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Hungary’s real estate investment volume up 61% in 2015

Hungary’s real estate investments were up by 61% in year-on-year terms in 2015, and are foreseen to rise further this year as investors show increased interest in making investments, property consultant CBRE said today in a report.

“A high level of interest from both international, mostly American institutional investors and domestic investment funds has led to increased activity in Hungary”, Gábor Borbély, Head of Research and Consulting at CBRE Hungary said. “Transactions could go towards the dominant retail sector, where retail turnovers have risen by double digits in some areas”,  he added.

Hungary, along with most CEE countries, performed well in 2015 in the real estate market, with a strong growth in transaction volumes, CBRE said, adding that investment in core-CEE countries, including Hungary, reached €8.4 billion in 2015, a 14% increase on 2014 numbers and well above the forecast numbers.