Your NO 1. guide on the Hungarian Real Estate market
- A thorough overview on the Hungarian real estate market.
- Analysis & forecast on: offices, retail, hotel, industrial & logistics and property investment.
- Insights on sustainability, workspace, construction, and economy.
- Special article on the growing regional cities of Hungary.
- 30th anniversary interviews with past MDs of our office.
In this years edition, you'll find:
Stay ahead of your industry:
Office
Prepare from our analysis on key KPIs, and our latest insights on market activity.
Industrial
Learn the numbers behind the hottest asset class, and dig into the details of the BP vs the regional market.
Regional Cities
Explore remarkable cities of the country-side, which may turn to be the next hit of the CRE market.
Understand the senti-ment on the market, and learn about the performance of all asset classes.
Property Investment
As 2024 marks the 30th anniversary of our office, we've intended to make this year's The View special, with some extra content for you.
Besides the usual analysis of the Hungarian market, we've added a chapter exploring the up-and-coming real estate hubs of Hungary: Debrecen, Szeged, Pécs, Miskolc, and Győr.
Furthermore, we'd like to invite you on a little throwback. In this issue, you can read interviews from all of our past Managing Directors commemorating their tenure. You'll also find inside a nostalgic collage of pictures from the last 3 decades.
I hope you'll find our magazine both interesting and valuable.
Lóránt Varga
Managing Director
Take a sneak peak of the contents:
Hotel
Average daily room rate in Budapest hotels stabilized at highest level in CEE.
This is backed by the robust increase of international tourists in Budapest – up by 24% on last year’s level, almost matching pre-Covid figures.
Retail
Due to lower inflation and strong wage dynamics, Hungarian retail sales are back on the growth path in 2024.
Nevertheless, the consumption is still short of expectations as households continue to save more and spend less.
Office
Stronger demand was not enough to absorb the increased new volume coming to the market hence vacancy moved further up.
Rental rates are being pushed out by low availability in the prime segment though.
Industrial
Annual completion is declining by ca 15% from last year’s historic peak; we expect further normalization in coming years.
This will help to stop vacancy increase and restore value growth in the coming years.
Regional cities
In our country, the capital region has a share in GDP close to 40%, which is the highest value in the EU together with Ireland and Greece.
This unfortunate imbalance can be improved by major economic investments throughout the regional cities.
Property Investment
More activity is expected on the property investment in H2 as the global yield cuts are nearing.
However, we need to see some large portfolio deals close in Hungary to reach last year’s volume.
Lóránt Kibédi Varga
Managing Director
CBRE Hungary
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The View has always been a fundamental product of our company’s collective knowledge. This is how we would like to give back to the industry every year since it’s launch back in 2016.
Here, you can see the cover pages of every issue released. We hope that you recognize some of it. Please welcome this year’s 30th anniversary version in the long line of magazines.
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