The European commercial real estate market is expected to recover this year, but it will probably arrive in Slovakia with a delay. Rent growth will continue in all sectors in Europe. An average increase of 3.4 percent is expected in logistics, 2.1 percent in offices and 1.2 percent in retail space. This follows from the outlook of the commercial real estate market called EMEA Outlook 2024: Trends are coming back, prepared by the real estate consulting company Cushman & Wakefield.
The labor market in Slovakia has slowed down significantly in recent months. The number of employees is also decreasing due to the cooling of foreign economies, and also due to increased early retirement. Analysts of the Institute of Financial Policy (IFP) Dávid Hojdan and Monika Pécsyová stated this in their monitor.
In 2023, the sharp increase in interest rates and the negative economic development of the country in which they operate had the strongest impact on banks and the method of financing commercial real estate.
Bratislava downtown will get another exceptional building. We are talking about the new headquarters of Západoslovenská energetika (ZSE), which will fill today's brownfield between the Metropolis and Sky Park Offices projects.
Construction output in the eurozone fell for the second consecutive month in November, with the pace of decline accelerating. Production in the field of earthworks fell in particular. It also recorded a decline in the case of engineering constructions, but the rate of decline in this sector was three times slower. This follows from the data of the statistical office of the European Union, Eurostat, which published a preliminary estimate.
The investment volume decreased by 41% year-on-year, but compared to Europe, this is a milder decrease. The most dominant was again the office real estate sector, which reached a level of up to 70% of the total volume of investments. Slovakian (71%) and Czech investors (21%) again accounted for a significant share, and together they reinvested up to 661 million euros.
Returning from the idyllic surroundings of the holidays to the daily routine can be a challenge, whether it is being separated from family or friends. How to effectively manage this return to your unusual daily routine, when our work environment becomes an integral part of the home? In this article, we bring you useful tips on how to ease the transition from the comfortable Christmas peace back to the working pace.
Challenging conditions will persist in EMEA, but the outlook for earnings is likely to clear in the near term. Industrial and logistics real estate (I&L) and residential real estate are the top investment choices for 2024, with office buildings falling to third place. Investors are looking for new strategies in every sector. ESG is increasingly an integral part of investment decision-making as investors look for opportunities to increase value. Europe's larger and more liquid capitals dominate investors' choices for 2024, with London, Paris and Berlin among the six most attractive, along with Munich, Madrid and Amsterdam.
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