The figures describing the performance of shopping centres that Cushman & Wakefield has available (primarily for small to medium-sized centres in Czech regions) show a positive trend. Following the full reopening of shops in shopping centres this May and June, both revenue and footfall were higher than the figures from the same period last year and the trend carried over to the summer holidays. Compared with 2020, July revenue grew by 3% and August revenue by 11%. Compared with the pre-crisis year 2019, July revenue was 2% lower, but in August it was almost 7% higher.

The shortage of skilled workers and engineers is the biggest obstacle to the business activities of design and construction enterprises, a market survey of the National Federation of Hungarian Building Contractors (ÉVOSZ) finds. While the number of people employed in the construction industry is growing each year, the number of vacancies is dropping rapidly, indicating that the labour supply is unable to keep pace with the development of the industry. The federation has therefore initiated a programme to call industry professionals working abroad home.

Prime headline rents have increased slightly to a new level of €5.20 sqm/month in the Czech Republic and €5.50 sqm/month in the Greater Prague region during Q3 2021. The Industrial Research Forum published its fresh industrial market figures.

The commercial real estate market, together with many other economic areas, after being impacted heavily by the Covid pandemic, is undergoing recovery. These positive indicators are also mirrored in the retail real estate sector. Recent figures indicate that retail parks and convenience centres are recovering strongly as are discount shops, while large shopping centres are reporting increasing footfall levels, optimistic economic outlook; these are the key highlights from Q3 of the year. The analysis of the retail real estate sector was prepared by experts from BNP Paribas Real Estate.

Property Forum is excited to announce the winners of its first-ever SEE Property Forum Awards. The winners of each category were selected by our jury committee, comprising the crème de la crème of the Romanian real estate industry. The awards, celebrating the best projects, most impactful transactions and most inspiring personalities of the Romanian market, were presented at our Awards Gala and Exclusive Networking Party in Bucharest last night, part of our annual SEE Property Forum conference.

Investment in European property continued to gain momentum in Q3 with the return of big-ticket deals in major markets across the region, according to the latest market snapshot for Europe, the Middle East and Africa (EMEA) released by Colliers International. Leading cities including London, Milan, Paris and Frankfurt saw major single-asset deals in the July-September quarter, as investor confidence rebounded further from a slow start to the year. Prime office assets located in the centres of national capitals remained the major draw for investors seeking secure repositories of value.

Total demand on Budapest’s office market reached 81,500 sqm in Q3 2021, representing a 17% decrease quarter-on-quarter, but a 3% increase year-on-year. New leases overpowered regarding the share of total leasing activity with 60%, reveals fresh data by the Budapest Research Forum.

Accelerated yield compression is expected for year-end 2021 after Q3 2021 valuations, CTP announced in a portfolio update.

The future of work is hybrid – this was the main message of Pauline Kwasniak, a Polish-born, Irish-raised digital marketer, founder and event professional who headlined workcloud24’s latest webinar. The organiser summarised the key takeaways of the event.

Property Forum is excited to announce the shortlist of nominees for its first-ever SEE Property Forum 2021 Award Ceremony which celebrates the best projects, most impactful transactions and most inspiring personalities of the Romanian market. The winners will be selected by a jury committee comprising leading real estate professionals and the recipients will be announced as part of an Awards Gala and Exclusive Networking Party on 20 October, part of our annual SEE Property Forum conference.