Regional real estate investments have been interrupted, with a different outlook in Hungary
The result is 80 percent attributable to three states, of which 53 percent belong to Poland, 18 percent to the Czech Republic and 13 percent to Hungary. Growth continued in Slovakia, Romania and Hungary, while investment fell most sharply in Bulgaria and the Czech Republic.
Buyers surveyed see the global epidemic as having an ongoing impact on real estate lending. The global impact will be more important than local macroeconomic conditions, for example in deciding what types of real estate developments can receive funding.
The responses of the Banks Representative also show that while sustainability is often discussed at industry events dealing with the future of the real estate sector, it is not a key factor in judging the ownership of a given property.
“The residential segment has become the most popular category in many countries, with the exception of Hungary, and the industrial-logistics category came in second, based on responses from KPMG surveyed customer bank representatives. At the same time reducing demand for traditional office space,” commented Andrea Sartori. , KPMG’s head of real estate consulting in Central and Eastern Europe, announced the results.
Pál Dános, Head of KPMG’s Hungarian Publishing Service, drew attention to the fact that the Council of Banks and Developers has a different view of the dynamics of the real estate development market: first, Hungarian banks prefer to provide funding for logistics developments, while Hungarian real estate developers the most attractive.
Eighty per cent of the Hungarian banks surveyed expect moderate growth in the real estate financing portfolio of the entire banking sector in the next 12-18 months.
This year’s KPMG survey involved more than 40 banks and seven 18 real estate developers in 11 countries in the Central and Eastern European region. The auditor requests data collected through online questionnaires and in-depth interviews in May and June 2021.