KPMG's new headquarters, spanning more than 8,000 sqm, will be delivered on Váci Road, Budapest, in autumn 2029. Designed entirely around the requirements of the advisory and audit firm, the project is notable for WING delivering a complete office building tailored exclusively to a single tenant, a construction model that is rare in today's Budapest office market. The transaction is also the largest new office leasing agreement in Budapest so far this year.

GTC has received the occupancy permit for Centerpoint 3, the newest phase of the Centerpoint complex in Budapest's Váci Corridor. The building offers 36,600 sqm of office, retail and service space and is developed to LEED Gold certification standards, with landscaped terraces and an internal garden.

Demand for residential property in Hungary continued to cool in June, with zenga.hu recording a 5% drop in interest in homes compared to May, and a 24% decline against last year's monthly average. Budapest saw the sharpest fall.

Danubius Hotels Zrt. is expanding its hotel portfolio through a new international franchise partnership. As a result of the agreement between Danubius and the Radisson Hotel Group, the Radisson Individuals brand will make its debut in Hungary. With this addition, Danubius now operates five international hotel brands.

The first quarter of this year saw a rise in annual house prices on the Hungarian market, but the second quarter lost momentum. According to the latest analysis from zenga.hu, listing prices for residential properties are still 14 percent higher year-on-year, but this is a slowdown compared to the 20 percent growth in the first quarter. On a quarterly basis, prices rose by just 0.3 percent, meaning that nationwide the increase has essentially stopped.

Industrial developer CTP is expanding its footprint in Hungary with its first development in the southern part of the country, located in Pécs.

Wing, the Hungarian privately owned real estate developer and investor active in Central Europe, has acquired Capital Square office building on the Váci út office corridor, from CA Immo.

To understand the trajectory of the Hungarian office market, we must look at the wave of new completions, a pivoting government economic policy, and the mid-term disruptive potential of AI, according to an analysis by Gábor Regős, Chief Economist at Gránit Asset Management.

WING Industrial is launching a new hall development at its logistics and industrial park in Vecsés. The development marks the completion of Airport City Business Park, which has reached its maximum buildable capacity.

Faedra Group is expanding its presence in the Budapest residential market with three new projects. Nova City, Yara Residence, and Luna Residence will deliver nearly 250 new homes, bringing the company's total residential development pipeline above 400 units.