The popularity of the residential segment in the Czech Republic has increased among investors due to its stability. The availability of owner-occupied housing is decreasing, and trends are showing different younger generations' lifestyle requirements. According to a C&W report, investment in rental residential projects in the Czech Republic has tripled year-on-year.

Banks and building societies in the Czech Republic have provided mortgages to households in the amount of CZK 18.2 billion (€719 million) in March 2024. The volume of mortgages granted has increased by 15.5% month-on-month. The above information comes from the data of ČBA Hypomonitor, capturing data from all domestic banks and building societies providing mortgage loans.

Last year was a year of gradual recovery in demand and relative stabilization for Ukraine’s warehouse property market. Recall that 2022 was a year of forced demand, with rental activity supported by relocations to safer locations and the search for new premises to replace the destroyed ones. In 2023, the market moved from the stage of survival to the stage of moderate development. Iryna Nastych summarised what happened in the warehouse market in 2023 and what to expect this year together with experts in an article prepared by the Ukrainian Real Estate Club for Property Forum.

Romania saw new construction volumes expand by 64% in 2023 compared to the previous year, reaching also a record in gross value and growth rate from the past decade, according to the EBI Construction Activity Report.

Companies with expiring lease contracts are increasingly preferring renegotiation to move to new premises. One of the reasons is the high office fit-out costs, as the outcome of Cushman & Wakefield’s annual EMEA Fit Out Cost Guide is showing.

Penta has announced its plans to open the first-ever fund for qualified investors. Legal and administrative actions leading to its establishment are currently underway, and details of the structure and functioning of the fund are going to be announced in the second half of this year.

The residential market in Slovakia has almost stopped. The top ten Slovak developers have sold a total of fewer than 800 apartments in Slovakia, as 2023 figures are showing in the ranking on Index.sme.sk.

Property Forum is proud to be joining Urban Land Institute (ULI) Poland, a global nonprofit organization of real estate professionals, as a Media Partner for its annual “Game Changers in the Real Estate World” conference for which the agenda has just been announced. The event will be held at the Raffles European Hotel in Warsaw on April 17-18, 2024.

CPI Property Group has published its audited financial results for the financial year ended 31 December 2023, confirming a stable market environment with high occupancy figures. On the other side, the figures have shown a considerable net loss of €877 million, driven predominantly by a non-cash negative revaluation result. Property Forum asked CPIPG spokesman Jakub Velen to comment on the figures and provide an outlook for the year ahead.

CTP has increased its total lettable area in the Czech Republic to over 4 million sqm, reaching a 27% share of the Czech industrial real estate market.