– added Szilárd Kui, Local Partner and Head of Real Estate at DLA Piper Hungary.
Domestic investors accounted for 73% of all purchases (which is 12 percentage points higher than in 2020), which may be explained by COVID-19-related concerns and travel restrictions among other factors. At the same time, we have seen continued interest from clients both from the Far East and the Middle East; however, a limiting factor for them was that large ticket size assets are few and far between on the Hungarian commercial real estate market.