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Hungary: Vacancy Rates in Office Market Remain High
Despite record low in new building activity, the Hungarian office market proves stable.
Hungary: Vacancy Rates in Office Market Remain High / Picture: © Vindobona.org
Budapest is the most important office location in Hungary, with other cities counting for little in the eyes of international investors.
Since 2000, the inventory of modern office space in the Hungarian capital has tripled as a result of massive speculative building activity. As a result, many office projects were still being completed in Budapest despite the crisis, which led to…
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