Investment into Central and Eastern European (CEE) countries (excluding Russia) for Q1 2016 registered a slight decrease (6%) compared to same period of last year, reaching €1.84 billion. Expectations are that for the entire year, investment volumes will reach and exceed the record volumes of 2015, with all CEE countries expected to perform strongly.
Demand for industrial properties lifted significantly in Q1 2016 in Budapest industrial markets and the hegemony of BTS projects has not broken yet. In the Budapest-South submarket vacancy rate dropped to 4.4% triggering two speculative projects. CBRE was involved in multiple major leasing transactions covering 80% of the real estate agency led transactions.
The Budapest Research Forum (BRF, which comprises of: CBRE, Colliers International, Cushman & Wakefield, Eston International, JLL and Robertson Hungary) sets out below its Q1 2016 industrial market snapshot.
According to CBRE’s 2016 EMEA Investor Intentions Survey – aired every year on the world’s leading property market – almost half (48%) of all surveyed expect their purchasing activity to be higher than last year, compared with just 15% who expect to be less active buyers. 43% also expect their selling activity to increase, indicating a buoyant and liquid real estate investment market for the region in 2016.
According to CBRE’s ‘CEE Market Outlook’ 2016 is set to be a solid year on the back of an exceptional 2015 which saw records broken in almost every real estate sector. Growth will be a key theme in the region in 2016 as economic recovery happens at a quicker pace than in Western European countries.
The sudden expansion of investments and production has led to significant developments in the Hungarian industrial real estate market. In Greater Budapest, the vacancy rate has sunk by 11 percentage points over the past two years due to strong tenant demand and a complete lack of new speculative developments, according to the latest research data from CBRE global real estate advisor. M0 Central Business Park is among the most successful logistics hubs in the Greater Budapest area.
Investment into Central and Eastern European (CEE) countries (excluding Russia) for 2015 reached a historic high level at over €9.6 billion, representing a 20% increase year on year. Czech Republic and Poland put in a particularly strong performance, recording investment volumes of EUR 2.7 billion and EUR4 billion respectively.
The Budapest Research Forum (BRF, which comprises of: CBRE, Colliers International, Cushman & Wakefield, Eston International, JLL and Robertson Hungary) sets out below its Q3 2015 industrial market snapshot.
