Industrial demand has shifted from logistics service providers to manufacturing companies. CBRE is reporting a year-on-year increase of 22 percentage points to a 53% share of total demand in the Czech Republic.

Higher borrowing costs and the price gap between buyers' and sellers' expectations are some of the reasons why transaction volumes are significantly below the 10-year average level of ca. €10 billion. This is according to a commercial real estate investment volumes survey by Colliers presented at a February meeting of Czech and Slovak investors and other financial experts.

Although office leasing opportunities are already very limited in Prague, the good news is that Colliers' survey has reported rather stable rental prices throughout the last year.

According to the latest quarterly report by BNP Paribas Real Estate Poland, the closing months of last year saw heightened development activity and many retailer debuts on the Polish retail market. Retail parks accounted for 80% of the new retail floor space supply.

The Royal Institution of Chartered Surveyors (RICS) is launching a new data list, alongside a thought leadership paper which explores and aids valuers in incorporating ESG into their work.

Despite the not-very-encouraging forecasts made by experts at the end of 2022, the office market in the Kyiv region in 2023 demonstrated stability and strengthening demand. Iryna Nastych talked to market experts and summarised the situation in an article prepared by the Ukrainian Real Estate Club for Property Forum  

Whilst significant ink has flowed in relation to the ‘E’ pillar from the vast ESG spectrum, the ‘S’ pillar is beginning to catch up in prominence particularly in the office sector across the UK and Continental Europe. Post-Covid behaviours have had a massive impact on the office offering and workforce demands - the office is by no means dead, but its role has certainly had a significant rethink, writes Mirela Calota, Director, Deal Advisory - Real Estate and Infrastructure at KPMG, in an article prepared for Property Forum.

In the area of ​​residential real estate, the year 2023 has booked a record as a period of significant sales decline, reports Valuo.cz in its residential real estate analysis. The market has fallen to its lowest level in eight years.

The beginning of February has brought a sharp fall in bank rates in the Czech Republic, and housing loans are thus the cheapest in more than a year and a half, E15.cz reports.

The decline in residential real estate prices in Slovakia has almost stopped. Available monthly statistics are indicating when the residential property prices' bottom hit has happened, the National Bank of Slovakia reports.