Property investment in Hungary higher in Q2 than in last two years
The European Industrial and Logistics market experienced record levels of investment in Q2 2015 with the total volume reaching €6.1 billion and more transactions taking place in Hungary in the first half of 2015 than in the past couple of years, according to a press release issued by global real estate advisor CBRE.
“The demand has also increased for empty buildings,” says Gergely Baka, Head of Industrial Agency at CBRE Budapest. “In our experience, the Funding for Growth Program of the Hungarian National Bank also improved the enthusiasm for real estate investments by small and medium-sized enterprises. The types of the most sought-after properties are diverse: city logistics parks, big box buildings, as well as individual production facilities,” says Baka, adding that “we hope that trend continues and the demand will increase according to our expectations.”
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.