Hungary commercial real estate investment rises to EUR 610 million in H1 2026

Hungary’s commercial real estate market experienced a significant recovery in the first half of 2026, with investment volumes reaching EUR 610 million. This represents a 26.7% year-on-year increase and the strongest first-half performance since 2021. According to analysis by Colliers, the full-year volume could potentially exceed EUR 1.2 billion based on current transaction pipelines.

Domestic buyers drove the majority of this activity, accounting for 74% of the investment volume. The office sector was the most active asset class at 37.9%, followed by retail at 32.9% and industrial-logistics at 18.5%. In the broader Central and Eastern European (CEE-6) market, total transaction volume reached EUR 5.8 billion during the same period, with Hungary ranking third behind Poland and the Czech Republic.

The recovery is attributed to improving macroeconomic conditions, including reduced country risk, lower CDS spreads, and a strengthening forint. While the office market in Budapest is stabilizing with a decreasing vacancy rate, experts note that a broader market rebound may remain gradual due to ongoing geopolitical tensions and energy price risks.