ARTICLES LABELLED WITH TAG report

Immocap and the Municipality of the Capital City of the Slovak Republic Bratislava have signed a Memorandum of Understanding and Joint Action on the Istropolis project. The key point of cooperation between the city and the developer is the space for culture and events.

YIT has announced its record sales in 2024, selling 416 units in connection with the gradual market recovery, representing a more than double increase compared to 2023 with 198 apartments. 

Poland’s industrial and logistics real estate sector remains stable, continuing to be one of the key segments of the commercial property market both nationally and across Europe. In 2024, the volume of investment transactions involving warehouse assets totalled €1.26 billion, while take-up remained at 5.8 million sqm (+4% y-o-y). Although developer activity decreased by 30%, new supply (2.6 million sqm) returned to pre-pandemic levels, with 1.8 million sqm still under construction. The sector has shown stability regarding vacancy rates (7.5%) and rental levels, which have remained consistent with the previous year, says Axi Immo in its latest report.

VGP NV has announced its results for the financial year ended 31 December 2024. During the year, new and renewed leases have been signed at a historically high level and net profit has increased by 229% compared to 2023. 

In January 5 years have passed since the European Parliament approved the Green Deal. The construction industry is accountable for 39% of global carbon dioxide emissions. The pressure to reduce emissions from clients, banks and legislation is only increasing, comments Jakub Škaloud, Project Manager and Head of the Building Differently team at VCES, one of the general contractors of Czech buildings.

Investment activity in the commercial real estate market in the Czech Republic has shot up sharply in the last quarter of 2024. After rising yields in 2022 and 2023, "prime yields" have stabilised in 2024 and the market has found a new price equilibrium, according to Colliers' regular quarterly survey. 

According to an analysis by Savills, office development in Prague has been declining rapidly since 2021. This trend is confirmed by 2024 figures.

In 2024, 13,295 new dwellings were built, 29% fewer than in the previous year. The number of dwellings built on the basis of building permits and simple declarations issued was 20,494, 4.7% fewer than in 2023.

In 2024, more than 20% of real estate transactions conducted via the ABFSwap fintech platform, which provides tools for cryptocurrency transactions, were related to property sales. This prompted the company to conduct an analysis of the current market, identifying key trends, and barriers, and collaborating with experts to propose solutions for further market development.

Since the onset of the full-scale invasion, the proportion of imports on Ukrainian construction sites has remained relatively stable, with any monetary growth primarily attributable to fluctuations in exchange rates. The Ukrainian Real Estate Club has convened insights from representatives of various development companies to conduct a thorough analysis of the current share of imports, the evolution of procurement strategies, and the materials and components that predominantly remain imported.