ARTICLES LABELLED WITH TAG MNB

News Risks to mount in Hungary's CRE market
04
May
2023

Risks to mount in Hungary's CRE market

by Property Forum
The commercial real estate market was generally characterised by favourable trends in H1 2022, but in the latter half of the year, risks associated with the business cycle increased in Hungary. Vacancy rates have increased since and are expected to go up for the rest of this year, the Hungarian Central Bank (MNB) reports.
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News Residential prices fall slightly in Q4 2022 in Hungary
27
Apr
2023

Residential prices fall slightly in Q4 2022 in Hungary

by Property Forum
In Q4 2022, Hungarian residential property prices fell by 3.6% compared to the previous quarter. The Central Bank of Hungary (MNB) reports the sharpest decline was seen in smaller municipalities.
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News Hungary's MNB warns of mounting risks for CRE
05
Nov
2022

Hungary's MNB warns of mounting risks for CRE

by Property Forum
Rising energy prices and construction costs, the volatility and depreciation of the forint against the euro, rising interest rates and tightening financing conditions all represent challenges for the actors over the short term, the Hungarian National Bank (MNB) states in its fresh outlook. 
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News Hungary's central bank acts as housing market overheats
01
Jul
2022

Hungary's central bank acts as housing market overheats

by Property Forum
In recent quarters, the National Bank of Hungary (MNB) has measured substantial and growing overvaluation in the housing market, which has been coupled with an increase in banking sector risks related to lending. These risks have not decreased so far even with the uncertainty related to the war situation of the past months; hence, supporting banks' resilience with regulatory tools is warranted. The Financial Stability Board of the MNB has therefore decided to raise bank capital requirements and will increase the countercyclical capital buffer rate to 0.5% from 1 July 2023, for the first time since its introduction six years ago, Hungarian economic daily Portfolio.hu reports.
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News Hungarian market players expect tightening financing conditions
03
May
2022

Hungarian market players expect tightening financing conditions

by Property Forum
Geopolitical tensions hurt demand for commercial property, appetite for property development, financing conditions and property investment decisions over the short run, the Hungarian National Bank (MNB) reports.
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News Home prices continue to increase in Hungary, central bank report shows
18
Nov
2021

Home prices continue to increase in Hungary, central bank report shows

by Property Forum
Home prices in Hungary have increased further, with provincial cities showing an outstanding price rise and Budapest also becoming more expensive following a year of stagnation, the National Bank of Hungary (MNB) said in its latest Housing Market Report. The price gap between Budapest and county seats has decreased in 2021. On a national average, housing prices rose 13.3% year on year in Q2, including a 9.1% rise in Budapest and an 18.2% increase outside the capital.
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News Home prices in Hungary's Balaton region pass Budapest's
12
Nov
2021

Home prices in Hungary's Balaton region pass Budapest's

by Property Forum
Housing prices rose just 0.5% in Q2 2021 in Hungary, according to the Central Statistical Office’s (KSH) latest Housing Price Index. Year on year, the increase was 11.5% in Q2, partly because of a low base as prices fell slightly between April and June 2020 due to pandemic-related uncertainty.
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News Domestic investors close 80% of deals in Hungary
03
Nov
2021

Domestic investors close 80% of deals in Hungary

by Property Forum
The performance of sectors relevant to the commercial real estate market improved in the second quarter of 2021, while the positive impact of growth on the real estate market fell short of that observed in previous cycles, partly due to the direct impact of the pandemic (lasting drop in tourism) and partly to uncertainties resulting from the trends accelerated by the pandemic (penetration of home office and e-commerce), the National Bank of Hungary (MNB) said in its latest Commercial Real Estate Market Report. In addition to an overview of the office, warehouse, hotel and retail markets, the report also reveals that the ratio of domestic investors in all property deals was nearly 80%, even higher than in the especially active year of 2019.
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News Hungary’s Optima receives green light for GTC acquisition
29
May
2020

Hungary’s Optima receives green light for GTC acquisition

by Property Forum
The competition authorities of Poland, Hungary and Serbia have all granted consent for Optimum Ventures Private Equity Fund’s takeover of a majority shareholding (61.49%) in Globe Trade Centre S.A., a Polish company trading on the Warsaw Stock Exchange and Johannesburg Stock Exchange.
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News Wing raises €156 million for further expansion
19
May
2020

Wing raises €156 million for further expansion

by Property Forum
In order to expand its investment portfolio and implement its growth strategy, Hungarian investor-developer Wing has raised €156 million (HUF 54.7 billion) within the framework of the Central Bank of Hungary’s Funding for Growth Scheme. Corporate bonds subscribed by the central bank and other institutional investors have a maturity of 10 years and a yield of 3.56 percent.
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Latest news


New leases

  • Salzgitter Mannesmann Acélkereskedelmi Kft. has signed another long-term lease agreement in the ZenGarden office building in Budapest. The redesigned workspace will take up over 500 sqm in the building.
  • The New Balance brand has expanded the space of its showroom in Galeria Warmińska in Olsztyn, Poland. The American brand's shop currently occupies an area of almost 200 sqm.
  • GLP has signed a contract with Victaulic, which has leased 7,500 sqm of space in the newest building of GLP Poznań Airport Logistics Centre at Poznań's Ławica airport.

New appointments

  • DLA Piper’s Prague office has appointed a Corporate partner with a focus on technology Tomáš Ščerba, Real Estate partner Michal Hink and Banking, Finance and Restructuring counsel Leo Javorek.
  • Following Magdalena Sekuła's resignation from the Supervisory Board of LPP, and the reduction of the number of Supervisory Board members below the statutory minimum, the Supervisory Board appointed Jagoda Piechocka as a Supervisory Board member.
  • Florin Suicescu has been named COO of Forty Management. With over 30 years of management experience, he has held senior positions in real estate and hotel developments.


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