MNB: strong rental and investment demand in the domestic commercial real estate market

Demand for rental and investment in the domestic commercial real estate market is strong, supply can only react to this with delay. Last year the vacancy rate in the market declined – according to the Hungarian National Bank’s (MNB) Commercial Property Market Report.

The investment turnover of the Hungarian commercial real estate market reached a record high last year, amounting to 1.8 billion euros due to significant transactions in the second half of the year – Nagy Tamás, Head of Department of the MNB, highlighted the report’s findings at the presentation on Monday in Budapest.

He added that inves tment demand for most types of real estate is expected to increase or to continue. (MTI)