HUNGARIAN INVESTMENT SENTIMENT SURVEY

“COMPARED TO 2018, WHOWILL INVEST MORE INTO HUNGARIAN REAL ESTATE?”

Hungarian buyers are expected to maintain dominant position on the market.

It is a well-known now that the Hungarian investment market is dominated by the domestic investors – mostly by the large local open- ended funds, who have continued to increase their exposure year-on-year and now account for a significant share of the local investor volume. Hungarian investors reached a 65% share in 2018 volume with 1.1 bln EUR invested into commercial real estate. Despite the uncertainty around the further regulation of the open-ended funds, they are

expected to remain the main buyers on the market – followed closely by traditional core EU investors (mostly German losed- ended funds). New equity is likely to come from across various sources, including new capital inside and outside of Europe and also stemming from new and emerging Hungarian closed-ended vehicles. The current pricing levels are too high to attract the opportunistic money - most of which has already been and gone in this cycle.