This is the first edition in BMI's new series of reports on real-estate sectors around the world. We have sought to incorporate data and insights from our reports on infrastructure and commercial banking - as well as our own forecasts for the economies of the various countries that we survey. Key issues - Hungary We suggest that the following are the key issues to monitor for the real estate sector in the coming year or so: The low level of construction activity and its expected low rate of growth. There is potential for this to increase with further urbanisation of the still mainly rural population. Whether the anticipated growth in bank lending occurs. This has been a major constraint on construction activity. Any clear sign of improvement in the state of Hungary's bureaucracy. Continuing growth in property prices. These conclusions are based on our proprietary Real Estate/Construction Business Environment Rating (RECBER), the component factors of which we discuss in detail. The conclusions are also set against recent conditions in the commercial office market, for which we have used office rents in major cities as a proxy and in the residential real estate market, for which we have used housing prices as a proxy. A major trend throughout all our real estate reports is that, mainly due to the global financial crisis, access to funding will be more important than usual. Accordingly, we have incorporated overviews of conditions in the commercial banking sector, both globally and in the region of each country. We have also looked at the issues that will drive the fortunes of Real Estate Investment Trusts (REITs) over the coming months.
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Report Table of Contents:
Executive Summary
- Key Features Of This Report
- SWOT Analysis
- Hungary Real Estate/Construction SWOT
- Hungary Economic SWOT
- Hungary Business Environment SWOT
- Real Estate Market Overview
- Construction Overview
- New And Ongoing Projects
- Commercial Construction
- Commercial Construction
- Industrial Construction
- Industrial Construction
- Tourism Construction
- Hotel And Resort Construction
- Major Projects
Table: Hungary - Major Infrastructure Projects - Transport
Table: Hungary - Major Infrastructure Projects - Energy And Utilities
Table: Hungary - Major Infrastructure Projects - Construction
- Real Estate Investment Trusts - End 2009
Table: FTSE EPRA/NAREIT Global Real Estate Indices Total Returns (%, US dollar terms)
Table: US REITs - Total Returns (%, US dollar terms)
- Industry Finance Outlook
- Global Outlook
- Monetary Policy
Table: Hungary - Monetary Policy
- Industry Forecast Scenario
- Central And Eastern Europe Real Estate Forecasts
Table: Central And Eastern Europe Housing Prices At A Glance (% Change y-o-y)
Table: Office Rents In Central And Eastern Europe - CBRE
Table: Office Rents In Central And Eastern Europe - Other Research
- Hungary Real Estate Forecast
Table: Hungary Construction Industry Data
- Macroeconomic Outlook
Table: Hungary - Economic Activity
- Real Estate/Construction Business Environment Rating
Table: Europe Real Estate/Construction Business Environment Rating
- Hungary’
Table: Design And Construction Rating
Table: Commissioning And Operating Rating
Table: Overall Project Finance Rating
- Hungary’
- Business Environment Q1 2010
Table: BMI Business And Operational Risk Ratings
- Institutions
Table: BMI Legal Framework Ratings
- Infrastructure
- Market Orientation
Table: Emerging Europe, Annual FDI Inflows
Table: BMI Trade Ratings
Table: Top Export Destinations
- Operational Risk
- Company Monitor
- Strabag Hungary
- Vegyepszer
- KÉSZ Central European Building & Construction
- Fomterv
- Hidepito Zrt
- Biggeorge's-
- GTC Hungary Real Estate Development
- SCD Group
- Casaro-Hungary
- Budapesti Ingatlan Nyrt
- BMI Forecast Modelling
- How We Generate Our Industry Forecasts
- Construction Industry
- Bank Lending
- Real Estate/Construction Business Environment Rating
Table: Weighting Of Indicators
- Project Finance Ratings Indicators
Table: Design And Construction Phase
Table: Commissioning And Operating Phase - Commercial Construction
Table: Commissioning And Operating Phase - Energy And Utilities
Table: Commissioning And Operating Phase - Transport
- Sources
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/
About Fast Market Research
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