Everyday personal and professional life have both been impacted by the COVID-19 pandemic in a radical and unexpected way, and the general opinion is that its influence and effects will have repercussions on how people live and work, even after the medical situation will be stabilized. Cushman & Wakefield Echinox and Dentons are launching a debate over 10 issues that will impact the entire office sector in Romania, covering over 350 modern buildings with a total surface of more than 4 million square meters and approximately 400,000 employees working in some of the largest companies, emblematic for the national economy.

With a total volume of approximately €120 million in the first quarter, the Romanian investment market had a similar start compared with the same period in 2019, when the volume of transactions was €117.5 million. An optimistic scenario puts the total volume of investments for 2020 at €750 million, while a pessimistic one somewhere at €500 million. Crosspoint Real Estate has issued its latest market report on the Romanian real estate market’s performance.

Colliers International’ latest report “COVID-19 European Real Estate Markets Government Response” presents information on how the national governments across EMEA are supporting businesses with specific reference to commercial and residential rent/mortgage payments, business loans and grants, taxation allowances and business rates and household/individuals salaries. Force majeure impact on lease contracts is also considered.

Property Forum’s next virtual event will take a closer look at the immediate and long-term effects of the coronavirus lockdown of real estate financing in CEE. Hear the economic outlook of Commerzbank’s Senior EM Strategist and listen to the discussion of influential bankers. Participants will also have the chance to ask questions and share their personal experiences.

The preliminary investment volumes for the CEE region for Q1 2020 have reached ca. €3.7 billion, despite the onset of COVID-19 in CEE at the beginning of March. This volume was significantly boosted by the ca. €1.3 billion acquisition of the Residomo portfolio in the Czech Republic by Heimstaden, however, it still represents a y-o-y growth of 68% over Q1 2019 (ca. €2.2 billion) and 28% over Q1 2018 (ca. €2.9 billion).

In its first of a series of global sentiment surveys, Savills has assessed the initial impact of COVID-19 on transactional and occupier markets around the world, with 67% of countries currently reporting a moderate negative impact, and 29% citing a severely negative impact.

Even though it is too early to estimate precisely, the pandemic of COVID-19 will certainly have an impact on the global economy and, the probability of a global recession in 2020 is considered high. It appears that we will witness consecutive declines in global and regional GDP in the current and next quarter of 2020.  CBS International, a member of Cushman & Wakefield Alliance, summarized the potential implications of the COVID-19 crisis on the Serbian property market.

Arcadis published the annual results of the international construction costs comparison (International Construction Costs 2020). Arcadis ICC Index 2020 monitors 100 cities around the world, assessing their construction costs and market conditions. This year's study also includes an insight into the construction industry in view of the current coronavirus pandemic and the ongoing climate change. According to the ICC Index 2020, Prague has higher construction costs in the CEE region than Warsaw (Poland), Belgrade (Serbia), Bucharest (Romania) and Sofia (Bulgaria), but lower than Zagreb (Croatia).  

Property Forum’s next virtual event will take a closer look at the immediate and long-term effects of the coronavirus lockdown of real estate financing in CEE. Hear the economic outlook of Commerzbank’s Senior EM Strategist and listen to the discussion of influential bankers. Participants will also have the chance to ask questions and share their personal experiences.

The coronavirus pandemic could be the catalyst for increased working from home in the future, a survey by Colliers International has revealed.