Net inflows into emerging markets have turned negative in the last month, although the sell off has not been as severe as earlier crisis-related routs.
Hungary is part of the wider CEE property boom, with the country’s strong economic growth buoying the local real estate market.
Investors believe that Hungary’s property market is a good investment and expect local residential property prices to continue rising for at least a decade.
Mood in Prague was bullish but longer-term risk factors – from CEE labour shortages to Brexit to robotisation – spurred calls for prudence.
Cities are critical to climate change mitigation efforts, and while CEE municipal authorities have to contend with region-wide challenges like demographic decline and a chronic lack of funding, they are no laggards in this area.