Hungary for success

Next year, the FTSE group, which oversees the London stock exchanges, is to grant Hungary and Poland ‘Advanced Emerging Market’ status. ‘Eurobuild Poland’ takes a look at the most important real estate developments taking place in our southern neighbourAs with elsewhere in the CEE region, the vast majority of high quality office space being developed is situated in the capital city. Since 2005, the amount of modern stock coming onto the market in Budapest has grown impressively, reaching a level of 182,527 sqm completions during 2006. The first half of 2007, however, saw only 38,800 sqm completions – a mere 21 pct of the total for the previous year. Nevertheless, DTZ’s Budapest office is expecting 2007 to break the record, since a number of significant projects started in 2006 are to have come online before the end of 2007. The agency is predicting that 220,800 sqm of office space will come on to the capital’s market by the year’s end, br