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Hungarian Property Market Report, H1 2005 - Eston

2004 was a memorable year in the Budapest office market, a year when rental transactions hit record highs (230,000 sqm), real estate agency Eston said in its freshly published report on the Hungarian property market. These figures presumably will not be repeated, but the rate of newly opened and rented office space is still encouraging. In the first six months of the year, nearly 46,000 sqm of office space was opened in seven buildings, while rental transactions were up to 120,000 sqm on aggregate when coupled with extended contracts and pre-leases.