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Sections |
| Title | Starting Page | Number of Pages |
|---|
| Residential Real Estate | 4 | 1 |
| Office Real Estate | 5 | 1 |
| In the first half of 2008 turnover from office property transactions accounted for 55% of the total real estate turnover. In the second quarter of 2008 the total space of the new office buildings increased by 220,000 sq m on the year to 1.989 million sq m. | 5 | 1 |
| Class A offices totalled 1.265 million sq m in 2007, up by 181,600 sq m. Leasing activity was also on the rise in 2007, compared to the previous years. For the same period Class A office space in Pest was twice as much as in Buda side of the Hungarian capi | 5 | 1 |
| Retail Real Estate | 6 | 1 |
| The turnover, generated by retail real estate sector accounted for 45% of the real estate total turnover in the first half of 2008. Following the stepping of international retailers on the Hungarian retail market, the supply of new retail property space we | 6 | 1 |
| In April 2008 retail real estate in Hungary included shopping malls with an overall space of 2.3 million sq m. The shopping malls space in and around Budapest accounted for 65% of the total retail space in the capital. Some of the largest shopping and ent | 6 | 1 |
| Corvin Atrium shopping centre will be completed by 2012 . The building, part of a project for urban renewal in Central Europe, will comprise 150,000 sq m of office space and 3,000 flats. | 6 | 2 |
| Residential Real Estate | 8 | 3 |
| Austrian Erste Bank will finance the construction of a residential real estate, located in the Terrapark office and residential complex in Budaors, near Hungary's capital Budapest. | 11 | 1 |
| Hungary's Gestor Property Management will invest some HUF 6.0 bln (EUR 23.9 mln) in a commercial and residential project in downtown Budapest IX district. | 11 | 1 |
| In August 2006 real estate developer GTC Hungary, a subsidiary of Polish Globe Trade Centre SA (GTC), announced plans to invest HUF 10 bln (EUR 36.2 mln) in the construction of a residential complex in Budapest's XI District. The complex, called Sasad Reso | 12 | 1 |
| Olimpia Group, the Hungarian unit of Danish Nanette Real Estate Group NV, planned to start a EUR 110 mln residential project in Budapest. The project will have 1,800 homes along the Danube in the southeast of Budapest and is scheduled for completion in 201 | 12 | 1 |
| Dutch Central European Estates Bv (CEE) started a EUR 12.5 mln residential housing project in Budapest in November 2005. The Toscana Garden apartment block was scheduled for completion in the spring of 2007. Around 20% of the 225 apartments had already bee | 12 | 5 |
| According to Colliers International in the second half of 2008 office buildings supply will grow by 140,000 sq m due to the expected completions in the third quarter of the year. Demand and rents will be stable throughout the period. Vacancy rates will ris | 17 | 1 |
| Forecasts show that a total of 175,000 sq m of new class A office space will be delivered in Budapest in 2007. | 17 | 1 |
| The supply of retail space is expected to increase by 2008, driving rents downwards. The annual market growth is estimated at EUR 200 mln, or 20,000 sq m. | 18 | 2 |
