ARTICLES LABELLED WITH TAG Hungary

Real estate investment volumes in CEE reached almost €10.7 billion during 2022, up 6.6% compared to the previous year, with Poland accounting for 54% of all transactions, trailed by the Czech Republic and Romania with shares of 14% and 12%, respectively, according to a report by Cushman & Wakefield Echinox. 

In 2022, a total of 333,210 sqm of new industrial/logistics space was added to the Greater Budapest stock, the Budapest Research Forum reports.

The Hungarian property company is bolstering its sustainability efforts by entering an agreement with the fast-growing Norwegian Proptech company Varig Technologies.

This is the first luxurious residential real estate project of the Hungarian developer in Spain. At the same time, the company announced a second project on the Costa del Sol.

The last month of 2022 brought a 0.7% decrease in rents compared to the previous month with prices in Budapest sinking by 0.9%, ingatlan.com reports.

Construction has just started in the second phase at East Gate Business Park. A total area of 9100 sqm will be available in the hall which offers space for production, assembly, fulfilment and storage purposes.

Primark's first Hungarian store which will be opened in NEPI Rockcastle's Arena Mall shopping centre in Budapest is part of the ongoing expansion of the global retail chain.

The Hungarian construction firm will offer modern office space after an extensive refurbishment of an educational facility in the downtown of Szeged, an important regional city in Hungary, szeged.hu reports.

As the European Union has proposed the move towards zero-emission buildings by 2030, a significant portion of the energy consumption of these projects should be covered by energy from renewable sources. This includes renewable energy produced on-site or nearby so property companies are starting to invest in such facilities in a bid to lower operating costs and meet targets under their ESG agendas. The investments in such capacities have been boosted by the high energy price environment and the need of property companies to enhance the security of power supplies.

Asset management firm Diófa and the Hungarian branch of Erste Bank have concluded a financing deal for seven years. The refinancing contract is worth €73 million, portfolio.hu reports.