Cross-border capital takes a larger share of European offices

Savills said on 21 October, using RCA data, that cross-border investment represented 39% of European office activity so far in 2026, after 36% across 2025. This is a market share, not the growth rate of total investment volume. The Hungarian relevance is direct: the adviser says Czech and Hungarian investors have become more active outside Central and Eastern Europe.

The release highlights a EUR 451 million Stockholm office-portfolio deal, while French SCPI funds are examining new Central and Eastern European targets. That does not prove every Budapest office has become more liquid or more valuable; building quality, tenants, financing and energy performance remain decisive.

Average European prime office yields moved outward by 13 basis points to 5.1% in 2026 Q3. Several cities moved out by 25 basis points, while Stockholm moved inward by 15 basis points to 3.75%. A higher yield can indicate downward valuation pressure, but it is not the achieved yield of every transaction.

James Burke, Savills director of global cross-border investment, said occupational markets delivering rental growth would help maintain offices’ appeal. This is expert assessment. Capital sources matter in Hungary because foreign and regional buyers can have different funding costs, currencies and required returns.

Our earlier house-price comparison and construction data measure other property segments. The next evidence is actual Central European transaction volume, Budapest prime yields and new leases showing whether international interest becomes local deals.