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Market Reports, Studies

Market Research Services

The aim of the Market Research Team is to provide clients of Colliers Magyarország Kft. with accurate and reliable information on the relevant section of the real estate market. When performing market research, we assist our clients in making the right decision using various methods of market investigation and analysis both in Hungary and abroad.

In addition to preparing independent real estate market analyses, the Market Research Team is in close cooperation with other divisions. Our highly-trained and well-experienced market researchers assists the clients with relevant studies in order to assess market needs, facilitate decision making – thus reducing risk, and determining the accurate market value, according to specific client requirements.

Stay on top with all the latest CEE property research and market insights from Colliers.

The Colliers International EMEA Research team provides expert advice and detailed reports, focusing on the following specialist areas - Investment, Offices, Industrial and Logistics, Retail and Hotels. Our dedicated researchers are continuously observing, tracking and reporting on major CEE and EMEA markets. We understand the importance of up to date and accurate information and know that trend monitoring and projections help you make critical decisions for the future of your business.

Click here to visit the CEE Research website.

Search for Reports in the EMEA region

Colliers International Hungary Mid-year Market Report - 2018

Budapest Research Forum Reports

The Budapest Research Forum (BRF) consists of the biggest commercial real estate agencies of the Hungarian market. The Budapest market players demand comprehensive and up-to date quarterly office and industrial market information provided by one reliable source, reflecting a common opinion of market professionals. Read here the quarterly Office and Industrial BRF Reports.

CEE Investment Outlook 2019

We see the most important macro indicator for CEE in 2019, Eurozone interest rates, flat-lining at zero. This should stem some of the potential angst over tightening credit conditions, keep liquidity high, buyers interested and help pricing to plateau. We foresee selective compression in capital city prime office yields and still like the logistics sector. Absent a Eurozone financial crisis, funding from lenders should remain a support. Click here for the report.

The Icarus effect

Colliers International discusses factors and phenomena impacting construction costs in real estate markets in Central and Eastern Europe. Office development sqm as a proportion of total stock is at cycle highs, in the 10%-21% range in the CEE-6 capital cities. It is 10%-28% in the Polish regional cities and at a peak in the industrial sector as well, reveals Colliers International, global industry-leading real estate services company, in its latest research report. In Greek mythology, Icarus flew too near to sun, melting the wax on his wings and he plunged into the sea. We believe this is the correct analogy for construction markets in CEE, currently. Economic sentiment indicator appears to have passed its recent peak in most of the CEE countries. And examining the top of the last cycle in 2007-08, we found that it was spikes in construction costs and prices that helped define the turn at the peak even before the 2008-09 Global Financial Crisis struck.

exCEEding borders - The fashion sector in the CEE-14 countries

Welcome to our second annual pan-CEE retail sector publication - ExCEEding Borders. This year, we examine the fashion sector across 14 CEE markets. As disposable incomes climb continuously towards EU average levels, purchases of fashion apparel and accessories become ever more important as a driver of consumer spending. Fast recent-cycle GDP growth, low unemployment and wage hikes all add up to booming conditions for fashion in CEE presently.

The CEE Investment scene – Q3 2018

Investment flows into the CEE-6 region rose 14% yoy in 9M 2018, putting 2017’s record volume of EUR 13.1bn well in range. Our 2018 Q3 CEE Investment Scene contains the breakdown of the EUR 9.0bn capital deployed into the CEE-6 countries thus far this year. The transaction environment remains buoyant, though with some variation across the region and interest rate and economic growth risks are slowly building.

Trends in global real estate investment

Short and long-term European rates are expected to be benign for the foreseeable future limiting any negative impact on property markets, despite news of the recent bond sell-off in the US which could signify an end to the very low interest rate environment that has dominated the current property cycle. Strong occupier expansion, low vacancy rates and limited development pipelines have supported a gradual shift in market conditions to favour landlords, resulting in rental growth and stability across the majority of European markets during 2018. This has supported property values and returns, despite yields being at their cyclical peak, a situation likely to continue into 2019, according to our Capital Flows Report.

Industrial & logistics hubs

According to Colliers International’s EMEA Industrial & Logistics Hubs report, demand for industrial and warehouse property rose in 50% of EMEA markets in 1H 2018, up from 35% in 2H 2017, driven by strong occupier sentiment, and despite challenges in the overall economy such as protectionism fears and trade tensions between the US and close trading partners in the EU. Declining industrial confidence across European markets has not dented demand for warehouse space in EMEA, with logistics services companies competing fiercely over property, particularly near infrastructure hubs and in last mile locations close to population centres, due to the rise in e-commerce.

Click here for the complete report.


Airbnb activity in Budapest shows strong growth in overnight stays in 2017, reaching almost 1.5 million, which represents an increase of 35% y-o-y. The top 3 neighbourhoods (District V, VI and VII) account for 69% of the total Airbnb bookings in Budapest, where the room rates are also higher than in other less popular and non-central districts.

Click here for the complete study.

Investment flows into the CEE-6 region rose 4% YoY in H1 2018

Polish volumes were the drivers of the momentum in the first half of the year. Slovakia saw a rebound in deals whilst Hungary and Czechia saw much slower flow than a year ago, reveals Colliers International, the global industry-leading real estate services company, in its latest 2018 mid-year CEE Investment Scene. Investment flows into the CEE-6 region rose 4% yoy in H1 2018, marginally exceeding the pace of 2017’s record year. A combined 26% of the money in H1 came from domestic sources within the CEE-6 countries or CEE cross-border flows. US, UK and Western European funds were all net sellers of CEE commercial real estate in the period, broadly repeating the pattern observed in 2016 and 2017. For more info, click here.

How to solve the CEE labour force riddle?

The availability of workers is right now perhaps the most significant factor for companies when assessing business plans and prospects in the region. Very low unemployment, dynamic growth, emigration and the fast development of the service sector have combined to create acute labour shortages in the CEE-6 region. If these are not resolved, we foresee limitations to GDP growth, perhaps a recession and a likely shadow over private investment in the region in the medium to long run. If fulfilled, this path has negative implications for the demand for commercial real estate in CEE into the next cycle. Click here for the complete report.

Budapest Hotel Market overview 2018 - Benchmarking to other CEE capitals

Strong economic growth accompanied by a booming tourism industry among the CEE countries in this cycle has resulted in improving hotel performance. These positive developments are the main reasons behind growing interest from both investors and operators towards hotel markets in the region.

The CEE hotel growth outperformed that of the Western European countries with a RevPAR expansion of 14%. Additionally, the total transaction volume in the CEE hotel market experienced rapid growth. It was EUR 954 million in 2017 up from the EUR 386 million transacted in 2016, which represents a significant, approximately 247% growth y-o-y.

Click here to read the complete report.

Investment considerations of the standalone single-tenant retail properties in the CEE

The aim of this research study is to get more insight from an investment perspective, into the market of standalone single-tenant retail units, which usually has less exposure compared with traditional shopping centres and high street units. In general these type of properties are located next to busy main roads, highways or in retail parks with large parking space, that are easily accessible by car and also by public transport. During our research the following CEE markets were examined - Czechia, Hungary, Poland, Romania and Slovakia. We performed research on the indicative rents, lease terms and yields in this segment and highlighted the differences between the analysed countries. The input of our research was collected mainly from the investment, retail and market research experts of Colliers International in that specific market. If you wish to access further information, please feel free to contact us by sending us a message.

CEE Office Real Estate Compass: Is your workplace Millennial-ready?

One of the most important factors in assessing the commercial office as a key rental, investment or development sector in CEE, and globally, is the changing nature of work and the workplace. Advances in technology, including the use of artificial intelligence and the introduction of “smart office” solutions, has presented opportunities and challenges for employees and the firms that employ them.

Millennials (people born between the 1980s and 2000) have fresh perceptions of how an office environment should look and feel. Managers (and landlords) are already having to explore new approaches, including shifting to “shared workplace” solutions or even allowing employees to bring pets to work. As a result, the innovative and imaginative office of the future may well become a “USP” for businesses, including creative companies, when seeking to attract new employees.

Click here to read the complete report.

Cities of Influence Report - 2018

London ranked as Europe’s most attractive city for businesses and employees for second year running according to Colliers International’s latest European Cities of Influence report, which reviews and ranks cities based on their occupier attractiveness, availability of talent, and quality of life factors alongside economic output and productivity; Paris, Madrid, Moscow and Birmingham making up the rest of the top five.

Click here for the report, or here for the video to view our key findings.

CEE Investment Outlook Report 2018 - Locals on the March

We present our investment outlook report, assessing the present and future impact of locally-based investors on the CEE-6 investment arena. After we identified the region as one of the three new investor blocs (alongside the Asians and South Africans) a year ago, purchases by domestic and CEE-based investors rose a further 32% in 2017, almost matching Continental Europe’s 27% of the record overall volume of EUR 13.1bn. We expect the volume from the locals to continue to grow in 2018, a consequence of strong economies.


Outlook for the CEE-6 real estate markets for 2018, assessing the strong growth picture, how close we are to a possible “peaking” of the real estate cycle and key risks for investors, developers and other market participants to consider. The escalation in economic growth momentum through 2017 has taken the CEE-6 real estate leasing and investment markets closer to a cyclical peak. Sentiment  indicators are still pointing towards a further expansion in CEE-6 investment volumes in 2018. Click here for the full report.

CEE BPO/SSC Sector - A thoroughbred racer

The “thoroughbred” status of the CEE-6 markets in the global BPO (“business process outsourcing”) and SSC (“shared service centre”, together “BPO/SSC”), arena is well-documented, award-winning and ongoing. We assess in this report important questions surrounding labour cost, labour availability and quality in over 20 key CEE-6 cities, as well as the demand effect on office take-up in 12 city markets. The BPO/SSC take-up is over 60% of total office take-up in 4 of those cities in H1 2017. Vacant stock is diminishing, due also to strong general economic conditions and developers are only just beginning to react to the phenomenon. Click here for the complete report.

Debrecen as an office destination

Colliers Hungary’s report is a comprehensive study about Debrecen, which is the largest secondary city in Hungary. As an increasing number of international companies, especially from the SSC sector, are choosing Debrecen as an office destination we found it important to highlight the city’s key characteristics. In general the report contains information about the city’s infrastructure, labor force and employment ratios compared to Budapest and its flagship industries operating in the city and in the region. Additionally, we provide an analysis of the local market including the recent office market trends. The report provides an insight on the city’s office supply, demand and vacancy rates of the “A” and “B” class offices as well as an overview about the development pipeline in the upcoming years. We share information regarding the typical rent level both for “A” and the “B” class office buildings. If you wish to access further information, please feel free to contact us by sending us a message.

Research contact

MOM Park – Gellért torony Csörsz u. 41. H-1124 Budapest | Tel: +36 1 336 4200