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Despite the current difficulties in the economy, the office market had a relatively good start to the year. In Budapest, occupational activity levels in Q1 improved on the previous year, helping to erode some of the overhang of supply. This, in turn has kept prime rents stable over the quarter. Investment volumes also saw a recovery over the comparative period in 2012 but the overall market fundamentals remain weak and yields moved out across all submarkets.
Source : Cushman & Wakefield
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