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New Development on the Ever so Popular South-Buda Office Market

Bischoff & Compagnons has commissioned CBRE exclusively with the leasing of the Alphagon office building.

Investment in CEE Real Estate in 2017 is likely to surpass a record breaking 2016 year

2016’s record-breaking EUR12.2bn investment in the real estate sector in the CEE region is likely to be surpassed in 2017 – this is according to CEE Real Estate Investment Compass 2017 published by Colliers International, a global leader in commercial real estate services, and international law firm CMS. The sources of investment flows into the CEE region are also expected to remain diverse in 2017, with Asian and CEE investors becoming increasingly active in the real estate market.

All time high investment volume is expected this year

In 2017, following its international assessment CBRE has created a survey among real estate investors in Hungary asking them about their market expectations. At the traditional springtime CBRE Investment Breakfast investors turned out to be optimistic about the future. 43% of the respondents stated that the investment market might grow even by one-fifth from last year’s EUR 1.5 billion, and 23% stated that this year they might reach their highest turnover ever.

Buy-Way Dunakeszi welcomes new tenants

Cushman & Wakefield acting on behalf of the owner, CPI Property Group has successfully leased close to 3,500 sq m retail space in Buy-Way retail park in Dunakeszi, Hungary.

Rising Construction Costs and Lack of Skilled Labour Force Make Recovery Difficult

The current forecast for total construction volumes shows increases of 8% and 12% for 2017 and 2018, respectively. The barriers for the realization of the developments are the rise of construction costs and the lack of skilled labour force. CBRE expects that these issues raise risks of delivery delays and decrease of developers’ profit margins.

Valuation: Risks can be avoided

Valuation during the sale, purchase or leasing of real estate is a complex process where the property’s market value is shaped by a number of factors. The majority of CBRE’s valuers are experts registered with RICS, a globally-recognized organization working to implement the highest professional international standards. CBRE’s staff’s professionalism paired with outstandingly high value insurance, guarantee a reliable and well-founded valuation and ensure the protection of clients.

Londos-Berlin: neck to neck in the race for investors

London has been ranked as the most attractive European city for real estate investment for the sixth consecutive year, according to CBRE’s annual Investor Intentions Survey being launched at MIPIM 2017. 17% of respondents cited London as their preferred destination for real estate investment. Berlin has jumped to second place in 2017 from fourth in 2016 while Budapest placed tenth along with Frankfurt and Munich.

GALCAP EUROPE acquires prestigious building in the center of Budapest

Vienna-based investment manager GalCap Europe has acquired "Merkur Palota" (the Merkur Palace) a fully renovated, prestigious office building in Budapest.