The View 9

INVESTMENT MARKET

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TIM O' SULLIVAN MRICS Senior Director, Head of Capital

Markets, Hungary

SUSTAINED INVESTMENT BOOM IN 2019 Collectively, the core-CEE markets hit a new record annual investment volume of EUR 14.2 billion, notching up by 4% y/y, double the rate across continental Europe. The dominant Polish market reached a new record volume, but Czechia, Hungary and Romania also expanded, while Slovakia was the only market in the region that saw its investment volume decrease on an annual basis. In Hungary, H2 2019 brought another strong rally on the investment market with a total turnover volume of EUR 1.15 billion from32 transactions. Although the volume marked an 11% y/y decrease, it boosted the total 2019 turnover figure to EUR 1.72 billion across 55 deals, which was up by 4% y/y and the second-highest reading of this market cycle. In light of the high annual volume, the resilience of the local market exceeded our earlier expectations and further cemented the current boom period, being the fourth consecutive year with turnover above EUR 1.5 billion.