ARTICLES LABELLED WITH TAG report

In H1 2023, the total transaction volume in the CEE region decreased by 59% year-on-year. The current results in the property investment market may not appear very optimistic at the moment, but this is only a temporary situation, Avison Young reports.

The Prague office market proved its stability with a total modern office stock surpassing 3.85 million sqm by the end of Q2 2023. Despite no new office buildings being completed this quarter, ongoing construction projects are poised to add approximately 66,800 sqm of office space across seven projects by year-end. In tandem, the market is embracing the evolving demand for flexible workspace solutions, with four new flexible office centres inaugurated during this quarter, iO Partners reports.

In the second quarter of 2023, the total office stock in Bratislava represented 2.02 million sqm, unchanged from Q1 2023. 17% of total stock consists of class A+ office space, 38% of A class, and 45% of class B office space, reports the Bratislava Research Forum. 

Urbanity Real Estate Group has presented its first ESG report. The company's new system for evaluating sustainability data is intended to enable it not only to better monitor and manage its operations, but also to meet the requirements of new European legislation. Financial institutions and clients that use manufacturing campuses operated by Urbanity are also starting to require the data.

Belgrade’s residential market is not cooling down with demand remaining strong and price growth continuing, according to real estate agency Cordon’s report for Q2 2023.

After the extremely difficult year of 2022, the Ukranian retail market has finally managed to improve its performance. Having talked to key market players about trends, tendencies and forecasts, Iryna Nastych summarised the situation in an article prepared by the Ukrainian Real Estate Club for Property Forum.

Bulgaria's retail sector has displayed resilience and growth in Q2 2023, with positive economic indicators, aggressive retail park expansion, and stable pricing trends. Despite challenges faced by CEE countries, Bulgaria's economy is on a positive trajectory, setting the stage for a promising retail landscape. These are the highlights of Cushman & Wakefield/Forton's latest retail market report.

The floor area of newly completed office buildings in the Czech Republic fell by 20 percent last year. This year, we can expect a renewed increase, but this will be driven only by previously completed projects, with virtually no new office buildings being built this year, according to an analysis by facility management company ISS Czech Republic.

Rebounding industrial production and easing inflation are helping the Slovak economy to avoid recession. In the industrial market, it is visible robust construction growth and demand surge. The office sector is resilient but vacant subleased spaces are increasing, while the rental rates are stable amid yield increases. Nevertheless, Slovakia's retail sector is facing challenging dynamics as market limitations amplify alongside a cautious expansion trend, largely due to geopolitical and economic uncertainty, Cushman & Wakefield reports in its Marketbeat Analysis for Q2 2023.

Cushman & Wakefield has released a summary of retail market conditions in Poland. At the end of Q2 2023, there was close to 500,000 sqm of retail space under construction, seven international brands debuted on the Polish market in the three months to June while the expansion of retail parks continued apace. On the other hand, both retail tenants and landlords continued to face high inflation which impacted their real turnover levels.