Hungary's resi market in 2023 to copy results of 2022

02
Oct
2023
News - Hungary's resi market in 2023 to copy results of 2022 #Duna House #Hungary #mortgage #residential

by Property Forum | Residential

The number of transactions this year is likely to catch up with last year's results, brokerage firm Duna House reports. 


The number of residential transactions in September was nearly the same as the previous month. Due to the lower basis in Q4 2022 and growing market activity this summer, the last quarter is likely to appear much stronger, Duna House emphasized in its monthly report. 

There were 8,067 transactions in the ninth month of the year and a HUF 50 billion mortgage loan was taken out. Credipass, Duna House's lending arm expects a good performance in the last quarter which, according to the company, will result in a higher amount of new loans than a year ago.




Latest news


New leases

  • Teva Pharmaceuticals has relocated its offices to Budapest-based Corvin Skypark. The deal covering 653 sqm was brokered by iO Partners.
  • Nowy Styl, a European leader in office furniture solutions, has signed a lease extension at the Oxygen Park office complex. The tenant occupies approximately 550 sqm within the project.
  • iLogic, an official distributor of Delphi Tools, has leased 3,400 sqm of modern space at MLP Wrocław. This transaction completes the commercialisation of the 66,000 sqm warehouse complex. BNP Paribas Real Estate Poland supported the tenant during the negotiation and lease agreement process.

New appointments

  • NEPI Rockcastle has nominated Zelda Roscherr as an Independent Non-Executive Director. Roscherr will stand for election at the Annual General Meeting (AGM) in May 2026. André van der Veer, currently an Independent Non-Executive Director, will retire at the conclusion of the AGM and will not seek re-election.
  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.


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