Buying retail spaces in Budapest is a good business for Europeans

Hong Kong remains the most expensive retail store market of the world. The rents are 150 percent higher than in New York and 400 percent higher than in London and Paris, while the annual rent in Budapest is only enough for 10 days in Hong Kong – CBRE Property Advisory told its latest datas to MTI on Tuesday.

Cities such as Hong Kong, New York, London or Paris are still ranked high in the long-term expansion strategy of traders. The world's second most expensive retail and commercial real estate market is New York, where the square meter / year rental fee is 24 944 euros. Europe's most expensive cities are London and Paris with a rental fee of 8843 and 8820 euros / square meter / year. (MTI)