Press
Delegates to Mipim, the annual commercial real estate and investment expo in Cannes, were concerned with whether there is a sustained improvement in the development and investment markets.
More than 20,000 real estate and investment professionals and political representatives from 90 countries attended the 35th staging of the event at the Palais des Festival in Cannes.
According to Reed Midem, organizers of the annual four-day event, “the global urban festival is where investors evaluate opportunities, political leaders showcase sustainable urban projects, and industry leaders address market revival amid changing global demands.” In general, the concerns expressed over the market reflected the rather uncharacteristic rainy and cold conditions on the Cote d’Azur.
“There is a healthy appetite, and people are talking and trying to make business. Hungary is not getting a lot of attention, although the attitude of international investors has been slightly better than in previous years, so there is not a complete turning away from the country,” commented Valter Kalaus, managing partner at Newmark VLK Hungary.
“Unfortunately, there is not a lot of excitement regarding the country from international investors. The problem is not at a real estate level, but due to political reasons and the economic situation that is affecting the interest of investors.” Kalaus added
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