In 2022, a total of 333,210 sqm of new industrial/logistics space was added to the Greater Budapest stock, the Budapest Research Forum reports.

Saying goodbye to 2022 means welcoming a year of uncertainty for the fourth time in a row. Two pandemic years, war in Ukraine, historically high inflation and the upcoming spectre of recession have forced the Polish investment market to cope with tough times, says Avison Young Poland

In their global real estate outlook for 2023, the Savills World Research team says that capital value increases in most real estate sectors around the world in 2023 will be minimal, and rental growth prospects limited, but investment activity may rebound in H2 2023.

The Polish Ministry of Development and Technology has drafted a bill to limit purchases of large numbers of flats. The new legislation is to target both individual investors and funds investing in the institutional rental segment (PRS).

New technical regulations regarding the methodology for calculating the energy performance of buildings will be enforced in Romania starting February. The new rules will help the local construction market will take an important step forward by aligning with European standards and trends in terms of sustainability

A key challenge facing many real estate corporates, who historically have been reliant on the bond markets, is the quantum of near-term maturities. This includes the Nordics where JLL estimates circa 32% of real estate corporate bonds are due to mature within the next 2 years. 

Demand for renting and buying real estate should remain decent over the longer term in Romania and its neighbors, despite 2023 most likely being a bit more challenging than a regular year, according to experts of Colliers. 

A stagnating market, stable prices of quality properties and further inflation of the rental housing bubble. These are the key trends of the Prague residential market at the end of last year, according to an analysis by Svoboda & Williams.

The Czech real estate market in 2023 will be driven mainly by inflation, which will also determine this year´s ten real estate market trends. Among them will be high construction costs, pressure for ESG compliance and looking for a balance between savings, spending a responsible investing, says Colliers in its real estate market prediction for this year.

The war in Ukraine has affected the economic situation of all countries from the CEE region, ESG moves from “nice to have” to a market standard in all real estate market segments and increasing construction, operation and transportation costs translate into increasing costs in all real estate sectors. These are some of the key findings discussed in the latest Colliers summarising the year 2022 in CEE.