ARTICLES LABELLED WITH TAG recession

News Bulgaria’s residential market dives into recession
01
Aug
2023

Bulgaria’s residential market dives into recession

by Property Forum
Bulgaria is witnessing a continuous decline in residential real estate transactions for the fourth consecutive quarter. According to data from the Registry Agency, property purchases across the country have decreased by 15% during Q2 2023, reaching  54,371 transactions in total.
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News Austrian PMI sinks to record low
08
May
2020

Austrian PMI sinks to record low

by Property Forum
UniCredit Bank Austria's Purchasing Managers' Index sink to a record low of 31.6 points in April. A strong rebound is expected from Q3 2020 after the easing of lockdown restrictions.
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News Hungary to weather the storm better than most, IMF says
15
Apr
2020

Hungary to weather the storm better than most, IMF says

by Property Forum
Hungary's economy could rebound with 4.2% GDP growth in 2021 following a 3.1% contraction this year, according to a forecast by the International Monetary Fund published on Tuesday. According to the IMF, Hungary's economy is surprisingly resilient to the crisis, with only Serbia expected to do slightly better this year in the region.
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News CEE countries start to loosen lockdown measures
14
Apr
2020

CEE countries start to loosen lockdown measures

by Property Forum
Countries in CEE acted early by closing their borders and introducing lockdown measures in response to the pandemic. Now, Austria and the Czech Republic are among the first in Europe to begin lifting their coronavirus restrictions.
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News Hungary and Poland may recover slower – Online panel summary
10
Apr
2020

Hungary and Poland may recover slower – Online panel summary

by Property Forum
The topic of Property Forum’s second online panel was the impact of the coronavirus lockdown on real estate financing in CEE. After the economic outlook of Commerzbank’s Senior EM Strategist, Tatha Ghose, four expert bankers discussed the short and long-term effects of the pandemic, such as how the lockdown affects ongoing deals, what kind of recession are we looking at and how the perception of individual asset classes may change in light of the current events. According to the experts, the recovery is expected to take longer in Hungary and Poland, while the rebound may come sooner in the Czech Republic and Slovakia.
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News Hungary's economy suffers more than others in the region
03
Apr
2020

Hungary's economy suffers more than others in the region

by Property Forum
According to the Purchasing Managers' Index (PMI), which measures the activity level of purchasing managers in a given sector, Hungary's manufacturing industry was hit much harder by the coronavirus crisis than the same sector in other CEE countries. The Polish and Czech PMI show that these economies were less affected by the downturn in March than the economy of Hungary.
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News Further measures taken to save CEE economies
26
Mar
2020

Further measures taken to save CEE economies

by Property Forum
Governments in CEE countries have introduced further measures to ease the impact of the coronavirus crisis on the economy. Property Forum summarised the latest actions.
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News Europe under lockdown - Economic depression or rapidly growing infection rate?
26
Mar
2020

Europe under lockdown - Economic depression or rapidly growing infection rate?

by Property Forum
Policy-makers face the harsh dilemma of having to mitigate an economic slowdown and revenue shortfalls, in addition to a rapidly growing infection rate. The biggest challenge for the next couple of months will be to determine how long lockdown measures should be kept in place.
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News Erste: a recession in CEE is possible
23
Mar
2020

Erste: a recession in CEE is possible

by Property Forum
Erste Bank Group anticipates an economic slowdown for 2020 in most CEE countries due to the coronavirus situation. The bank’s report mentions a negative scenario as well, which would result in a massive recession in the region.
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News UniCredit expects V-shaped recession in Austria
23
Mar
2020

UniCredit expects V-shaped recession in Austria

by Property Forum
Austria’s economic growth curve is set to follow a V-shaped course in the wake of the coronavirus and the containment measures implemented, according to Bank Austria, a member of UniCredit Group.
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Latest news


New leases

  • Promatic, a company that creates technological solutions, has signed a long-term lease for office space in Warsaw's Wola Center. The company will occupy 1,200 sqm on the sixth floor of the building.
  • FroGum, a distributor of car accessories has joined the group of tenants at the MLP Pruszków II logistics center near Warsaw. The company has leased 10,000 square meters of warehouse space. The transaction was advised by the Knight Frank agency.
  • HB Reavis Poland has signed a lease agreement with Alior Bank SA for 8,300 sqm of office space at Varso Place (Warsaw). The bank will move into Varso Place later in 2025. CMS Poland advised the building owner during the negotiation process.

New appointments

  • Maciej Müldner has been appointed as the new Chief Financial Officer (CFO) of MLP Group. An experienced executive, he has spent nearly 20 years contributing to the development of the Skanska Group in Central Europe.
  • Panattoni Income Fund has appointed Olaf Bruns as Managing Director Business Development DACH. Earlier this year, the fund’s team was also strengthened by Piotr Boruc, who took on the role of Head of Finance and Reporting.
  • CBRE has named Hristo Karakostov as Head of Advisory & Transactions Office Services Department for Bulgaria, within its Southeast Europe (SEE) office. He succeeds Monika Gajewska, who will continue to lead the Occupier Business Development efforts for the SEE.

ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
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