Construction activity in the 19 Euroconstruct countries is projected to decline by 2.4% in 2024, while next year it should return to growth, with an estimated rate of 0.6%, according to the conclusions of a conference held in early December 2024, in Milan. 

Price pressure and uncertainties still exist in the residential market in CEE. Build-to-sell is dominant and build-to-rent has already started in some countries. According to the panel focusing on the challenges and opportunities in the residential market at CEE Property Forum 2024 in Vienna, stabilised construction costs and lower mortgage prices, however, may boost investments.

Real estate investment decisions in CEE are currently made considering various challenges, such as difficulty in predicting five-year exit strategies for investments, liquidity in the region, and concerns about the impact of ESG regulations on building compliance and financing, to name a few. CEE Property Forum 2024 in Vienna has taken a closer look at European investment trends in the panel chaired by Tim Wilkinson, MRICS, Head of European Acquisitions at Indotek Group.

Real estate investment experts are not too worried about the potential negative impacts of the second Trump presidency on Europe’s economy. However, they agree that Europe as a whole must react quickly to improve its competitiveness. That was one of the key messages of the opening panel of CEE Property Forum 2024, held last week in Vienna.

The Royal Institution of Chartered Surveyors (RICS) has released a new edition of its Global Red Book, which features several crucial updates on AI use in valuation and the mandatory implementation of ESG principles.

The land market in Bucharest and other regional cities is seeing increasing demand from developers of data centers that want to accommodate growing investments in the country’s IT&C industry, according to a report by iO Partners.

Immofinanz Group posted a net profit of €50.9 million in the first nine months of 2024, recovering from a loss of €105.9 million in the same period of last year, over higher rental income and additional sales of assets.

CA Immo recorded a 4% increase in rental income to €179.1 million in the first nine months of 2024 versus 2023 despite the sale of non-strategic properties, while it posted a net loss of €33.4 million compared with a profit of €61.1 million in the same period of last year.

Real estate financing has been facing various challenges including the need for more bank and debt fund participation, better understanding and collaboration between Eastern and Western Europe, and last but not least exploring opportunities in new real estate sectors, such as data centres, and developing financing solutions for these emerging asset classes. Outlooks and solutions have been discussed at the financing panel of CEE Property Forum 2024 in Vienna.

Property Forum is excited to announce the first edition of its annual listing of the 100 most influential people in the CEE real estate market. To access the publication, fill out the pop-up window that shows up when opening any Property Forum news story.