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News Shortage of staff and materials limits resumption of constructions in Kyiv
19
May
2022

Shortage of staff and materials limits resumption of constructions in Kyiv

by Property Forum
After the beginning of the Russian invasion of Ukraine, real estate developers in Kyiv stopped working on construction sites and focused on defence processes. They handed over their equipment and materials for the construction of protective structures, created volunteer organizations, etc. By now, after the de-occupation of the settlements around the capital and the relative stabilization of the situation in Kyiv, some developers began to resume work on construction sites. Iryna Nastych summarised the situation in an article prepared by the Ukrainian Real Estate Club for Property Forum.
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News House prices reach record high in Hungary 
18
May
2022

House prices reach record high in Hungary 

by Property Forum
House prices in Hungary have reached a new record in 2021. In Q4 2021, the biggest jump occurred in secondary cities compared to the last quarter of 2020 (25% year-on-year) followed by Budapest (11% year-on-year), the National Bank of Hungary (MNB) reports.
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News Genesis Property: The office of the future will look very different from today
16
May
2022

Genesis Property: The office of the future will look very different from today

by Property Forum
Remote working has changed people's perception of their workplace and increased their need for facilities and experiences tailored to their dynamic lifestyle. New trends and design concepts show that offices of the future will be reshaped into campuses that will encompass facilities for the working and urban living trends of the future in a unique space, Gavin Bonner, Vice President of Genesis Property, writes for Property Forum in an opinion piece.
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News New record set in Hungarian construction
16
May
2022

New record set in Hungarian construction

by Property Forum
The Hungarian construction industry started off this year with an exceptionally high Activity Start indicator: nearly HUF 1,300 billion worth of construction works started in Q1 2022. The Activity Start of EBI Construction Activity Report in the first quarter is a new record (construction works have never started in such a high value in one quarter) and exceeded the level of Q2 2021 (the highest so far) by almost 37%. Yet, this spike is mainly thanks to the launch of two major infrastructure projects, according to the EBI Construction Activity Report, prepared by Buildecon, Eltinga (creation of indicators and development of algorithms for aggregation) and iBuild (project research and project database).
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News Bulgarian construction market enters period of unpredictability
12
May
2022

Bulgarian construction market enters period of unpredictability

by Property Forum
According to Yasen Georgiev from EPI, EECFA Bulgaria, like elsewhere in the EECFA countries that are not directly impacted by the war in Ukraine, the construction market in Bulgaria entered a period of an increasing unpredictability. What stands behind is an interplay between domestic and external factors.
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News This could be a game-changer for Slovenia’s CRE market
11
May
2022

This could be a game-changer for Slovenia’s CRE market

by Ákos Budai
The city of Ljubljana is expected to see some major urban change by 2025. As it was announced last month, a huge mixed-use project will be built next to the city’s planned new transportation hub, including a hotel, a shopping centre, offices and apartments. The Emonika project, which has a long history, will be developed by Mendota Invest, owned by Hungary’s OTP Real Estate Investment Fund. Property Forum summarised what we know about the project so far and how it could potentially transform Slovenia’s small and illiquid commercial real estate market.
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News Ukrainians are ready to rebuild their country – Real estate developers will play a critical role
10
May
2022

Ukrainians are ready to rebuild their country – Real estate developers will play a critical role

by Property Forum
The war launched by Russia on February 24th is still going on in Ukraine. Infrastructure facilities are being damaged every day. The cost of damages that experts share changes daily. According to the Centre for Economic Policy Research, the total expenses for reconstruction will range from $220 billion to $540 billion, writes Anna Nestulia, Principal at Invest in Projects for Property Forum.
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News Bratislava market records substantial take-up in Q1 2021
09
May
2022

Bratislava market records substantial take-up in Q1 2021

by Property Forum
The beginning of the year was marked by the Russian invasion of Ukraine which caused various obstacles to the Slovak economy. It pushes inflation up to the highest in 17 years as also the prices of food, housing and energy. Nevertheless, the lifted lockdown measures helped boost retail sales and new office leases surpassed renegotiations for the sixth quarter in a row. Experts also saw a record quarter with substantial take-up and plunging vacancy rates, Cushman & Wakefield Slovakia presents in their new report on the Slovak economy.
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News Average price of older Czech flats exceeds CZK 90,000 per sqm
09
May
2022

Average price of older Czech flats exceeds CZK 90,000 per sqm

by Property Forum
The average price of an older apartment in the Czech Republic exceeded CZK 90,000 per sqm for the first time in Q1 2022, according to a study by the real estate group European Housing Services (EHS). In Prague, an older apartment costs more than 120,000 per sqm and in Brno, it is over 90,000. Rents have returned to prices before the coronavirus crisis, the Czech News Agency quotes the EHS report.
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News BNP: Discount store chains in Poland are on the rise
06
May
2022

BNP: Discount store chains in Poland are on the rise

by Property Forum
Between the pandemic, the war, rising prices and increasingly frequent warnings of recession — these are the conditions in which the retail sector operated in the first quarter of 2022. The authors of the cyclical report from BNP Paribas Real Estate Poland point out, among others: continued strengthening of the position of discount store chains and growing interest in facilities with a high potential for modernization, expansion and repositioning.
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Latest news


New leases

  • Newmark Polska, a commercial real estate advisory firm, has relocated its Warsaw headquarters. Its new office is located in Centrum Marszałkowska in the very centre of Warsaw.
  • The office of the European Shared Service Centre of the Franke brand, a manufacturer of home and professional kitchen equipment, is moving to the myhive Nimbus building on Jerozolimskie Avenue in Warsaw, owned by Immofinanz. The contract, brokered by ITRA Polska, is for the lease of 1,500 sqm of office space.
  • At the beginning of July the Warsaw team of EPP company moved to Park Rozwoju office park and will occupy approximately 1,200 sqm on the 6th floor in Building B. EPP is both the owner and the manager of the complex.

New appointments

  • Karol Milczarski has joined the ranks of Colliers Poland experts, taking up the position of Senior Associate in the Commercial Space Department. His main task is to comprehensively support clients in the process of acquiring attractive street locations not only on high streets, but also within densely populated residential districts.
  • Danubius Hotels has appointed Andrea Róna as Group Director of Development. She has decades of experience in hotel management and development as well as asset management. The expert will be responsible for the further expansion and development of the hotel chain.
  • Cushman & Wakefield promotes Petr Markvart, Head of Landlord Representation Services in the Office Agency team, to Partner.


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