Any uncertainly around the future of Europe’s economy this year has so far failed to dampen demand for logistics space, with take up in H1 already 12% ahead of last year’s record. According to Savills, this is mainly due to the uplift in take-up of space in the Germany (4,61 milion sqm) and UK (3,93 milion sqm), while Poland (3,83 milion sqm) stands third among analysed countries.

One of the most important questions among the participants of CEE Property Forum 2022 in Vienna was “Is it still safe to invest in real estate located in Central and Eastern Europe?”. The answer is positive. It is still safe, though not everywhere.

The Czech logistics and industrial real estate markets are reporting new record numbers for the first half of 2022, and the records are certainly not over. Shopping centres and retail parks are also enjoying success, and many new spaces in this segment are expected to be completed in the next two years. Last but not least, the office market has also been doing well with almost 50,000 sqm of office space opened and half of it already pre-leased, while another almost 30,000 sqm will be completed this year, according to an analysis by CBRE experts. 

Investments in the private rented sector (PRS) and industrial projects continue to grow in Central and Eastern Europe despite economic and geopolitical challenges, concluded speakers during the investment strategies panel at CEE Property Forum 2022 in Vienna.

Despite rising costs and rents, the rented residential sector continues to ride high as demand booms and is poised to remain a more lucrative investment opportunity than asset classes such as office or retail. Bonard has spoken to leading real estate specialists to investigate the factors behind the sector’s success.

Members of the panel on ESG investments at CEE Property Forum 2022 in Vienna agreed that environmental issues are addressed much better than the social and governance parts of ESG. Panellists emphasised that leading organizations in the CRE industry should give clear guidance for improving 'S' and 'G' performance at all levels.

Prices in Belgrade’s residential market are still showing double-digit increases compared to the previous year. Local real estate consultancy Cordon published a report summarising the key trends driving Belgrade’s residential market in Q2 2022.

The Czech industrial real estate market has grown up to 10.14 million sqm in size and surpassed the 10 million sqm mark. In this period, the largest real estate transaction in the history of the Czech industrial market was also registered with a yet undisclosed distributor leasing almost 234,000 sqm, Colliers reported in their last analyses.

In the first half of the year, Globalworth’s net profit significantly improved to €32.6 million (H1 2021: €12.5 million) due to a fair value gain on investment property and an increase in the share of profit of equity-accounted investments in joint ventures. Globalworth released its interim report and unaudited consolidated financial results for H1 2022.

CBRE has analysed the Czech commercial real estate market in detail and estimates that the next six months of this year will be as strong as the first six months of the year, which hit the €1.15 billion mark. By the end of the year, according to CBRE, the €2 billion level should be reached, similar to last year and the year before.