ARTICLES LABELLED WITH TAG Hungary

Gestor Befektetési Zrt. has sold the SZERÉMI Business Park in Budapest in an off-market transaction – one of District 11’s flagship urban logistics and mixed-use (office and warehouse) developments.

Foreign demand for Hungarian residential real estate surged in 2024, marking a return to pre-Covid activity levels. According to government statistics, non-EU nationals submitted 3,647 applications to purchase property in Hungary last year — a 23% increase compared to 2023. Of these, 3,485 were approved, according to the reports of brokerage firm Duna House.

HelloParks, part of Futureal Group, has started the construction of two new industrial and logistics facilities with a combined area of 88,000 sqm in Fót and Páty, located north and west of Budapest. 

Drees & Sommer, the consultancy for real estate, industry, and infrastructure, has announced the appointment of Christoph Schmidt as the new Managing Director of its Hungary operations. 

Workspace provider HB Reavis has announced the extension of a €160 million investment loan for the next 5 years.

IWG, the provider of hybrid work spaces, aims to reach 25 centres in Hungary by the end of this year.

Duna House has released its monthly estimate of residential property transactions and mortgage market data. According to the report, approximately 12,200 homes changed ownership across Hungary in March, while housing-purpose mortgage loans were concluded with a total contractual value of €310 million (HUF 125 billion)

Pan-European property investment conglomerate Indotek Group has announced the appointment of Florian Nowotny as Group CFO as of early March.

Shares in real estate company GTC were down 8% to PLN 3.99 on the Warsaw Stock Exchange since March 19, while the yield on its euro-denominated bond rose to 13% following financial issues related to its parent company, Optima Befektetesi Zrt.

Construction labour cost and availability have become the primary concerns for real estate developers in Central Europe, according to a new survey by Deloitte. This shift sees it surpassing project financing, which has been the dominant issue in recent years.