Gestor in Hungary

We are proud to have a selected list of properties in amazing locations in downtown Budapest and also countrywide. Hungary is the place where we have our roots, where we know all parties acting on the market and where all our Investors started its activity.

Hungary’s GDP is expected to grow 4.9% in 2019, one of the fastest in Europe. Private consumption remains an important driver of the economic growth, supported by a tight labour market and hikes in real wages.

Hungary’s real estate market contributes a substantial share in Hungary’s overall GDP with infrastructure projects accounting for highest spending. The growth in Hungary’s real estate market has been driven by four major segments namely- residential, commercial, retail and hotel sectors. GESTOR invested in 2017-2018-2019 in two major residential property developments, namely the 140 unit Trinity residential project in district 13 of Budapest and also in one of the largest residential project in Szombathely (western region of the country) the Gyöngyös Patak lakópark with 100 residential units. GESTOR is now preparing a unique boutique hotel project in district 7 of Budapest.

GESTOR Real Estates is dedicated in active property investment activity in Hungary as well. We use our intellectual capital to find and deliver sources of outperformance in the investment portfolio in our country of origin. We take a global view of property and combine it with our local expertise. A disciplined investment process based upon innovative research enables GESTOR to enhance returns not only at country and sector level but also in the selection and management of assets.

Gestor in Spain

The Spanish economy grew for a fifth consecutive year after GDP registered 2.5% y-o-y growth in 2018. After reaching this figure in Q4, we can safely say that GDP growth will still be positive in the upcoming years.

Business investment has continued to grow thanks to increased confidence and wider profit margins. Residential investment is also trending upwards, reflecting the improving jobs situation and the more favourable financing terms and conditions for both households and non-financial corporations. These improvements have helped to make Spain more competitive on the world stage and underpin growth in exports, which considerably boosted GDP growth in 2018. Low interest rates and modest price increases were also key to this widespread growth. Yields are expected to remain stable, with increases in prices per sqm being as a result of rental growth. Prime properties in consolidated secondary locations (shopping centres and offices) will also see some yield compression in the upcoming years.

GESTOR is present in Spain with stable supermarket projects in the northern region of the country, namely in Zaragoza, Valladolid and Lugo.

Gestor in Portugal

Portugal has turned a corner and GESTOR Real Estate Investment managed to Invest in time during the period of 2015-2016. Having gone through a mild boom, a slump, and a severe recession, all packed in less than two decades, the Portuguese economy has re-emerged with a newfound strength.

Having several rented hotels and hostels in Porto and on the Ocean side in the South of Portugal, GESTOR’s investment in Portugal focus also on tourism. GESTOR believes in long-term that the FMCG sector will remain steady and the logistic projects will have their ways to grow in the upcoming years.

Economy

In 2018, the Portuguese economy is expected to grow for the fifth consecutive year. The robust performance of domestic demand, as well as the sustained increase in investment and exports, are the main contributors to this growth.

Retail

In the first half of 2018, the retail sector in Portugal maintained its strong growth, continuing a trend started in 2015. Domestic retail sales increased by 4.6%, significantly influenced by non-food retail, which grew by 6.1% compared to last year.

Hotels

The number of tourists in Portugal in the first six months of 2018 stood at 9.6 million – a year-on-year increase of 2.6%. Total overnight stays over the same period, at 25.4 million, showed a somewhat less spectacular growth, of only 0.5% versus 2017.

As the first investment spot, GESTOR started its foreign activity in Porto. The northern capital of Portugal has seen an important growth in tourism in recent years and today is one of the most popular city break destination in Europe. In the first half of 2018, the northern region received two million tourists, reflecting a year-on-year growth of 5.3% compared to 2017.

The city of Porto is the main destination of tourists arriving in the northern region, and its current supply consists of 94 hotels and more than 6.500 rooms.

Hotel activity in Porto dominates the tourism market in the northern region. In 2017, the average occupancy rate of 3 to 5-star hotels ranged from 70% to 77% and the average room rate stood between €57 and €133 – an increase of 15% to 19%. GESTOR invested in several hotel and guest house projects in the city of Porto.