The current forecast for total construction volumes shows increases of 8% and 12% for 2017 and 2018, respectively. The barriers for the realization of the developments are the rise of construction costs and the lack of skilled labour force. CBRE expects that these issues raise risks of delivery delays and decrease of developers’ profit margins.
Valuation during the sale, purchase or leasing of real estate is a complex process where the property’s market value is shaped by a number of factors. The majority of CBRE’s valuers are experts registered with RICS, a globally-recognized organization working to implement the highest professional international standards. CBRE’s staff’s professionalism paired with outstandingly high value insurance, guarantee a reliable and well-founded valuation and ensure the protection of clients.
London has been ranked as the most attractive European city for real estate investment for the sixth consecutive year, according to CBRE’s annual Investor Intentions Survey being launched at MIPIM 2017. 17% of respondents cited London as their preferred destination for real estate investment. Berlin has jumped to second place in 2017 from fourth in 2016 while Budapest placed tenth along with Frankfurt and Munich.
Vienna-based investment manager GalCap Europe has acquired "Merkur Palota" (the Merkur Palace) a fully renovated, prestigious office building in Budapest.
Blue Cube offices on the Váci út corridor welcomes Novodata, a pharmaceutical software developer company, leasing over 950 sqm office space. Colliers International represented the landlord S IMMO, while Tower Ingatlan represented Novodata / LX Line within the transaction.
Colliers International today announced that Luke Dawson has returned to Colliers International, effective immediately, in the role of Managing Director & Head of Capital Markets for Central & Eastern Europe (CEE).
Colliers International Hungary is pleased to announce, that Péter Török - as Senior Associate - and Orsolya Horváth - as Associate - joined the Investment Team of Colliers from January 2017.
Atenor, advised by Cushman & Wakefield Hungary’s Capital Markets Team, have successfully sold Building A of their prestigious Váci Greens campus to an independent Hungarian investor group.
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