Tag: real estate europe

  • Almost 10 billion euros invested in real estate assets in CEE last year

    Almost 10 billion euros invested in real estate assets in CEE last year

    The volume invested in real estate assets in Romania, Poland and Slovakia increased in 2021, while the Czech and Hungarian markets witnessed a downturn when compared with 2020.

    At regional level, the total transacted volume reached 9.98 billion euros, a 4.3% decrease compared with the previous year, says Cushman & Wakefield Echinox.

    The Polish market registred a growth of 8.3%, while the transacted volume in Slovakia was 54.2% higher in 2021 than in the previous year.

    On the other hand, Czechia registered a 36% drop in transactions pertaining to income-producing assets, while the volume in Hungary declined by 18.2%.

    In Romania, 54 transactions with real estate assets were completed last year, twice more such transactions in comparison with 2020.

    Total investment volume in Romania reached 916 million euros, up 0.2%.

    CountryTransactional Volume 2021 (mil. EUR)Transactional volume 2020 (mil. EUR)
    Romania916914
    Czechia1.7212.689
    Hungary8811.077
    Slovacia774502
    Poland5.6915.254
    Total9.98210.435
  • Rents up by 14.2%, house prices by 25.0% since 2010 in EU

    Rents up by 14.2%, house prices by 25.0% since 2010 in EU

    Over the period 2010 until the second quarter of 2020, rents increased by 14.2% and house prices by 25.0% in the European Union, Eurostat reports.

    When comparing the second quarter of 2020 with 2010, house prices increased more than rents in 16 EU Member States.

    House prices increased in 23 Member States and decreased in four, with the highest rises in Estonia (+100.5%), Luxembourg (+85.8%), Latvia (+77.3%) and Austria (+75.9%).

    Decreases were observed in Greece (-31.0%), Italy (-13.2%), Spain (-5.6%) and Cyprus (-3.0%).

    Different pattern for rents

    When comparing the second quarter of 2020 with 2010, prices increased in 25 EU Member States and decreased in two, with the highest rises in Estonia (+135.8%), Lithuania (+105.4%) and Ireland (+62.3%).

    Decreases were recorded in Greece (-25.2%) and Cyprus (-4.8%).