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.
The volume of investments in real estate in Central and Eastern Europe (CEE region) rose to the level of 1.37 billion euros in the 3rd quarter of this year. Compared to the second quarter, this is an increase of 40 percent. Year-on-year, however, the total investment volume in 2023 is lower than in 2022, by 50 percent. This was also revealed by the current report of the global real estate consulting company CBRE, reports Monika Milanová from NEUROPEA.
The intelligent use of technology in office buildings, together with market indicators such as the stock of modern office space per capita and low vacancy rates, further positively influences the current state of the office sector in Central and Eastern Europe. However, the post-pandemic effects, high inflation, increased energy costs and geopolitics have strongly influenced investor interest, as reflected in a 65% year-on-year decline in office real estate investment in CEE-6, as Colliers reports in its report "ExCEEding Borders: Technology as a cure for the aging office space in CEE | 2023/2024".
PANTONE 13-1023 Peach Fuzz expresses our desire to care for ourselves and others. It is a velvety soft peach note whose "spirit" enriches the mind, body and soul. Although it may seem poetic and romantic, with a certain amount of nostalgia and vintage atmosphere, the color of the year 2024 reflects the past, but also reflects the current zeitgeist.
In the high-rise office building Tower 115 in Bratislava, energy modernization was completed, which brings annual savings of several thousand euros and at the same time saves 400 tons of CO2 emissions. The innovative solution developed by the Slovak start-up Fuergy is based on a large smart battery storage that can shift the consumption of electricity over time, thereby reducing the load on the electricity grid. The owner of the building receives a financial reward for this service. The entire solution can be used in many of the hundreds of older administrative buildings in Slovakia, thus reducing the costs of their operation without additional investments.
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