ARTICLES LABELLED WITH TAG Budapest

Budapest's office market saw a robust third quarter in 2025, driven by strong demand and a significant year-on-year increase in net take-up. Despite no new office space being delivered, the market showed resilience, with notable activity on the Váci Corridor submarket, according to the Budapest Research Forum (BRF).

Skanska has leased the entire second phase of its H2Offices development project in Budapest while still under construction. Work began on the second building of the three-phase complex on Váci út in Q4 2024, with concrete structures now reaching the second floor level of the existing building. When completed, the second building will offer over 22,000 sqm of office space.

Zenit Corso, a new community center in Budapest's Zuglo district, is scheduled to open its doors on October 16. Located behind Bosnyak Square, the development functions not only as a shopping centre but also as a modern urban promenade, featuring stores from numerous well-known brands.

Living has completed the third phase of its Park West residential project in Budapest's District 13, with the final use permit now issued for the 230-unit development. The project, located in the Ferdinand Quarter on Szabolcs utca, benefits from brownfield status allowing buyers to reclaim 5% VAT.

CA Immo has sold the Bartok Haz office building in central Budapest to an institutional investor, marking the company's second property sale in the city in 2025.

The Duna House Group's monthly transaction estimate and mortgage forecast shows that 13,426 residential properties changed hands nationwide in Hungary in September 2025, with residential mortgage contracts reaching €106 million.

Recorde Asset Management, in partnership with Chapel Hill Capital, has acquired Science Park, a 30,700 sqm office complex in Budapest's 11th District. The transaction represents one of Hungary's largest office deals this year.

DRFG Investment Group has completed its first commercial property acquisition in Hungary by purchasing the Bartók Ház office building from CA Immo. Located in central Budapest, the property offers more than 17,600 sqm of leasable space. The transaction is part of the group's strategy to expand its real estate portfolio across Central and Eastern Europe.

Two hotel developments by Wing, the Ibis & Tribe Budapest Stadium Hotel and the Tribe Budapest Airport Hotel, have obtained BREEAM certification. The dual-branded Stadium Hotel is the first hotel in Hungary to achieve the highest rating, the BREEAM In-Use "Outstanding" category, joining only four hotels worldwide that hold this top-level sustainability certification.

Forestay Group and its financial partner Recorde Asset Management have signed an agreement with Marriott International to open a dual-branded hotel development in Budapest, featuring a Moxy Hotel and Residence Inn by Marriott under one roof.