The Warsaw and Silesia Agglomerations remain the largest retail markets in Poland. Szczecin agglomeration is the smallest retail market amongst 8 largest ones and offers only 303,700 sqm of GLA.
Along with investment and domestic consumption, the real estate sector has been one of the three main drivers of the Russian economy. It is also a sector that has been hit particularly hard by the crisis.
Real estate consultants said demand for projects will remain high across the board, with a focus on the office segment.
The office market in the main cities – Cluj-Napoca, Timisoara, Iasi and Brasov – reached about 700,000 sqm in mid 2017, or 73 per cent less than in Bucharest, according to recent data from Cushman & Wakefield Echinox real...
For some investors real estate - even if it is impossible to earn on rental or on an increased value - will at least allow maintaining the value of the assets held. So in several countries prices of houses and dwellings have got...
Poland is the undisputed leader in the CEE region and, thanks to relatively low labor costs, the still high availability of land and competitive rental rates, so it is a good alternative to Western Europe’s markets.
Warsaw with over 5 million square meter (sqm) of modern office space is the largest market in Central Europe, followed by Budapest, Prague and Bratislava, according the a report by Jones Lang LaSalle (JLL).
The Hungarian hospitality market saw EUR27.5m of hotel investments in 2016, a large drop from 2015’s EUR76m, according to data published by Cushman and Wakefield.
The Slovak government has abandoned its original idea to burden so-called ‘luxury’ real estate with higher tax rates, but plans to make property taxes reflective of the value of real estate, not only based on size.
In 2016, the land most difficult to acquire for commercial projects was located in attractive and well-connected districts of Warsaw, Kraków and Gdańsk.