Hungary presents itself as a bridgehead between East and West at one of the world’s most prestigious real estate development trade fairs, EXPO REAL in Munich
As the bridgehead between East and West, the main meeting point for Western and Eastern investments and developments, Hungary will present itself at one of the world’s most prestigious real estate development trade fairs, EXPO REAL in Munich, October 7-9. between, where more than 2,000 exhibitors and nearly 40,000 decision-makers from 75 countries will appear. The focus of the Hungary stand is the expanding industrial and logistics real estate developments, but the large domestic real estate developers will also list their residential real estate, hotel and office portfolios.
At the exhibition, Budapest is presented as the fastest developing capital of the region, but the national distribution of investments is also reflected in the strengthening rural developments. The Hungarian presence at the international exhibition is strengthened by the fact that in recent years, despite the economic difficulties, the value of foreign working capital that arrived in Hungary has doubled, which lays the foundation for economic growth in the coming years. As in previous years, the Hungary stand was created by the Real Estate Developers Round Table Association (IFK) with the professional support of the National Investment Agency (HIPA) and the world’s leading real estate consulting company, CBRE. As an innovative industrial real estate developer, the two main exhibitors at the stand are HelloParks (a member of the Futureal group) and Infogroup (developer and owner of IGParks), now operating under the name Innovinia. INPARK, a state player in the industrial real estate market, with a nationwide network, will also present itself, as well as market-leading real estate development companies such as ATENOR, Biggeorge Property, and GLP Hungary. Among the regional cities, this year Debrecen, Kaposvár and Pécs will present their prominent projects.
Ernő Takács, the president of the Real Estate Developers’ Round Association (IFK), the largest domestic real estate developers’ organization, emphasized that our presentation on the international scene strengthens Hungary’s role as a bridgehead, which stems from our economic attractiveness, the development of infrastructure and logistics. The new record-breaking foreign direct investment (FDI) investments are focused on automotive developments and investments related to electric cars. Hungary took a pioneering role in the green transition, which shows the country’s commitment to environmentally friendly technologies. Investments are underway that can change the development of our industrial output in the long term, and determine development directions several years in advance,” he said. In the real estate development market, projects are being prepared – also at the international level – and investors are waiting for a more favorable financing environment.
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