Retail: dynamism despite crisis

Big part of the domestic retail investments were in an advanced stage, at the start of the crisis, so closure would have cause a greater loss, than completion,so there was no fracture in the development.

In the first six months of 2009, 83 thousand square meters of retail units were handed over in Hungary – including a significant amount of strip mall type of property. The modern retail stock increased to 1.77 million square meters for the end of  June. In the Central and Eastern European region, in Budapest, Bucharest and Warsaw, rental fees of the shopping rents are 10 percent premium lower, than the high-street type of real estates – reports TőzsdeFórum.