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Net absorption on the Budapest office market in Q2 2018 amounted to 40,140 sqm, which marks more than a doubling year-on-year. The Budapest Research Forum published its latest figures.

An entire section will be dedicated to the future of Southeastern European markets at the upcoming CEE Property Forum 2018 in Vienna. International experts and top local players will provide an overview of the Romanian, Bulgarian, Serbian and Croatian markets, among others. To check out the list of confirmed speakers, click here.

Operators of co-working spaces rented nearly 20,000 sqm of office space in existing or developing buildings in Bucharest in H1 2018, which represents a 13,4% share in the total transaction volume, estimated at around 150,000 square meters, according to data from Cushman & Wakefield Echinox.

Shopping centres remain the dominant retail format on the Polish market. Poland now has more than 420 shopping centres that provide 10.5 million sqm, accounting for 73% of the country’s total retail stock. Retail experts at Cresa Poland analysed the Polish retail market

In its latest Global Sustainability Report, JLL reported exceeding its goals for carbon emission reductions within its corporate offices and committing to set a Science Based Target by 2020. Reductions achieved on a per corporate office employee basis included a drop in building-related greenhouse gas emissions by 15 percent (vs. a target of 10 percent), building-related energy consumption by 12 percent (vs. a target of 10 percent), and rented area by 10 percent (vs. a target of 8 percent).

Hong Kong Central remained the most expensive office market in the world, according to CBRE’s annual Global Prime Office Occupancy Costs report.

PropTech influencers James Dearsley and Eddie Holmes have raised £150,000 of pre-seed funding from a raft of significant strategic investors to build the first global PropTech information and data platform. The new platform, called Unissu, provides the richest dataset of PropTech companies, information and research. Currently in closed beta, it will formally launch later this year.

Governments worldwide have been gradually forging greater transparency in real estate markets, addressing growing demands from investors and the public to deliver significant change. JLL’s Global Real Estate Transparency Index reports slow but steady progress driven by increased regulations and new technology.

From July onwards, entrepreneurs in Poland will decide whether to apply the split payment mechanism (SPM). As announced by the Polish Ministry of Finance, entities making split payments will be considered to be entrepreneurs of strong commercial integrity and business professionalism. Experts of Cresa Poland and tax specialists of Crido Taxand say whether it advisable to make use of the new regulations in their joint review “Commercial Real Estate Tax & Business Digest”.

The amount of office space currently under development in Prague is higher than ever. 136,000 sqm was completed in 2017 and an additional 165,000 sqm of modern office space should be delivered to the market in 2018. This is the highest development rate since 2008. Despite that, the vacancy rate has dropped to a record low of 6.2 per cent. This is a year-on-year decrease of more than 3 percentage points. This should change, however, with seven new office buildings due to be completed this year, according to Cushman & Wakefield.