Realis Development News Today

With the addition of János Gárdai in April and Ildikó Rézműves in May, Biggeorge Property Plc. expanded its top management with two new directors responsible for the areas of asset management and communications, according to a press release sent to the Budapest Business Journal.

It remains an open question when investment activity in Hungary and the CEE region will pick up after a subdued period due to concerns over the cost of finance, and the uncertain economic and geo-political environment, says real estate editor Gary J. Morrell. Another worry is how long yield corrections will continue.

Realis Development, a new development company brought to life by three experienced real estate market players, has entered the Hungarian property scene as part of Realis Group, a holding company active since 2013.