ARTICLES LABELLED WITH TAG report

Property Forum’s latest online panel focused on the effects of COVID-19 on alternative asset classes such as student housing and build-to-rent. European investors, regional experts and local developers discussed how the popularity of alternative assets among investors might change once the crisis is over.

In the fourth instalment of a series of reports about COVID-19 and the implications for logistics real estate, Prologis Research looked at customer resilience amid high economic volatility and concluded that diversity of the company client base is a key factor in insulating the portfolio in turbulent market conditions.

Has the Polish real estate market been hit by the coronavirus pandemic? How will it change over the course of several months? Cushman & Wakefield presented a summary of Q1 2020 on the Polish property market, the impact of the pandemic on each sector and economic forecasts for Poland in its new report.

The social distancing in office spaces after COVID-19 involves an immediate action strategy to adapt to the new workplace normality, which is why Cushman & Wakefield Echinox has formed a multidisciplinary team to help employers prepare for the gradual return of their employees in office spaces.

The COVID-19 crisis is expected to accelerate change in global supply chains, manufacturing and online retailing that could benefit the European property market, says Colliers International in its latest “Trends Emerging and Accelerated by the Covid-19 Pandemic” report.

The immediate impact of COVID-19 pandemic in the real estate market will be felt during the second quarter of the year while on the medium and long term the focus will be on health and safety measures as well as on technology, these are the main takeaways from the Romania Call Flash, organized by CBRE Romania.

While house prices in Budapest rose 14.1% year-on-year in the fourth quarter of 2019, they fell 2.0% in nominal terms on a quarterly basis, the National Bank of Hungary (MNB) reported. The central bank has not recorded a q-o-q drop in house prices since Q4 2013.

The construction industry seems to have been relatively less affected than some other industries (like tourism) as most large projects continue during the lockdown measures across the region. The Eastern European Construction Forecasting Association has published a COVID-19 update on the construction sectors of Bulgaria, Croatia and Slovenia.

In Q1 2020, approximately 50,000 sqm of modern retail space was delivered to the market in Poland. The construction of four schemes was completed: Galeria Chełm (17,500 sqm), Stop Shop Siedlce (14,100 sqm), Galeria Kupiecka in Otwock (10,000 sqm) and Vendo Park Jawor (6,700 sqm). However, due to the onset of the coronavirus epidemic, the new shopping centres have limited possibilities to serve consumers, in the same as all large retails facilities in Poland.

This year’s first quarter on Poland’s regional office markets was marked by a high level of activity from tenants in the IT sector. The next few months may bring acceleration in activity from companies in the business services sector. JLL summarised the situation on the Polish office market at the end of Q1 2020.