Mall builders are awaiting

By: trademagazin Date: 2010. 10. 08. 21:24

According to the survey, carried out by the experts of ABLON, which is the largest real estate developer of Central and Eastern Europe; this year, the participant of the real estate market rather wait and watch: the development boom may begin next year.

This year, in Hungary only a few thousand square meters of malls will be handed over. The customers needs to wait for major openings by 2011. The developers caution is not a coincidence: the Hungarian population is known to be very price sensitive, which appears in the shopping habits as well. Retail sales in the first half of this year were about 5 percent lower, than in the same period of last year – reports

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