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CBRE is celebrating 25 years on the Czech market with a review of how the commercial real estate market has changed over the past quarter of a century and where it is heading next. 

Recovery in Ukraine began after the first months of the war. Without waiting for the war to end, the authorities and the population decided to restore both civilian and commercial facilities that had been damaged or destroyed during the hostilities. Today, this is a well-controlled and organized process of reconstruction and renovation, funded by the state, along with the help of international organizations, and by the population's efforts in the case of damaged housing. The Ukrainian Real Estate Club has collected information on specific areas of reconstruction for Property Forum, from the restoration of critical infrastructure to socially oriented projects such as schools and medical facilities.

Cushman & Wakefield has summarised the third quarter of 2024 on the largest office markets in Poland. Office take-up in key regional cities remained on par with the figures recorded in the same period in 2023, signifying stability on the office rental market. Meanwhile, stagnation on the supply side, coupled with limited construction activity, is likely to push vacancy rates down in the future.

Passerinvest Group has shared its experience during the planning, construction and furnishing of offices: it is necessary to take into account the experience and requirements of companies' HR personnel and to implement various requirements for equipment and interior arrangement, with the coffee machine a separate discipline.

The opening panel at the SEE Property Forum, held in Bucharest by Property Forum, focused on the future of real estate in the context of advancing technology and sustainability demands, both for new and existing properties. Moderated by James Dearsley, CEO of EMEA Verv, the panel featured industry leaders, including Hubert Abt, Max Beard, Costin Bănică, and Emma Toma, who discussed evolving tenant needs, sustainable development, and the impact of technology.

Construction authorities in the Czech Republic are again allowed to use the construction management systems, which have been applicable until July 1 2024, reports E15.cz. Since then the completely new system has been in practice and proved rather troublesome bringing complaints from all sides.

The offer of new residential buildings in Q3 2024 in Prague has decreased slightly, reports BuiltMind in its quarterly analysis of Prague residential segment. However, outlooks are optimistic, thanks to stable inflation and declining rates.

According to the latest Savills Investment Report, the commercial property market in the Czech Republic is expecting a strong close to 2024. The total transaction volume for the first three quarters of 2024 has reached €1.09 billion. 

There are 4.5 million square meters of modern shopping space in Romania and there is still room for development as investors are still interested in the Romanian market. In terms of total retail space per capita, Romania is still behind other European countries, explained the speakers of the retail panel of SEE Property Forum 2024.

According to Savills European Office Occupancy Rates Report, Prague has, for the first time since the pandemic, surpassed the 60% threshold for physical office occupancy, reaching 61% in October this year.