CA Immo has completed the sale of Millennium Tower I, an 18,800 sqm office building in Budapest's Central Pest office submarket, to ultra-low-cost airline Wizz Air, for an undisclosed sum. The transaction continues the company's strategic capital rotation programme to focus on high-quality, modern office properties in core markets.

Polat Hungary Kft. has negotiated a 3-year financing agreement with Raiffeisen Bank Hungary for €60 million to develop the Seven Pearl residential complex in Budapest's historic 7th district.

Hungarian real estate company Wing announced on LinkedIn that Dr. Katalin Walter has joined the company as Deputy CEO, effective 5 January 2026.

The Hungarian property market experienced a significant turnaround this year, characterised by diverse buyer preferences. Investors, panel apartment seekers, and family house buyers were all active, though not simultaneously. According to data from property portal zenga.hu, interest levels in 2025 showed major fluctuations across property types, conditions, and sizes.

Property price increases in Budapest moderated in November, with annual growth dropping by one percentage point according to data from property portal zenga.hu. While the capital experienced stronger activity in the first wave of this year's property boom, demand has shifted towards the agglomeration in the second half of the year.

London's New Bond Street has been crowned the world's most expensive retail destination for the first time, while Budapest's Fashion Street posted the biggest gain in CEE, according to Cushman & Wakefield's Main Streets Across The World report.

Living, Wing's residential development brand, has announced a new project that will feature 48 apartments, across five villa-style buildings, which is expected to complete in Q4 2027.

Charles Boudet, CEO of iO Partners, described for Property Forum how AI and digitalisation are reshaping real estate in CEE. From innovative tools like iO4Land to strategic expansion in Austria and Serbia, the company is looking to drive efficiency, growth, and resilience across multiple sectors.

The Duna Plaza shopping centre in Budapest will undergo a comprehensive renovation as part of an investment by Indotek Group. The redevelopment will expand the building beyond existing retail areas to include community meeting and experience centre functions, with construction expected to begin in early 2027 and the mall reopening in 2029.

CTP has secured a major international logistics firm as tenant for 80,000 sqm of build-to-suit space at its new CTPark Budapest-Érd in Hungary. The logistics operator signed a long-term lease for the distribution hub, which will be delivered in Q1 2027.