Hungary Real Estate Market Outlook to 2022
by Residential (Dwellings Constructed by Regions, by Builders Type, Holiday Units Constructed by region, Dwellings Leased by Regions, Dwellings Sold by Regions), by Commercial, Retail and Hotel
Region:Europe
Product Code:KR644
May 2018
176
About the Report
Market Segmentation:
By Commercial Real Estate Market: Hungary Commercial Real Estate Market majorly comprises of office space that has witnessed a growth during 2012-2017 as many multinational companies established themselves in Hungary, attracted by the strong business activities and robust economic growth. Occupancy rate has reached to record high rates in 2017 for commercial office space. The commercial rental market is mainly concentrated in Budapest, where the SSC (shared service centers) and BPO sector with the introduction of major companies like British Telecom and others hold the majority of transactions in its commercial market.
By Retail Real Estate Market: Hungary retail real estate market volume has registered a positive slow growth during the period 2012-2017. Hungary retail real estate market has been supported by real income of the citizens and the majority of young population. Budapest retail market is mostly dominated by 3 malls- West End City Center, Corvin Plaza and MOM Park along with high street market. There was no new supply for years 2014-2016 as there was plaza ban on new construction above 300 square meters of property in Hungary from 2012-2014.
By Hotel Real Estate Market: Hungary Hotel real estate market has showcased a rapid surge in gross income generation from accommodation fee at a double digit CAGR during 2012-2017. Major chunk of income from accommodation fee of Hungary hotel real estate comes from 4-star and 3-star hotels in 2016.
Snapshot on Hungary Online Real Estate Market: In Hungary, online property portals are increasingly becoming a platform for research on buying, selling or leasing residential, commercial, retail and other kind of properties. Revenue for these portals is derived by offering a packaged deal to brokers, developers and professional agents, as well as several online property agents. The basic business model for these portals is to charge commission once the property is bought or sold. The online property market in Hungary has been dominated by a few real estate portals such as Themovechannel.com, Primelocation.com and Zoopla.CO.UK, Mybudapest.home.com, Alberlet.hu, Hungarianhouses.com, Tranio.com, Budapestrent.com, Flat-Rent-Hungary.com and Mhomes.hu. The sales proportion of real estate properties through online market has consistently grown owing to rising internet penetration, growing demand of internet among youngsters, surging youth population and opportunities by government infrastructure investments. The online market is anticipated to be vibrant during the upcoming years, boosted by growing number of property portals.
Key Topics Covered in the Report
- Hungary Real Estate Market Size (2012-2017)
- Hungary Real Estate Market Overview
- Hungary Real Estate Market Segmentation by residential real estate market (Dwellings constructed on the basis of regions, Residential dwellings constructed by type of builders, Holiday units constructed on the basis of region, Dwellings leased on the basis of regions, Dwellings sold on the basis of regions)
- Hungary Real Estate Market Segmentation by commercial real estate market (Hungary commercial real estate by volume, Budapest commercial real estate by volume, Budapest commercial rental real estate market)
- Hungary Real Estate Market Segmentation by retail real estate market (Volume)
- Hungary Real Estate Market Segmentation by hotel real estate market (Capacity of accommodation establishment, Tourist nights at Hotel, Tourist arrivals at accommodation establishment)
- Snapshot on Hungary Online Real Estate Market
- Trends and developments of Hungary Real Estate Market
- Competitive Landscape of Major Players in Hungary Real Estate Market
- Overview of all major online players in Hungary
- SWOT Analysis of Hungary Real Estate Market
- Government Regulations of Hungary Real Estate Market
- Future Outlook and Projections of Hungary Real Estate Market (2017E-2022E)
- Analyst Recommendation
Products
Companies
- Themovechannel.com,
- Primelocation.com,
- Zoopla.CO.UK,
- MyBudapesthome.com,
- Alberlet.hu,
- Hungarianhouses.com,
- Tranio.com,
- Budapestrent.com,
- Flat-Rent-Hungary.com,
- Mhomes.hu,
- Skanska Real Estate Company,
- Trigranit Real Estate Company,
- Budapest Real Estate Plc,
- Futureal Group,
- Cordia Real Estate Company,
- Pannonian Exchange Plc,
- Appeninn Holding Asset Management Plc
Table of Contents
1. Executive Summary
Hungary Real Estate Market
Hungary Residential Real Estate Market
Hungary Commercial Real Estate Market
Hungary Retail Real Estate Market
Hungary Hotel Real Estate Marke
Hungary Online Real Estate Market
Competitive Scenario
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Sizing And Modeling
Approach – Market Sizing
Limitations
3. Hungary Real Estate Market Overview
4. Hungary Real Estate Market Size
4.1. Hungary Real Estate Market Size By Value, 2012-2017
5. Hungary Residential Real Estate Market
5.1. Hungary Residential Real Estate Market Size by Volume, 2012-2017
5.2. Hungary Residential Real Estate Market Segmentation
By Dwellings Constructed on the Basis of Region, 2013-2017
By residential Dwellings Constructed by Type of Builders, 2013-2017
By Residential Dwellings Constructed by Type of Contractors, 2013-2017
By Holiday Units Constructed on the Basis of Region, 2013-2017
By Dwellings Leased on the Basis of Region, 2013-2017
By Dwellings Sold on the Basis of Region, 2013-2017
By Dwellings Constructed Area less than 60 Square Meters, 2013-2017
By Dwellings Constructed Area between 60 Square Meters to 100 Square Meters, 2013-2017
By Dwellings Constructed with Area more than 100 Square Meters, 2013-2017
5.3. Trends and Development in Hungary Residential Real Estate Market
Increase in Land Prices
Decline in Loan Interest Rate
Housing Price Boom
Government Initiative for Social Incentive
Rise in Residential Construction
Rapid Increase in Migration
5.4. Hungary Residential Real Estate Market Future Outlook and Projections, 2018-2022
6. Hungary Commercial Real Estate Market
6.1. Hungary Commercial Real Estate Market Size by Volume, 2012-2017
6.2. Budapest Commercial Rental Real Estate Market
Market Overview
6.3. Budapest Commercial Real Estate Market Size by Volume, 2012-2017
6.4. Trends and Developments in Hungary Commercial Real Estate Market
Increase in Office Stock
Decrease in Vacancy Rate
Commercial Heart
Increase in Investment
6.5. Hungary Commercial Real Estate Market Future Outlook and Projections, 2018-2022
7. Hungary Retail Real Estate Market
Market Overview
7.1. Hungary Retail Real Estate Market Size, 2012-2017
7.2. Trends And Developments in Hungary Retail Real Estate Market
Increase in Retail Property Rent
Increase in Demand of High Street Market
Increase in Constructionof Shopping Malls and Centers
7.3. Hungary Retail Real Estate Market Future Outlook and Projections, 2018-2022
8. Hungary Hotel Real Estate Market
Market Overview
8.1. Hungary Hotel Real Estate Market Size, 2012-2017
8.2. Trends And Developments in Hungary Hotel Real Estate Market
Infrastructure Demand Increases
Decline in Domestic Trips with Overnight stay
Increase in Toursim
Growth in Hotel Supply
8.3. Hungary Hotel Real Estate Market Future Outlook and Projections, 2018-2022
9. Hungary Online Real Estate Market
9.1. Snapshot on Hungary Online Real Estate Market
Overview
9.2. Business Model of Hungary Real Estate Online Portals
Comparative Analysis Bewteen Business Models
9.3. Hungary Online Real Estate Market Company Profile
9.3.1. Major Players In Hungary Online Real Estate Market, 2017
Themovechannel.com
Primelocation.COM and Zoopla.CO.UK
Mybudapesthome.com
Alberlet.hu
Hungarianhouses.com
Tranio.com
Budapestrent.com
Flat-Rent-Hungary.com
Mhomes.hu
10. Government Rules and Regulations in Hungary Real Estate Market
Residential And Commercial Lease Terms In Hungary
Transaction Cost in Hungary Residential and Commercial Market
Ownership Restrictions
Tax on Residents in Hungary
Housing Projects
Mortgage Regulations
11. Competitive Landscape of Major Players in Hungary Real Estate Market
11.1. Competition Scenario in Hungary Real Estate Market
11.2. Skanska Real Estate Company
11.3. Trigranit Real Estate Company
11.4. Budapest Real Estate Plc
11.5. Graphisoft Park Real Estate Development
11.6. Futureal Group
11.7. Cordia Real Estate Company
11.8. Pannonian Exchange Plc
11.9. Appeninn Holding Asset Management Plc.
12. Analyst Recommendations
13. Macroeconomic Factors Affecting Hungary Real Estate Market
13.1. Number of Tourist Arrival in Hungary, 2012 - 2022F
13.2. Number of Internet Users in Hungary, 2012-2022F
13.3. Urban Population in Hungary, 2012-2022F
13.4. Value of Office Construction in Hungary, 2012-2022F
13.5. Contribution of Real Estate in GDP in Hungary, 2012-2022F
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