Investment volume on Hungary’s commercial real estate investment market reached €610 million in the first half of 2026, according to Colliers. The figure represents a 26.7% increase compared with the same period last year and marks the strongest first-half performance since 2021.
With a strong pipeline of transactions still underway, Colliers expects full-year commercial real estate investment volume in Hungary to exceed €1.2 billion in 2026. 2024 was a record-low year, when investment volume fell to around €400 million, before the market rebounded to €881 million in 2025, a 117.5% year-on-year increase.
Domestic capital is driving the market
One of the defining characteristics of Hungary’s commercial property market this year is the dominance of local investors. Approximately 74% of investment activity in H1 2026 was linked to Hungarian buyers.
That represents a further strengthening of a trend already visible in 2025, when domestic investors accounted for approximately 64% of total investment volume, as international investors have remained relatively cautious toward the market.
Offices and retail account for more than 70% of investment
Office properties accounted for 37.9% of transactions in H1, making them the largest investment category. Retail followed with 32.9%, while industrial and logistics properties represented 18.5% of investment activity.
Together, offices and retail therefore represented more than 70% of the market during the first six months of the year. Offices, hotels and industrial assets as the three dominant investment sectors in 2025. Offices alone represented 50.8% of last year’s transaction volume.
