Savills has prepared an overview of how the real estate market should react to the changing age structure of the global population. This study carried out as part of Savills Impacts programme, is about the prediction of residential supply and related services and hybrid working models. The fact that many Western countries are some of the fastest ‘ageing’ in the world isn’t news. In 10 years' time, the largest proportion of the Czech Republic’s population will be between 50 and 59 years old. Other countries in CEE are in a similar position. In Germany, Austria, Italy or France, the dominant age group will be 60 to 69. Meanwhile, at the other end of the scale, many African nations are seeing increases in their youthful populations. 

The interest rate side will be a definitive factor for investments going forward, while investors that have a strong equity base will have more opportunities to snap projects next year, concluded speakers in the opening panel of CEE Property Forum 2023, held in Vienna.

Property Forum published the results of its investment market sentiment survey at CEE Property Forum 2023 in Vienna yesterday. The results, providing an overview of market expectations across the region, are now available online.

Globalworth has recorded a net operating income of €73.7 million in the first half of 2023, up by 5.6% compared to the same period of last year, while the development pipeline includes industrial projects in Romania and the refurbishment of mixed-use projects in Poland. 

Wing has published its second ESG report, providing information about its environmental, social, and governance efforts, as well as its goals, the measures it has taken and the results it has achieved in 2022. The report has been prepared in accordance with the company’s first comprehensive ESG strategy, which will be finalised soon.

The land market in Romania recorded transactions with a combined value of around €250 million in H1 2023, driven by increasing demand in the retail and residential segments.  

New Immo Holding, which brings together the real estate activities of the Mulliez Family Association, has recorded gross revenues of €304.5 million during H1 2023, up 7% compared to the same period of last year, while the rental income rose by 2.6%. 

Property Forum is proud to be joining the first European World Built Environment Forum as a Media Partner. The event, organised by Property Forum’s long-term partner, the Royal Institution of Chartered Surveyors (RICS), will be held at the Procuratie Vecchie, Venice, a historical landmark in Piazza San Marco, in collaboration with Generali Real Estate.

Property Forum’s annual SEE Property Forum Award Ceremony will take place during SEE Property Forum on 24 October 2023. The list of award categories is already available and nominations are now open until September 11th. Property Forum’s Country Manager for Romania Fulvia Meirosu and CEO Csanád Csürös answered all potential questions related to the nomination process and explained how the winners will be selected.

Immofinanz Group recorded strong growth in both rental income and operating results in the first half of 2023. Rental income rose by nearly 80% year-on-year to €258.9 million and, at €216.8 million, the results of asset management were 97.1% higher than the first half of the previous year. The results of operations and sustainable FFO 1 from the standing investment business more than doubled to €118 million and €140.9 million, respectively.