ARTICLES LABELLED WITH TAG MNB

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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News MNB fund sells stake in Budapest development project
23
Jan
2020

MNB fund sells stake in Budapest development project

by Property Forum
Optima Investment Ltd., which manages the assets of the Central Bank of Hungary’s Pallas Athené Foundation, has sold the majority stake of its Budapest development project, located on the Váci Road office corridor, to internationally-based Chi Fu Investment Group.
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News Persistently positive outlook on the Budapest market
29
Oct
2018

Persistently positive outlook on the Budapest market

by Property Forum
Rents remained stable on the Budapest commercial property market in H1 2018, according to the last survey of the National Bank of Hungary (MNB) and RICS. The typical yield level decreased by roughly 25 basis points to 6% for prime offices and 7.5% for industrial/logistics properties. Respondents anticipate an increase in demand for investments in most market segments for H2 2018, particularly in the case of prime office and industrial/logistics properties.
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Latest news


New leases

  • Online documentation and efficiency solutions company Craft Docs secured a 1,000 sqm of office space in the renewed Krausz Palace office complex in downtown Budapest. The company will move in August 2023. The startup has become the first tenant of the building, Jake Lodge, principal of Avision Young Hungary responsible for the leasing and operative management of the building said.
  • A new tenant has moved into the Eximius Park office complex near Kraków. GoE Wellness is a British healthy lifestyle start-up that is expanding its operations in Europe. The company's new office has an area of approximately 900 sqm and is located in building 200.
  • Galeria Jurajska is strengthening its offer. Three new tenants - fashion brands Quiosque and Lovisa and patisserie Lody Czewskie - will soon appear in the Częstochowa shopping centre.

New appointments

  • CPI Property Group is expanding its retail leasing department. Dariusz Kafara has been appointed as the new Leasing Manager. At the Warsaw branch of the company, Dariusz is responsible for maintaining the maximum level of commercialisation in two retail park chains from the group's portfolio - CityMarket and STOP SHOP.
  • Brian Nyeng Olesen, formerly head of commercial at the Salling Group, has been appointed as the new managing director of Netto Polska. The position was previously held by Hugo Mesquita.
  • M Core appoints Magdalena Kowalewska as the new Chief Operating Officer at LCP Properties, Poland. This comes at the same time that Krystian Modrzejewski has accepted a post as the Group Head of Expansion for Poland, where he will be responsible for realising the opportunity for land and asset acquisition in aid of portfolio growth. LCP Properties Poland is part of the M Core group, which brings together family-owned companies that invest in and manage real estate. It comprises LCP, Proudreed, Sheet Anchor, GIPAM and Evolve Estates.


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