Hungarian property investments rise 4% in 2018
The volume of commercial real estate investments completed in Hungary last year rose 4 percent to €1.82bn, according to the MTI news wire. It cites a report by the Hungarian National Bank, which wrote that industrial investments made up 6 percent of the total, while hotel investments accounted for an additional 5 percent. The remainder of deal were for office assets (48 percent) and retail properties (42 percent). The annual yield on industrial properties jumped to 7.5 percent, while shopping centers fell to 5.5 percent and office property returns came in at 5.75 percent. Hungarian investors contributed most to the buying spree, with 65 percent of the volume, while South African firms came in at 14 percent.