|
|
 |
|
Viewing report
|
|
|
|
Czech Republic Real Estate Report Q4 2010
Business Monitor International, Sep 2010, Pages: 62
Czech Republic Real Estate Report provides industry professionals and strategists, corporate analysts, real estate associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Czech Republic's Real Estate industry.
Protagonists in the Czech Republic's commercial Real Estate sector can be grateful that the 2008-09 period was not even worse. Rents fell by double-digit amounts in each of the three cities for which we gathered data – Prague, Plzen and Brno. Observers took a dim view of the sector's prospects in the wake of the global financial crisis.
Nevertheless, from interviews with in-country sources at the beginning of 2010 and mid-year, it has become apparent that rental rates have already stabilised in Prague and Plzen and are expected to do so in Brno next year. In spite of significant vacancy rates in all three cities, it appears that new supply of space in the office, retail and industrial sub-sectors is being absorbed.
The Czech Republic looks likely to achieve 2.2% real GDP growth in 2010. The weak outlook for Western European demand keeps this number from being higher. Fundamentally, the Czech Republic remains among the best-positioned countries in Central and Eastern Europe (CEE) to benefit from any recovery. Nevertheless, conditions in the Real Estate sector have been depressed by the softness in investment – particularly from outside the country.
The relatively low yields and strong rent increases in Plzen over the last year suggest that conditions – in all three sub-sectors – are better in that city than they are in Prague or Brno. Looking forward, we anticipate that rental yields will remain significantly higher in the office and retail sub-sectors of Prague than elsewhere. Key Features Of This Report
This is the latest edition of a new series of industry reports published by BMI that seeks to identify the key dynamics of the real estate sectors of 44 countries around the world, some of which are developed and some of which are, in every sense, emerging markets. Once again, the questions that we seek to answer for each country remain as follows: What are the main issues that will matter to actors in and around real estate development in the country concerned, both over the long and the short term? What are the main constraints that they face? What are the key insights that one garners when one compares the real estate sector of the country concerned with its peers in other countries?
In Q3, we have introduced a very substantial new improvement to the reports. We have incorporated data and qualitative observations provided to us by commercial real estate agents operating in the countries we survey. As a result we have gained a much clearer picture of the balance between demand and supply in each of three main sub-sectors – office, retail and industrial. We have also introduced a new approach to the forecasting of rental yields, which is discussed in the methodology sector of this report. In Q4, we have incorporated a lot of new data in relation to rents and yields in 2010. We gained this data by way of a new round of interviews with our in-country sources in mid-2010. In some cases, the latest information from our sources has caused us to make significant revisions to our forecasts for 2011-2014. We asked our sources to indicate what growth in rents is likely for 2011. We explain their answers in the Forecast Scenarios.
Product samples
A sample for this product is available. Please Login/Register to download this sample.
Customers who bought this item also bought
Czech Republic Real Estate Report Q3 2011
Romania Real Estate Report Q1 2011
Life Insurance in the Czech Republic, Key Trends and Opportunities to 2016
Bulgaria Real Estate Report Q1 2011
Czech Republic Insurance Report Q2 2011
Turkey Real Estate Report Q1 2011
Bosnia and Herzegovina Real Estate Report Q1 2011
Hungary Real Estate Report Q4 2010
Wealth Management in the Czech Republic 2009
Czech Republic Insurance Report 2012
|
|
|
|
