The commercial real estate market was generally characterised by favourable trends in H1 2022, but in the latter half of the year, risks associated with the business cycle increased in Hungary. Vacancy rates have increased since and are expected to go up for the rest of this year, the Hungarian Central Bank (MNB) reports.

Like many CEE investors, Futureal has adopted a wait-and-see policy, but when prices dive further, they are ready to step in if a suitable asset is seen on the horizon. Property Forum asked Gábor Futó, Co-Founder and Co-Owner of the Group about the company's future projects and investment drives in CEE.

A fund of the Generali insurance holding has sold a set of properties in the centre of Prague. The new owners of the individual houses are two companies, a manufacturer of sanitary equipment and a developer. All parties refused to comment on the transactions in detail, writes the online daily Seznamzpravy.cz.

CA Immo has successfully signed and closed the sale of the Vizivaros Office Center in Budapest. The building is located in the Central Buda office submarket in the western part of Budapest, comprises around 14,200 sqm of total lettable space and was 96% let with annualized gross rental income of around €2.5 million as of 31 December 2022. The buyer is the FLE SICAV FIS real estate fund managed by FLE GmbH.

The first phase of Futureal’s Corvin Innovation Campus was built as the extension of Corvin Promenade and is home to IBM Hungary's new head office. The global technology company has already moved into the building equipped with almost completely contactless solutions.

As a result of a legal dispute between real estate tycoon Radovan Vítek's CPI Property Group and businessmen Marek Čmejla and Jiří Diviš, a Cypriot court has reportedly ordered banks to freeze CPI Property Group's assets worth almost CZK 13 billion (€553 million), according to the German economic newspaper Handelsblatt, cited by the Czech daily Hn.cz. CPIPG, however, denies the German newspaper's information, saying that the interim measure is not in force and that no accounts have been seized or assets were frozen.

The residential market in Romania registered a record number of deliveries of 73,332 new homes during 2022, up 3% compared to 2021, driven by the growth in regional cities, according to a report by Colliers Romania.

Stanimir Yordanov is the newly appointed Head of the Design and Project Management Department at Avalant. The company launched its new service in mid-April 2023.

Ann Gray FRICS, President of the Royal Institution of Chartered Surveyors (RICS) and President-Elect Tina Paillet FRICS spoke to Property Forum at MIPIM about the recent and upcoming changes in the organization, innovative carbon reduction standards and creating equal opportunities in the property industry.

Ѕоfіа hаѕ ѕееn а dесlіnе іn thе numbеr оf residential trаnѕасtіоnѕ fоr a thіrd соnѕесutіvе quаrtеr. According to the latest data from the National Statistical Institute for the first quarter of the year, property sales in the capital shrank annually by 12.2% and reached 6381.