GKI Budapest property index slips, nationwide index unchanged
GKIʼs Budapest property index, a quarterly gauge of supply and demand as well as expectations of market players, slipped more than 1 point from the previous quarter to +2 points in April, while the nationwide index was almost unchanged at +1 point, economic research institute GKI said, as reported by Hungarian news agency MTI.
Householdsʼ plans to buy or build a home slightly weakened compared to the previous survey, but plans to renovate or upgrade homes changed little from a quarter earlier, GKI said.
The housing market index fell 7 points for Budapest and dropped 4 points for the country as a whole.
On the office market, both the Budapest index and the nationwide index rose 2 points. Average occupancy on the Budapest office market was 87% in the first quarter of 2017, up 1.5 points from the previous quarter. In the eastern part of the country, occupancy rose from 76% to 83%, while in the west, it remained unchanged at 80%.
GKI said the Budapest logistics property index rose 5 points and the nationwide index was up 2 points from the previous quarter. Occupancy at logistic properties was up 1% at 86% around the capital, rose 2 points to 84% in the western part of the country, and climbed 3 points to 83% in the east.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.