Hungarian logistics real estate market is on the rise

According to president of the Real Estate Development Roundtable Association (IFK) Erno Takacs, the Hungarian domestics logistics real estate market is soaring. According to Takacs, the market is on the rise due to the expansion of e-commerce and digital economy, that has been accelerated by the pandemic. According to statistics rental demand has grown by 24 percent in the first three quarters of 2020, and it was also noted that the number of pre-leases had increased.