ARTICLES LABELLED WITH TAG economy

News With a new building code coming, Czech builders prepare for chaos
13
Feb
2024

With a new building code coming, Czech builders prepare for chaos

by Property Forum
In less than five months, the new building code for common buildings in the Czech Republic is going to enter into force. However, clouds are gathering around it. Builders are afraid of the shortcomings they have encountered recently when familiarizing themselves with the new requirements of the legislation, reports Seznamzpravy.cz.
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News Bankers remain optimistic despite weak 2023 investment volume
16
Jan
2024

Bankers remain optimistic despite weak 2023 investment volume

by Property Forum
The past year has probably been the weakest since 2009 in terms of the volume of investments in real estate, both in the Czech Republic and throughout Central and Eastern Europe (CEE). This conclusion has resulted from the KPMG Property Lending Barometer survey. It has involved representatives of 48 banks from 10 CEE countries.
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News Consolidation package nearly doubles property tax in Czech Republic
12
Jan
2024

Consolidation package nearly doubles property tax in Czech Republic

by Property Forum
As part of the so-called consolidation package, which has changed several dozen laws since January in the Czech Republic, the property tax is rising by an additional 80% starting this year, reports Seznamspravy.cz.
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News Slovakia postpones new Construction Act
09
Jan
2024

Slovakia postpones new Construction Act

by Property Forum
The Construction Act in Slovakia has been in force for half a century, and this year will probably not be its last either. The new Construction Act, or the Construction Act and Spatial Planning Act, was supposed to enter into force in Slovakia on 1st April 2024. The validity of part of the new legislation will be postponed, reports yimba.sk.
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News Ukraine bets on industrial parks: Will it help restart the market?
06
Nov
2023

Ukraine bets on industrial parks: Will it help restart the market?

by Property Forum
Industrial parks should become a powerful driver of the economy and a driving force for the development of the Ukrainian industry and its inclusion in the European system. The state has created the prerequisites for this: in addition to tax incentives, the draft budget for 2024 provides UAH 1 billion (€26 million) for a program to support industrial parks. Iryna Nastych summarised the situation in an article prepared by the Ukrainian Real Estate Club for Property Forum. She analysed how the segment of industrial parks has received a boost in development despite the war, what is the synergy between the state, business and local communities, and what prevents more active development of this area.
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News Change of power in Poland puts end to whispers of possible "Polexit"
17
Oct
2023

Change of power in Poland puts end to whispers of possible "Polexit"

by Michał Poręcki
According to the preliminary results of the parliamentary elections held in Poland on Sunday, after 2 terms and 8 years of independent rule, Prawo i Spawiedliwość (Law and Justice) will have to hand over power to the opposition. This is certainly good news for foreign investors, who may have feared worsening chaos in law and taxation and, in the longer term, Poland's potential exit from the structures of the European Union.
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News Where to find investment opportunities in Poland?
03
Oct
2023

Where to find investment opportunities in Poland?

by Property Forum
Just ahead of the Expo Real investment fair in Munich, experts of Avison Young presented an overview of the current situation in the Polish commercial real estate market. 
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News Hungarian inflation falls below 20% but still remains highest in CEE
08
Aug
2023

Hungarian inflation falls below 20% but still remains highest in CEE

by Property Forum
Consumer prices in Hungary were 17.6% higher on average in July 2023 than a year earlier. The highest price rises were measured for electricity, gas and other fuels as well as food over the last twelve months. In one month, consumer prices increased by 0.3% on average, within which, however, clothing and footwear cost 1.4%, food 0.9% and consumer durables 0.5% less, the Hungarian Central Statistical Office (KSH) reports.
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News Properties in Sofia remain among the cheapest in Europe
05
Apr
2023

Properties in Sofia remain among the cheapest in Europe

by Property Forum
Properties in Sofia rank relatively cheap compared to other major cities in Europe. The Bulgarian capital is taking the last place in rankings by average price and the market has opportunities to grow. The opinion was expressed by Thomas Stanishev, Director of Galardo Real Estate, in an interview for the show "Club Investor'' of Bloomberg TV Bulgaria  
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News Inflation hits record high in Hungary last year
13
Jan
2023

Inflation hits record high in Hungary last year

by Property Forum
Consumer prices were 24.5% higher on average in December 2022 than a year earlier which is a new record, compared to the last decade. The highest price rises were measured for electricity, gas and other fuels as well as food over the last twelve months. Prices increased by 14.5% on average in 2022 compared to the previous year, Hungarian Central Statistical Office reports. 
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Latest news


New leases

  • Eolus Poland will join the tenants of Life Building in Warsaw's Wola district. The Swedish-based renewable energy provider will occupy almost 300 sqm in the office building in April.
  • EPP-managed Galeria Olimpia has recently signed agreements with seven tenants - drugstore dm-drogerie markt, pet market Family Pets & Zoo and brands Reporter Young, Pitbull West Coast, Czas na Herbatę, Arianos Doner Kebab and entertainment centre Crazy Ticket. The new tenants will occupy more than 1,100 sqm of space, and the facility's occupancy level is 99% at present.
  • Hexing Technologies Europe has leased 8,000 sqm for a new production plant in Globalworth Timisoara Industrial Park I. The lease deal was brokered by CBRE.

New appointments

  • Avison Young has named Adrian Crizbășianu, former executive at DB Schenker and VGP, as the new Head of Industrial & Logistics Agency. He has an extensive background in logistics and real estate spanning over 25 years.
  • Katarzyna Uzar joins the Valuation and Advisory team at Avison Young in Poland to take on the position of Assistant Valuer. She will support the team in creating offers and letters of appointment for valuation and will help property valuers throughout the valuation process.
  • Bartosz Chrostowski, an expert with almost 10 years of experience in commercial property, has joined real estate advisory firm Savills as an Associate Director of the landlord representation team of the office agency led by Daniel Czarnecki.

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