Between 2010 and the second quarter of 2011, house prices and rents in the EU followed similar paths. Since the second quarter of 2011, they have followed very different paths: while rents increased steadily throughout the period up to the fourth quarter of 2020, house prices have fluctuated significantly, Eurostat data reveals.  

Publicly traded Hungarian real estate brokerage firm Duna House has released its metrics for the first quarter. Duna House started the year with record quarterly volumes in all of its core business lines in the middle of the third wave of the COVID-19 pandemic. After a series of record highs in 2020, the first quarter, which is usually weak seasonally, brought all-time records in both real estate and credit brokerage in 2021: franchise real estate brokerage grew by 36%, own office real estate brokerage by 37% and credit brokerage by 6% year-on-year.

John McKie will join CA Immo Hungary as Managing Director from 1 June 2021. In this function, he takes over responsibility for the Hungarian business activities, including asset management, leasing, marketing and tenant relations.

Immofinanz has sold four office buildings in Warsaw to the Indotek Group, a Hungarian real estate firm. The buildings have a total rental space of approximately 45,300 sqm. The sales price amounts to €72.5 million.

Hotel chain Accor has signed a management contract with the owner of Binderbubi Hotel & Spa in Mediaș. As part of the agreement signed with local company Daflog, the hotel will be the seventh in Romania to join the Mercure network. 

Hypermarket chain Kaufland, part of German Schwarz Group, has increased its investment target in Romania in 2021. In 2020, the company opened 20 new stores, purchased land, and carried out upgrade works as part of a €300 million investment effort. 

Romanian developer Nordis Group has announced the acquisition of several plots of lands with a combined surface of 23,000 sqm in the seaside resort of Mamaia. 

UK investor Aberdeen Standard European Logistics Income PLC (ASLI) has signed an agreement for the acquisition of the Panattoni Lodz City VIII logistics park for €28 million.

Czech investment fund Investika has appointed real estate advisory firm Savills as property manager for its new acquisition Szyperska Office Center in Poznań. Savills will also once again act as an office leasing agent for the building after a short break.

Hungarian state-owned NIPÜF Group, the developer of the Inpark Tatabánya industrial park, sold a two-hectare building plot to the Hungarian subsidiary of Soulbrain. The South Korean company will produce electrolytes for lithium-ion batteries.