ARTICLES LABELLED WITH TAG Czech Republic

The Q2 2024 residential market report in Prague has shown growing appetite by buyers. Real estate is the largest asset class in the world, yet real estate decisions are often made intuitively rather than based on the data, declares Martin Decký, Harvard Alum and Co-Founder & CEO at BuiltMind. Property Forum has taken a closer look with him on the outlooks of the Prague resi market for the upcoming months.

Czech development group UDI Group has launched the sale of its residential project in Costa Rica. The group is planning the construction to start at the beginning of next year, investing almost CZK 500 million (€20 million) in the project.

Savills' research has shown a positive growth outlook for the European grocery sector for the coming years. Savills is forecasting stable yields within the field and has noticed an interesting shift in consumers’ preferences.

As climate change progresses, cities are trying to find ways to eliminate overheating of urban areas. They are striving to preserve a pleasant environment for residents and all fauna and flora even in places with dense construction. Blue-green infrastructure building is considered to be a good option. 

The new construction law has taken effect in the Czech Republic since July 1, 2024, and the application problems are multiplying. One of the troublesome areas is digitised permitting management, reports Newstream.cz.

Shopper Park Plus Plc., a Hungarian REIT, member of Adventum Group, is rebranding the shopping centres and retail parks and launching a new brand on the Czech retail market.

The Regional Research Forum has presented H1 2024 Brno and Ostrava office market data. The vacancy rate in both cities is moving slightly below 12%.

As of August 1, 2024, the Property Management Department at Savills has been further strengthened. Petra Gavendová has joined the department as Business Development Lead. 

A Korean automotive company has taken over a new hall in the Kladno-South location with an area of 21,000 sqm, reports Newstream.cz. Construction has lasted a year and the new building has been handed over to the tenant this July. 

The Realism development group has introduced the concept of so-called unlimited vacation and encourages all members of its team to use as many days off as possible. At the same time, it has adopted a new method of corporate education.