Slow recovery awaits Hungary's real estate market in 2011 - Portfolio.hu Poll

Friday, 21 May 2010, 16:35 - Portfolio.hu
Realtors are no longer waiting for a miracle in 2010, but they clearly see a moderate recovery in store for 2011. The majority of leading market players polled by Portfolio.hu think transactional yields have peaked out and they forecast a slow rise in prices for 2011. According to the latest market consensus, the vacancy rate on the Budapest office market will peak at 24%. Most respondents expect the decline in rental rates to stop on every submarket.

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