Hungarian retail market lures new brands

According to the analysts, as Hungarian retail sales increased by 6.1 pct y-o-y in H1 2015, new retailers mostly sought for prime high-street locations and prime shopping centres in Budapest. “Most of them were fashion and homeware retailers. Italian and CEE brands were the most active. Beside international retailers, a number of new Hungarian brands – mainly start-up fashion brands and food retailers – have also emerged on the market,” claims CBRE. Hungarian retail rent rates increased