ARTICLES LABELLED WITH TAG economy

News Domestic investors close 80% of deals in Hungary
03
Nov
2021

Domestic investors close 80% of deals in Hungary

by Property Forum
The performance of sectors relevant to the commercial real estate market improved in the second quarter of 2021, while the positive impact of growth on the real estate market fell short of that observed in previous cycles, partly due to the direct impact of the pandemic (lasting drop in tourism) and partly to uncertainties resulting from the trends accelerated by the pandemic (penetration of home office and e-commerce), the National Bank of Hungary (MNB) said in its latest Commercial Real Estate Market Report. In addition to an overview of the office, warehouse, hotel and retail markets, the report also reveals that the ratio of domestic investors in all property deals was nearly 80%, even higher than in the especially active year of 2019.
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News Croatia’s construction boom: Real or smoke and mirrors?
02
Nov
2021

Croatia’s construction boom: Real or smoke and mirrors?

by Property Forum
Croatia’s remarkable recovery from the brutal impact that the COVID-19 epidemic had on the country in 2020 is, like its construction boom, both real and smoke and mirrors, both temporary and long-term, according to Michael Glazer (SEE Regional Advisors) and Tatjana Halapija (Nada Projekt), the Eastern European Construction Forecasting Association’s members in Croatia.
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News Labour shortage continues to hurt Hungary’s construction sector
26
Oct
2021

Labour shortage continues to hurt Hungary’s construction sector

by Property Forum
The shortage of skilled workers and engineers is the biggest obstacle to the business activities of design and construction enterprises, a market survey of the National Federation of Hungarian Building Contractors (ÉVOSZ) finds. While the number of people employed in the construction industry is growing each year, the number of vacancies is dropping rapidly, indicating that the labour supply is unable to keep pace with the development of the industry. The federation has therefore initiated a programme to call industry professionals working abroad home.
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News Material shortages threaten the construction sector’s recovery
01
Oct
2021

Material shortages threaten the construction sector’s recovery

by Property Forum
According to the UK analyst of Euroconstruct, Harvir Dhillon, material shortages have plagued the construction industry over the past few months. In tandem with rising inflation, global construction activity has experienced a supply-side shock that looks set to persist well into 2022. Disruption in the supply chain has been driven by a number of factors, from the constrained capacity of sawmills and steel mills to environmental factors such as the forest fires seen in major timber exporters like the United States and Sweden, to name but a few.
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News Inflation pressures to ease going into 2022
22
Sep
2021

Inflation pressures to ease going into 2022

by Property Forum
The high inflation rate that averages at 5% across Central and Eastern Europe and its impact on the property sector was debated during the financing panel of CEE Property Forum 2021, Property Forum's first real-life event back in Vienna since 2019 which was attended by over 400 people coming from countries all over the region and beyond.
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News Bratislava’s real estate market is returning to normal
13
Jul
2021

Bratislava’s real estate market is returning to normal

by Ákos Budai
According to the last few months’ most active investor on the Slovak market, investment activity is returning to normal. Martin Šmigura, investment manager of WOOD & Company’s real estate operations in Slovakia, talked to Property Forum about the company’s recent investment deals and shared his market expectations.
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News Anchor Grup to continue on the path of sustainable development
12
Jul
2021

Anchor Grup to continue on the path of sustainable development

by Ovidiu Nicolae
Affan Yildirim, General Manager and Board Member at Romania-based real estate developer Anchor Grup talked to Property Forum about business strategy and shared his expectations for the Romanian economy and the property investment market in 2021.
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News Hungary levies 90% tax on construction materials
09
Jul
2021

Hungary levies 90% tax on construction materials

by Property Forum
The government’s recently announced measures to curb construction material prices were published in the Official Gazette late on Thursday, including the supplementary mining tax, a new type of tax for certain market players.
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News Long term inflation risk could pose a challenge for Romania's property market
04
Jul
2021

Long term inflation risk could pose a challenge for Romania's property market

by Property Forum
Real estate market players in Romania could face new challenges if the current inflation pressures spill into the next years, said executives during an expert panel discussion that marked the launch of Property Forum’s first annual “The 50 Most Influential People on Romania’s Real Estate Market” publication.
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News Strong rebound in European construction in 2021, but not in Hungary
15
Jun
2021

Strong rebound in European construction in 2021, but not in Hungary

by Property Forum
According to the new forecast presented by WIFO, the Austrian partner of the Euroconstruct network, construction in the Euroconstruct area is set to register a 3.8% growth this year. Yet, Hungary still awaits negative growth rates this year, although the drop in 2021 is foreseen to be lower than last year.
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Latest news


New leases

  • A 200-square-metre Office Shoes store offering branded women's, men's, and children's footwear has opened in the Forum Gdańsk shopping centre. This is the chain's first shop in Gdańsk.
  • IWG has leased 906 sqm for a new Regus space in VOX Technology Park in Timișoara.
  • Auchan will open a new 7,000 sqm hypermarket at the end of next year in Sun Plaza, the shopping mall owned by CPI Romania. This move is part of a broader strategy to reposition Sun Plaza, which will undergo a phased modernization process starting in June. The space was previously leased by Carrefour.

New appointments

  • CBRE Romania has announced the promotion of Ramona Hîrnea to the role of Head of Investor Retail Leasing for its national operations. With over 22 years of experience in commercial space leasing, Ramona brings a comprehensive perspective on the retail market, gained both from her position as a consultant for property owners and as a representative of tenants.
  • Marcin Janik has taken up the position of head of the southern Poland region at CBRE. He will be responsible for Silesia, Małopolska and the previously serviced Wrocław.
  • GTC Group has appointed Miklos Egri as Chief Operating Officer. The new manager will be responsible for the company's day-to-day operational and administrative management in the Central and Eastern European markets.

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