Edwin Warmerdam, Partner, Head of Tax at Forvis Mazars in Romania, spoke to Property Forum about the taxation outlook in 2025 and the tax changes that could spur investments in the local market.

The total investment volume in the Czech Republic for the first three quarters of 2024 has exceeded the €1 billion threshold, reveals a regular quarterly survey published by Colliers. Approximately half of the properties bought and sold in 2024 are located outside Prague. 

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INVESTIKA real estate fund has announced exceeding the threshold of CZK 20 billion (€790 million) in the volume of funds from Czech and Slovak investors. 

Property group NEPI Rockcastle has posted a 12.3% growth in net operating income to €411 million in the first nine months of 2024 versus the same period of 2023 over higher rents and short-term income. 

Romania’s property investment market reached close to €655 million in the first nine months of 2024, up by 169% compared to the same period of last year, according to an iO Partners report.

The transformation of Prague's Florenc quarter is progressing to the next phase. Penta Real Estate, in cooperation with the capital city of Prague and the city districts of Prague 1 and Prague 8, has announced four international architectural competitions for four blocks in the area between the highway and the Prague-Florenc bus station.

The Amadeus Real Estate Group is preparing to sell the Máj department store in the centre of Prague to Realita fund, managed by the investment company Atris, reports Seznamzpravy.cz.

For the first time, YIT is expanding its development activities outside Prague and is preparing its first residential project in Brno. A growing demand for quality housing in the city is offering interesting potential for construction. 

Hungarian investor GESTOR REAL ESTATE announced the successful sale of Mazarrón Park, a retail destination on Spain’s scenic Costa Cálida, to French investment firm Epsilon 360° SCPI. This acquisition represents a significant milestone for Epsilon 360° as it broadens its reach into the thriving Spanish market, marking its first major investment outside of France.