Political risk seems not to be affecting the performance of CEE markets. Members of the investment panel at the Portfolio-RICS Valuation & Investment 2018 conference in Budapest are confident about the future of the market and view industrial/logistics and retail as the most attractive asset classes.
Digitisation and automation are transforming the property business, not just in Western Europe but in CEE markets as well. 200 people came together at the second Prague Property Forum 2018, a conference organised by Property Forum and RICS, where an international group of speakers discussed the effects of technology on the property business.
Immofinanz doubled the results of operations to €35.5 million in the first quarter of 2018 (Q1 2017: €17.8 million). Rental income rose by 3.3% to €59.0 million. The results of asset management increased by a sound 14.1% to €45.0 million following a substantial reduction in property expenses. Both the results of property sales and the results of property development turned clearly positive: the results of property sales improved to €3.5 million (€-6.0 million) and the results of property development to €1.8 million (€-5.8 million).
Automation and digitisation penetrating all spheres of life also have a material impact on the economy. Experts of Cushman & Wakefield have identified five key factors that will shape the retail and warehouse market growth going forward.
Market players still look positively toward the future of Central and Eastern European property markets but they are visibly less buoyant than they were during most of 2017. Results for Bulgaria, Croatia and Hungary are the most positive, while in Romania the picture is rather mixed. All data points to the Czech investment market being in a state close to peaking.
Belgrade’s real estate market continues to grow cautiously. Prime yields currently stand at 8.50% for offices, 8.00% for shopping centres and 9.75% for industrial assets, according to JLL’s Belgrade City Report for Q1 2018.
Innovation and technology will fundamentally change the world of real estate, but real estate professionals don’t always find the best way to embrace these changes. Here are our top 10 takeaways from FUTURE: PropTech London, a proptech event that took place on 2 May.
Property Forum is joining Israel’s premier networking summit for leaders in both the real estate and technology sectors as media partner. PropTech360 will take place in Jerusalem on June 7th, 2018 at the Inbal Hotel.
This year´s central topic at Prague Property Forum will be the digital transformation effectively changing the real estate market. The event, which will be held for the second time in Prague, is organised by Property Forum in close cooperation with RICS. The conference has attracted highly respected speakers from the Czech as well as European property markets, some of them being present in Prague for the first time.
Property Forum is a leading event hub in the CEE real estate industry with nearly 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Milan, Germany, Bucharest, Budapest, Belgrade, Bratislava and Prague.