What’s in store for commercial real estate in 2022?
Explore our house view and forecasts for the year ahead
Hungarian GDP can
grow by 4.5% in 2022
4.5% in 2022
of property value is under offer now and expected to close in H1.
The office sector remains
the backbone of investment activity in Hungary.
was the average asking rent for ‘A’ category offices in January 2022.
Large head quarter projects fuel 2022 completions but new pipeline melts with commencements being delayed.
EUR 600 million
Strong GDP growth provides a solid backdrop for real
new hotel rooms will be added to the Hungarian hotel supply in 2022
Daily rates in operating hotels held up relatively well while occupancy remained low in Budapest hotels.
of total office inventory in Budapest is green
get wider and deeper coverage and increases pressure from investors, and occupiers.
record development activity, but demand will still eclipse supply
Activity is set to remain robust in 2022 – with more developers looking for opportunities beyond the capital.
of the take-up in Budapest was pre-lease last year
of the Budapest shopping centre stock is currently under active reconstruction.
Shopping centre performance in Budapest recovered for the Christmas period, suggesting a stronger start into 2022.
Annual completion volume peaks around
12,000 in Budapest
Material price increase and fueled private demand make prices surge in Budapest and even more beyond the capital.