CBRE: Hungarian investment turnover almost triple in Q1 2015
Global real estate investors remain confident and their intentions are expansionary, with more than half planning to increase their acquisitions in 2015, CBRE’s Global Investor Intentions Survey 2015, published yesterday, reveals.
Globally, 53% of investors plan to increase purchases this year. Investor appetite for cross-regional acquisitions has increased significantly, with 38% of respondents intending to invest outside their own region this year – up from 28% in 2014.
Among these investors, 31% identified Western Europe as the top destination. Despite the slowdown in China, 27% of investors regarded Asia as their preferred investment destination, with economic growth there still outpacing other regions and continuing to offer significant long-term growth potential.
“Hungarian investment turnover almost tripled (looking at the 12 months rolling volume) in Q1 2015. This increase fits well into the global picture as Hungarian assets have excellent yield-risk profile now: occupational markets are improving and yields are still high enough to attract capital into the sector,” said Gábor Borbély, head of research at CBRE Budapest. “We expect that besides the ongoing high activity of local funds, cross-border investors will increase their exposure to Hungary in coming quarters, driving investment volume to €700-800 mln this year,” he added.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.