Hyatt Hotels Corporation announced the opening of Hyatt Place Kraków, marking the first Hyatt hotel in the city. The hotel represents the return of the Hyatt brand to Poland.

Panattoni has passed 130,000 sqm delivered for LX Pantos in Poland. The Korean logistics operator has increased the space it occupies within Panattoni Park Wrocław XIII to 50,000 sqm.

Q3 2022 saw up to a 30% q/q drop in the number of flats sold on the primary markets of Warsaw, Kraków, Wrocław, the Tri-City, Poznań and Łódź. The total number of flats sold in these markets was only 6,600. JLL experts emphasise that the last time such low demand for real estate occurred in Q2 2020 when sales offices were closed due to the COVID-19 pandemic wave.

Prices of homes in Romania fell by an average of 1.8% in Q3 2022 compared to Q2 2022, although in large regional cities such as Timișoara, Brașov and Iași the prices continued to grow in this period, according to property platform Imobiliare.ro. 

CTP sees growing interest in smaller multifunctional spaces of up to 2,000 sqm in the Czech Republic. In Brno's Ponávka Business Park, which is owned by CTP, there has been a long-standing interest in small spaces despite their full occupancy. Therefore, the developer has built two CTBox buildings in the revitalised brownfield CTPark Brno Líšeň, in which it is possible to rent multifunctional spaces from as little as 400 sqm, and more than half of the units have already been occupied. Most recently, the same type of units has also become available at CTPark Hradec Králové.

With over 20 million sqm of residential and commercial space destroyed across Ukraine during the past seven months of Russia’s full-scale invasion, the country will need to be rebuilt on a large scale. It creates attractive opportunities for property developers and investors but also requires the proper planning and legal framework to ensure that the new urban environment across Ukraine is liveable, financially viable, and safe to invest in. The consequences of the Russia-inflicted war in Ukraine for the real estate sector was one of the central topics discussed at Expo Real on 4-6 October 2022 in Munich.

According to Savills, the total investment volume for Purpose Built Student Accommodation (PBSA) in Europe reached €11.7 billion in the first three quarters of 2022, a 130% increase on the same period in 2021 and a record high.

Q3 2022 in the Warsaw office market saw record-low developer activity. At the end of September, only 160,000 sqm of space was under construction. As a result, new supply is expected to drop significantly in 2023, with only 60,000 sqm of office space coming to the market, JLL reports.

The Environment component in ESG is attracting the largest share of investments made by property players, as sustainable buildings have a better position in the market, concluded speakers in the ESG panel at SEE Property Forum 2022, held in Bucharest.

In the first quarter, second-hand home prices increased by 8.9%, and new ones by 6.6%. As for the second quarter, the figures were 6.3% and 3.3%, respectively, the Central Statistics Office reports.