More people shop in person than online at Hungarian malls

21
Apr
2022
News - More people shop in person than online at Hungarian malls #Hungary #Indotek #retail #shopping

by Property Forum | Retail

Most customers no longer visited shopping centres for traditional shopping purposes only, a non-representative survey conducted by Indotek Group revealed.


The real estate company which holds the most extensive retail portfolio in Hungary analyzed the shopping habits in 16 malls in its portfolio. Among other things, the survey looked at the frequency the customers visited the shopping centres, the amount of time spent there, the split between online and in-person shopping, and alternative shopping locations as well.

One of the main findings of the survey, which focused on shopping habits in 2021, is that more than 74% of respondents preferred shopping in-store to online last year. In terms of age, 81% of people aged 45 and over chose to shop in person, while younger participants, aged 25 and under, also had a high proportion, over 69% who chose to shop in the stores. The latter figure also reflects the ease with which young people shop online.

The survey also covered the frequency of the visits, with a clear majority of respondents going to the mall at least once a week and 36% of respondents visiting the mall a few times a month. According to the research, customers were keen to visit the malls despite measures introduced during the Covid-19 pandemic last year.

Regarding the time spent in the malls, the study revealed that people aged 45 and over are likely to spend less time in the malls than younger people: 55% of the former had been in the shopping centres for less than an hour, compared to 44% of those under age 25. The majority of younger people (47%) spent 2-3 hours in a mall in 2021.

More than 60% of the younger age group have been to the mall for other reasons besides shopping, for instance, the food court in the malls. The proportion is lower for the 45+ age group, with 47% of respondents indicating that they would have visited the mall specifically to eat. Aggregate figures show that nearly 57% of people surveyed have visited the malls to eat rather than to shop.

 




New leases

  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy