steady level of transactions holding prices firm and rents on the rise, with capital values in the city since the market returned to growth in 2014 tempting investors back into the market. The whole Hungarian office sector is managing well at European level
DetailsThe financial sector dominated the office market in the capital of Hungary before the global economic crisis. The greatest number of new offices were leased by the banks, new prestigious headquarters were built for them. The situation currently has changed: the most influential investors are from the information and communication technology sector. Leading IT companies are building new headquarters, and the globally influential Hungarian companies are moving into bigger offices.
DetailsIstván Tarlós, mayor of Budapest explained at a press event earlier that he has seen the visualisation designs of the 120-metres high skyscraper planned to be constructed at Kopaszi-gát; in his personal opinion, the location is suitable for construction, similarly to the intersection of Róbert Károly and Váci Avenues, where, according to latest reports, a 90 metres high office building is planned to be developed – reports Hungarian online news portal Index.
DetailsKGAL Group, a German assessment management company has purchased Eiffel Square, an office complex situated at the centre of Budapest, from previous owners Europe Capital – announced Dentons, a legal advisor company assisting in the transaction, to the Hungarian Telegraphic Office.
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