CBRE: the value of real estate investments increased in the first quarter

Hungarian real estate investments were worth 179 million euros in the first quarter, up 27 percent from a year before, CBRE, the world’s largest commercial real estate and investment company, told MTI.

They added that in the first three months of the year only Hungarian investors closed purchase transactions.

According to the first quarter data, the industrial sector also outperformed the retail sector and the office market in terms of leasing, as the latter were strongly affected by the third wave of the coronavirus pandemic. As a result, the rental level of industrial real estate is 105 percent higher than last year, while the similar rate of office rental is 52 percent lower than a year before. (MTI)