Cushman & Wakefield presented the findings of its survey conducted among executives representing over 30 leading international hotel operators in its latest report. The survey was completed in December 2021 by hotel operators with a presence or interest in entering the CEE region.

Poland’s investment market continued to attract significant investment activity in 2021 with an annual transaction volume of €5.9 billion. A record number (166) of transactions were closed by 80 active investors, according to Avison Young’s annual investment market summary. The company expects that 2022 will see the great comeback of the office sector through increased interest in core and core+ assets in both Warsaw and regional cities.

Total demand amounted to 237,475 sqm in Q4 2021, indicating a 115% increase over Q4 2020 and making 2021 a record year in terms of total demand, according to the Budapest Research Forum’s latest industrial market snapshot.

According to Savills, the last quarter of 2021 was the busiest of the year for commercial real estate investment, with 30 closed transactions and a total volume exceeding €628 million. This was the highest quarterly volume of real estate investment since Q1 2020 and a 23% improvement on Q4 2020 volume.

Investors brushed aside concerns about the impact of the omicron variant to make the final quarter one of the biggest of 2021 for European property, with major markets posting near-record trading volumes, according to the latest capital markets snapshot for Europe, the Middle East and Africa (EMEA) released by Colliers.

As of Q4 2021, over 1,100,000 sqm of Class A warehouse space was under construction on the Czech market, representing an increase of 23% compared to the previous quarter and ca. 240% increase compared to the same period last year. The Industrial Research Forum announced industrial market figures for Q4 2021.

Gross take-up on the Prague office market for the whole year of 2021 increased by 16% compared to the previous year to the level of 387,100 sqm. Prime headline rents also increased in Q4 2021 and ranged between €23.50–24.00 per sqm per month in the city centre. The Prague Research Forum published office market figures for Q4 2021.

The Polish Chamber of Commercial Property (PINK) has published figures on the office market in Warsaw for Q4 2021. The data is sourced from advisory companies from the commercial real estate sector (BNP Paribas Real Estate, CBRE, Colliers, Cushman&Wakefield, JLL, Knight Frank, Newmark Polska, Savills) and includes information on modern office stock, new completions, take-up volumes and vacancy rates.

In Q4 2021, for the second consecutive quarter, no new buildings were completed on the Budapest office market. Total demand reached 112,280 sqm in Q4 2021, representing a 38% increase quarter-on-quarter, and a 30% increase year-on-year, the Budapest Research Forum (BRF) reports.

According to the forecast of EECFA, the Romanian construction industry is poised to grow in both 2022 and 2023. The main drivers of growth vary, including low interest rates and excess liquidity that boost the residential subsector or the use of EU 2014-2020 cohesion funds to help boost civil engineering, writes Dr Sebastian Sipos-Gug from Ebuild srl / EECFA Romania.