Fewer malls are under construction

According to the survey of Cushman & Wakefield; In Europe developers handed over 2.1 million square meters in the first half of the year, 50 percent less, compared to a year ago. In Hungary none project has been made in the same period.

In the second half of the year, in Europe, a further 3.8 million square meters of shopping centers are expected to be handed over, but the construction of a total of 5.9 million square meters of shopping centers is the worst performance, since 2005. Next year, it is expected to hand over only 5.2 million square meters of shopping centers – reports MTI.