Can You Provide Information on Polat Real Estate’s Activities in Hungary?

Our first project in Budapest, the LEED-certified Duna Pearl, has been completed with a total investment value of €123 million. Recognized as the Real Estate Project of the Year in 2024, Duna Pearl consists of 193 residences, a 105-room Four Points By Sheraton Hotel, and 12 retail spaces.

We have also completed and begun deliveries for the first phase of City Pearl, Hungary’s largest urban regeneration project, developed with a €400 million investment in partnership with Özaltın Holding and Nurol Holding.

Additionally, we have launched a new project in the historic Dohány district, one of the social hubs of Budapest, with an investment value of €85 million.

Can You Provide an Analysis of the Industry and the Hungarian Economy?

Hungary, one of Central Europe’s strongest economies, continues to grow due to its EU membership, strategic geographic location, strong manufacturing capacity, and open economy.

Today, Hungary’s expanding construction and real estate sectors have made it an attractive and dynamic market for both domestic and international investors. With legal incentives for local buyers, both Hungarian residents and foreign investors eager to seize opportunities are driving strong demand.

The increasing need for urban regeneration in Budapest, combined with high demand and favorable market conditions, continues to fuel rapid growth in the residential real estate sector.

What Are the Key Factors Behind Your Decision to Invest in Hungary?

Hungary has strengthened its economy in recent years, positioning itself as a regional investment hub in the heart of Europe. The construction and real estate sectors continue to expand, attracting increasing interest in large-scale projects.

Economic stability is a critical factor for us, ensuring that we can invest with confidence. Our initial attraction to Budapest stemmed from historical and cultural ties between Turkey and Hungary.

Additionally, Hungary’s well-developed technical infrastructure, attractive investment incentives, highly skilled workforce, and the lowest corporate tax rate in the EU at just 9% make it a highly appealing destination for us.

What Are Your Future Projections for Your Activities in Hungary?

Following the successful delivery of the first phase of our City Pearl project last year, we are now progressing rapidly with the construction of additional blocks and commercial spaces within this mixed-use development.

Meanwhile, we are also continuing our work on our new project in the heart of Budapest’s social scene, the Dohány district. This development aims to offer a modern, comfortable, and luxurious mixed-use living environment surrounded by green spaces.

Designed for those looking for a hidden oasis in the heart of a dynamic city, this eco-friendly project will feature AA+ energy-certified residences with high ceilings and expansive windows, creating a bright and contemporary living space.