A research produced by
Economic growth during 2011 was positive, but stemmed largely from export-strength, supported by FX weakness and buoyant conditions in trading partner markets (e.g. Germany).
Having terminated a bail-out programme initiated in 2008 with the EU-IMF, Hungary has been forced to pursue a return to external support to assuage ongoing liquidity concerns.
2012 will be a recession and whilst economic growth will return in 2013, it will be below trend.
Transaction volumes are limited, reflecting caution from both domestic and foreign investors.
Source : AXA Real Estate
