ARTICLES LABELLED WITH TAG report

Almost ten years after becoming the 28th EU member state, Croatia is set to join both the Eurozone and Schengen Area at the beginning of 2023, integrating the country even deeper into the EU. But how will this affect the local real estate market?

In Q3 2022, the speculative industrial stock in Greater Budapest was expanded by eight buildings, a total of 145,390 sqm, while four new buildings were handed over in Regional Hungary, with a total of 33,380 sqm, Budapest Research Forum (BRF) reports.

Poland has one of the most attractive tax systems for innovators in Europe. According to the JLL report 'Made in Poland', a comprehensive guide for investors prepared in cooperation with partners: Polish Investment and Trade Agency, Hays and ALTO, when doing business in Poland, companies have many opportunities to obtain financial support from both domestic and EU sources. Reliefs and subsidies translate into increased interest in the Polish market. Last year was a record year in terms of investment, with projects in Poland with a total value exceeding €3.5 billion implemented with the participation of PAIH. This is €800 million more than last year and €700 million more than in the record year so far in 2019.

The volume of Czech real estate investment transactions in Q3 2022 reached €149 million, which represents a 61% drop in comparison with Q3 2021. Cumulatively the investment volume totalled €1.4 billion. If we added transfers of single assets and portfolios among related parties, the quarterly volume reached €390 million, almost the same as in the same period last year, says 108 Agency.

According to CBRE Ukraine, the warehouse and logistics segment demonstrated higher resilience than the rest of the commercial real estate market against the backdrop of military aggression in Ukraine. However, it suffered large-scale destruction from rocket attacks on Kyiv and the Kyiv region. Iryna Nastych summarised the situation in an article prepared by the Ukrainian Real Estate Club for Property Forum.

Build to rent or build to sell? The participants of CEE Property Forum in Vienna were sure that in the current residential market environment of high inflation and rising interest rates, building for PRS purposes is the only valid option.

In Q3 2022, the volume of new supply in Budapest's office market increased significantly compared to the previous quarter, marking the highest volume since Q2 2020, the Budapest Research Forum (BRF) reports.

ESG is rewriting the rules of office leasing with the attitude of landlords, tenants and service providers gradually changing. During a panel discussion recently organised by CEE-based flex space provider New Work at Science Park in Budapest, market experts discussed the topic in detail.

Demand for offices will shrink in the future due to the adoption of hybrid work arrangements, which also helps companies save money, commented speakers of the workplace strategies panel of CEE Property Forum 2022, held in Vienna.

The courier, express and postal (CEP) parcel market in Poland has been enjoying continuous, double-digit growth for several years, and its value has already exceeded PLN 17 billion, according to the latest "Polish CEP Report 2022", prepa­red by Last Mile Experts, 7R and Cushman & Wakefield. Among the factors that most significantly influence the development of the last mile supply segment, experts point to the dynamic growth of the e-commerce sector, which has become one of the key purchasing channels for consumers and deter­mines the increase in demand for this type of service.