Hungarian commercial real estate market: office remains most popular investment asset

Office properties continued to be both the most abundant and attractive investment assets on the Hungarian commercial real estate market of 2020, according to the “Real Estate Intelligence Report 2021 – Hungary” publication. In its latest annual report, DLA Piper Hungary showcases the latest domestic real estate market trends based on the firm’s 2020 transactions, covering the aspects of purchasers, sellers, investors and securities.

The annual real estate market analysis of DLA Piper Hungary shows that investor confidence in office properties remained unbroken in 2020 and accounted for 60% of the firm’s transactions. The vast majority of these office transactions involved Class A office buildings in central locations of Budapest: the law firm states that they will be important long after the COVID-19 epidemic as a workplace and as an investment asset, according to market participants.

Due to the challenges and uncertainty caused by COVID-19, investment volume decreased by 20% compared to 2019; however, the Hungarian commercial real estate market continued to attract domestic and foreign investors.