Logistics facilities are stable against the waves of the real estate market

By: Trademagazin Date: 2023. 11. 28. 09:39

On the housing market, the demand for newly built real estate and the announced new projects, together with market-based housing loans, “stood in the parking lot”, which CSOK Plusz can improve a lot next year. However, the logistics real estate market remains lively, both on the demand and supply side. The best locations are in the capital and its immediate surroundings, and the sustainable operation of buildings is increasingly important, according to Alfa Group’s market analysis.

The price of newly built apartments follows labor and raw material costs, so it is forced to rise despite the intentions of investors, while loan interest rates discourage buyers. The rental housing market follows this less rigidly, but the landlords have significantly more freedom of movement than the builders, but prices are high here as well due to the lively demand that is “rechanneled” here. In this area, CSOK Plusz, which will be launched next year, can move the frozen market – pointed out Ohad Epschtein, the head of the international Alfa Group in Hungary, which deals with real estate investment and leasing.

However, the situation is quite different in the case of warehouses and logistics properties. Although the number of new rental contracts decreased minimally on average nationally, the utilization of warehouses in or near the capital did not deteriorate, in the case of the Alfa Group, for example, it is constantly over 95%. According to this, logistics is the area where the desire to invest has not stopped. At the group alone, another 5,000 m2 warehouse will be delivered by the end of this year, together with the associated offices, and there are already valid contracts for these – said the manager. The same can be seen with other investors, the focus of the construction industry, albeit with a decreasing volume as a whole, has moved in the direction of logistics and energetic renovations.