ARTICLES LABELLED WITH TAG coronavirus

There were 5,971 residential property deals made in Hungary in April 2020, according to the latest monthly transaction estimate by real estate group Duna House. The last time the monthly figure was this low was at the low point of the previous crisis in 2013. Meanwhile, weekly data suggest that we are past the trough as the market picked up slightly in the second half of the month.

The office market in Sofia faces a significant slowdown, due to the economic uncertainty and weakening business activity caused by COVID-19, according to the latest market report of Forton, a strategic partner of Cushman & Wakefield for Bulgaria and Macedonia.

Neinver reopened its five outlet centres in Poland on 4 May under strict health and safety measures and with over 80% of their shops open. The Factory centres in Warsaw, Krakow, Gliwice and Poznan have implemented reopening plans in close coordination with the brands and authorities to ensure the maximum safety of employees and visitors.

Rental growth and yield compression eased across Europe’s commercial real estate markets in Q1 2020, according to Cushman & Wakefield’s latest DNA of Real Estate.

The Industrial Research Forum in the Czech Republic announced the final industrial market figures for Q1 2020. According to the report, both global and local real estate markets are affected by the Covid-19 pandemic and the adopted measures. The situation is changing dynamically and currently, no predictions can be treated as accurate. While Q1 2020 seems to be a slightly weaker quarter in terms of take-up volumes, the Industrial Research Forum expects the true impact to be visible during Q2 and beyond.

In the fourth instalment of a series of reports about COVID-19 and the implications for logistics real estate, Prologis Research looked at customer resilience amid high economic volatility and concluded that diversity of the company client base is a key factor in insulating the portfolio in turbulent market conditions.

Has the Polish real estate market been hit by the coronavirus pandemic? How will it change over the course of several months? Cushman & Wakefield presented a summary of Q1 2020 on the Polish property market, the impact of the pandemic on each sector and economic forecasts for Poland in its new report.

The social distancing in office spaces after COVID-19 involves an immediate action strategy to adapt to the new workplace normality, which is why Cushman & Wakefield Echinox has formed a multidisciplinary team to help employers prepare for the gradual return of their employees in office spaces.

The COVID-19 crisis is expected to accelerate change in global supply chains, manufacturing and online retailing that could benefit the European property market, says Colliers International in its latest “Trends Emerging and Accelerated by the Covid-19 Pandemic” report.

Property Forum’s series of virtual events, organised in partnership with the RICS, continues with a free online panel discussion providing a market update for Bulgaria. Attendance is free but registration is mandatory.