ARTICLES LABELLED WITH TAG RICS

Vacancy rate in the Prague office market decrease in Q4 2024 has been the largest since 2018, reports Prague Research Forum in its Office Market Figures for Q4 2024 and 2024. The report has also revealed the record annual take-up and the overall situation of the market. 

The Royal Institution of Chartered Surveyors (RICS) has released a new edition of its Global Red Book, which features several crucial updates on AI use in valuation and the mandatory implementation of ESG principles.

Further action is needed to meet national and global climate goals, while high costs of green practices has been cited as a barrier to sustainable building, finds the 2024 Sustainability Report of The Royal Institution of Chartered Surveyors (RICS).

The last two years have not been the best for the European real estate market, including in Poland. However, it seems that the worst is behind us. This is confirmed by the growing interest in Poland from foreign investors. This also applies to investors from the UK, who can still effectively diversify their portfolios on the Polish real estate market. Szymon Mojzesowicz, Member of the Royal Institution of Chartered Surveyors shared his insights on the topic. 

The headline RICS Commercial Property Sentiment Index (CPSI) holds steady in the latest survey for Q2 2024, while the outlook for secondary offices and retail remains particularly negative in many markets.

The development of new communication channels and increasing customer demands mean that effective real estate marketing requires an ever-increasing investment in quality - this is just one of the conclusions reached by the participants of the panel discussion on real estate marketing, which took place as part of the June conference Future of Real Estate 2024 in Warsaw. The event was co-organised by Property Forum and RICS.

According to a panel on the future of investments, held at the Future of Real Estate 2024 conference in Warsaw this month, the office industry in Poland is far from blooming but is slowly regaining investor interest. The event was co-organized by Property Forum and RICS.

The headline RICS Global Commercial Property Sentiment Index (CPSI) for Q1 2024 stands at -10 which is the least downbeat reading since Q2 2022. In addition, the less negative tone across the aggregate results is coming through both on the occupier and investor sides of the market.

Tina Paillet, President of RICS, talked to Property Forum at Mipim about the real estate industry's crucial role in addressing climate change. She highlighted the sector's significant environmental impact and emphasized the need for the industry to become a force for good.

Real estate development is a long-term venture where the end results (including profitability) are often unpredictable, especially in the current challenging global environment. Property Forum talked to Norbert Schőmer MRICS, Country Director at Atenor Hungary and the recently appointed Chairman of RICS in Hungary, covering the topics of ESG, changes in the office market, affordable housing and education, among others. He also provided an update on Atenor’s ongoing projects in Hungary and shared his priorities as RICS Chairman.