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North American and Middle East buyers drive European property investment market

8/29/13

North American and Middle East investors are the major drivers of increased activity in the European commercial real estate market and buyers from outside the region now account for more than a quarter of all transactions in H1 2013, according to the latest data from CBRE.

Busy summer at IVG Hungary

8/28/13

IVG Hungary closed a successful, busy summer this year. During the season, the company signed lease contracts for more than 2200 sqm in total. The prestigious OTP Mobil Szolgáltató Kft. chose RiverPark, an office building under IVG Hungary’s management, moreover IVG Hungary signed new lease contracts with CEDA Kft and Digital Apes for nearly 700 sqm of the centrally located Oktogon Ház.

Central bank mulls extending FX loan forint conversions

8/27/13

Hungary’s central bank has raised the idea of extending the programme under which foreign-exchange mortgages are converted to forints at a rate of 180 forints per Swiss franc. The measure would cost 30-40 billion forints a year based on current exchange rates, according to calculations by the National Bank of Hungary released on Monday.

Hong Kong streets lead global retail rents rise

8/26/13

Hong Kong is by far the world’s most expensive city for global retailers, but prime rents in New York, London, Tokyo and Zurich are on the rise, according to new research from global property advisor CBRE Group, Inc.

Public debt declines to 81.4pc of GDP by late June

8/22/13

Hungary’s gross public debt, calculated at nominal value according to the Maastricht definition, amounted to 23,250 billion forints (EUR 777bn), falling from 81.4 percent by the end of the second quarter of this year from 82.4 percent of GDP at the end of March, the National Bank of Hungary (NBH) said on Wednesday.

Hungary insurance market expands more than 5pc in H1

8/22/13

Revenue from premiums of Hungarian insurers rose 5.2 percent to 435.9 billion forints (EUR 1.46bn) in the first half from the same period a year earlier, lifted by life insurance products with one-off premiums, the Hungarian Insurers Association (MABISZ) said on Wednesday.

Gross wage growth accelerates to 3.7pc in June

8/22/13

Average gross wages in Hungary rose 3.7 percent year-on-year in June after a 2.9 percent increase in May, the Central Statistics Office (KSH) said on Thursday.

Green House approaches fully let status with MSCI

8/21/13

One more big international company voted for Green House. Hungary’s first and only LEED Platinum certified office will be home to the Hungarian headquarters of MSCI as of 1 March 2014. The global provider of investment decision support tools will occupy 3,694 sq m of office space on the fourth and sixth floors in the 13th district property.

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