Cannes building Hungarian expo
The visualization of the new National Gallery. The design will debut on the world’s number one nr 1 real estate market event, MIPIM, in Cannes. MTI/Bruzák Noémi

Building designs worth more than 5 billion EUR are going to be exhibited on the world’s most prominent real estate event in Cannes where those interested can learn about the latest private or state-financed real estate investments.  

According to turizmus.com, Hungary is going to introduce itself with real estate projects fundamentally defining the country’s foreign assessment on the MIPIM 2020 (Le marché international des professionnels de l’immobilier), a global property event hosted in Cannes, France, each March.

Cannes building Hungarian expo
Source: MTI

The expo provides a perfect opportunity for each country to show its latest real estate projects. The organisers of the Hungary-Budapest stand say that

visitors will come from more than 100 countries, and they would like to present one of the driving forces of the five pc GDP increase: the most significant Hungarian real estate development projects.

They added that thanks to the stable Hungarian real estate market offering high pay-off for the investors and still having significant growth potential, there is a rising interest both for the planned and the ongoing developments.

Last year, the volume of the investments coming to Hungary broke a record. The share of the state in the developments is 26 pc with which Hungary leads sky high in the European Union. The organisers of the Hungary-Budapest stand – the Hungarian Investment Promotion Agency (HIPA), the Budapest Development Centre (BFK) and the Liget Budapest Project – present a development package worth 5  billion EUR from the recently-inaugurated Puskás Aréna to the House of Innovation.

Cannes building Hungarian expo
Liget Project. Source: MTI

The real estate market can have an even better year in 2020 than it had in 2019 because there are many offices under construction, and the dynamism of hotel-building is also getting faster. Furthermore, the increase in tourism is also stable.

Source: turizmus.com

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