As a result, property investments now account for 35% of the fund’s total assets, up from the previous 33%. At the same time, the value of the entire portfolio declined from Ft 124 billion to Ft 123 billion due to currency rate fluctuations, a major factor in the assessment of real estate holdings as rates for office space are typically concluded in euros, according to a company newsletter. Raiffeisen is expecting this trend to continue in the coming months. (Napi Gazdaság)
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