In 2019, total transaction volume in the Polish commercial real estate market was EUR7.8bn, up from EUR7.2bn in 2018, Avison Young advisors said in their latest investment report. Half of the total transaction volume was generated by offices.
Financial analyst James Stack predicted a collapse in the real estate market in 2008 and announced a slowdown in real estate last year. If there is a recession, there is a significant risk to property prices, said Stack in an interview with Bloomberg.
Average vacancy rate for offices in Vilnius are about 3 per cent, one of the lowest rates in Europe and this has led more real estate developers to focus on office expansion in the Lithuanian capital.
The rate of growth of housing prices in the European Union slightly accelerated in 2018. In Poland, real estate prices increased faster than in the preceding year, and the increases were stronger in the secondary market than in the primary one.
The Ukrainian chernozem (“black soil”) resources, which are among the largest in the world, have long attracted the attention of various domestic and foreign entities. Chernozem is the most fertile soil.
The Czech capital city, Prague is not only one of the most popular tourist destinations in Europe, but it is also quickly becoming one of the most expensive ones, at least as far as property prices are concerned.
The macroeconomic imbalances in the economies of the European Union member states are improving slowly but surely. The survey on imbalances conducted by the European Commission assesses risks of another crisis.