Start-ups, venture capital investors, property developers and investors, asset managers, agents, advisors, valuers, tenants, property and facility managers from Hungary, CEE and beyond are coming together at Budapest PropTech Forum 2019 to share their vision for the future and to learn about the next phase of our profession.

Advances in AI applications are already causing revolutionary changes in the commercial real estate field, and we’ll continue to see a shift in the way real estate professionals do business in the years to come. With PropTech start-ups increasingly offering technologically innovative products and business strategies for the real estate market, Instant Offices looked at some of the top predicted AI trends that PropTech companies will be bringing into the real estate market in the next two years.

Warsaw, Krakow and Wrocław offer access to large pools of high-skilled professionals, modern office space and suitable infrastructure. They compete for shared services centres not only with other Polish cities but also with large urban areas worldwide, according to Cresa’s report on the Polish outsourcing market.

The local real estate market has entered a new year of development on all its major segments, as developers plan to deliver industrial, retail and office spaces with a cumulated area of 1.2 million square meters, a new market record. In comparison, new spaces of around 850,000 square meters were delivered in 2018, according to data from Cushman & Wakefield Echinox.

Europe’s commercial property market is enjoying a favourable operating environment supporting its credit quality but risks are increasing. Rising interest rates and slowing economic growth could dampen future investor demand, according to Moody’s latest report.

The European retail market is undergoing massive changes as e-commerce grows and consumer habits change. Here are our 10 key takeaways from the annual RICS European Retail conference that was organised in Amsterdam this week.

Decreasing supply of attractive land parcels combined with growing prices are directing investors' attention to areas with objects that require either demolition or revitalization. Multi-functional projects are still gaining popularity in Poland, according to JLL’s report.

Office building transactions on the Romanian market reached the highest level of the last decade in 2018, as 20 assets with a total GLA of 220,000 square meters and a value of more than €500 million were transacted only in Bucharest, according to Cushman & Wakefield Echinox.

Hungary’s investment market peaked in 2017 but a solid €1.8 billion was transacted in 2018 with local investors closing 65% of purchases on the buyer side. Property Forum summarised some of the key market trends presented at CBRE’s yearly Re-View business breakfast.

Developers and real estate investors completed land acquisitions with a cumulative value of around €245 million last year in Bucharest, a new record for the past ten years, according to the Cushman & Wakefield Echinox which has monitored 31 medium and large transactions.