Hungary Real Estate Tenders

Market Value: Projected to reach US$1.27 trillion in 2023, with an expected annual growth rate of 5.25% until 2028.
Price Trends: Nationwide house price index rose 2.82% year-over-year in Q2 2023, showing a deceleration from previous rapid increases.
Hotspots: Budapest remains the main driver of the market, with higher prices and investment activity.

Hungary Real Estate Government Procurement
Purpose: Government agencies acquire real estate for various purposes, including offices, hospitals, schools, and housing.
Transparency: Procurement processes are governed by the Public Procurement Act of 2015, ensuring open and fair competition.
Economic Significance: Government procurement plays a vital role in the Hungarian real estate market, generating substantial investment and business opportunities.

Top Products and Services Procured
Office buildings: Government agencies seek modern, energy-efficient office space to accommodate administrative functions.
Housing: Social housing projects and affordable housing initiatives are key priorities for the government.
Special-purpose properties: Hospitals, prisons, schools, and other public facilities require specialized design and construction.

Top Authorities for Real Estate Procurement
State Asset Management Agency: Responsible for managing state-owned properties and overseeing large-scale procurement projects.
Central Public Procurement Office: Oversees all public procurement activities in Hungary and provides guidance to government agencies.
Ministry of Finance: Plays a key role in budgetary allocation and financial oversight of real estate procurement projects.

Top Winners of Real Estate Procurement
Domestic construction companies: Major players like Market Építő Zrt. and West Hungária Bau Kft. frequently win government contracts.
International developers: Global companies like Skanska and Strabag are also active in the government procurement market.
Small and medium-sized enterprises: Smaller firms often win contracts for specialized projects or renovations.

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