Hungary has the most dynamically developing commercial property market in the region

Portfolio.hu writes that the commercial property market is characterised by a positive atmosphere all over the region, but Hungary stands out regarding the amount of optimism in both the occupier and investment market – as it turned out from RICS’s newest Global Commercial Property Monitor.

The RICS (Royal Institution of Chartered Surveyors) examines, surveys the commercial property market of several countries. Their global commercial property monitors are the leading indicators of conditions in the commercial property occupier and investor markets around the world.

New record on the Hungarian investment market

The investment sentiment index has reached a record in Hungary (+48), thus illustrating the positive atmosphere in the investment market. Experts reported on the increase of investors’ interest in all three segments (office, retail, industrial), but the biggest expansion was registered in the office market. Meanwhile, the supply of property for investment purposes increased in the office sector while falling modestly in the industrial and retail segments.

The Hungarian and Czech markets are the most dynamically improving in the region, the interest in Poland has decreased slightly due to the political imponderability. According to Lóránt Kibédi Varga, CBRE’s Hungarian manager, the current increase will last until 2019, the question is how great the following cyclical decrease will be.

95% of respondents anticipate new investors entering the Hungarian market in the next year, while all respondents agreed that the rate of investors coming from other countries of the region would increase.