Vienna International Real Estate Market and Property News

Prices for Houses in EU Dropped Slightly

1.5 percent decrease of house prices in European Union.

January 22, 2014

Immofinanz Group Expands Further into Slovenia and the Czech Republic

The Austrian real estate group continues to implement its “STOP.SHOP.” retail warehouse chain concept.

January 21, 2014

S Immo Looking Forward to 2014

9.98% price performance and new projects in Berlin. Summary of 2013 and outlook for 2014

January 21, 2014

Romanian Real Estate: Trend Shows Downwards

In 2014, apartment prices in Romania are expected to decrease further. However, the downward trend will decelerate slightly, according to experts.

January 20, 2014

Austria: Real Estate Prices Surging since Financial Crisis

Prices in the Austrian real estate market have been rising dramatically since the financial crisis broke out.

January 20, 2014

Austrian Office Market: Boom is Over

The increase in new construction has reached a new low. According to Bernhard Reikersdorfer (CEO of Remax Austria), the price situation will remain stable.

January 20, 2014

Immofinanz: Good Prospects for 2014

Immofinanz is one of the major real estate enterprises in both Austria and Europe.

January 16, 2014

CESEE: Massive Increase in Real Estate Investments

In Central, Eastern and Southeastern Europe, the total volume of real estate transactions totaled € 10.bn last year. Most transactions were recorded in Russia and Poland.

January 15, 2014

Property Market: Vienna More Attractive than Berlin or Munich

Compared to German metropolises, the Viennese property market has still a significant upside potential. Nevertheless, the office market in Vienna is expected to stagnate in the next few years.

January 15, 2014

CA Immo: Operating Performance above Expectations

CA Immo: Strong performance in 2013 boosts profitability and share price development.

January 14, 2014

Austria: Distribution of Wealth Extremely Unequal

The top one percent of Austrian households possesses more than 50 percent of all investment income.

January 13, 2014

Hungary: Austrian Farmers Still Left in the Dark

There is still no clarification in the controversial Hungarian land law for Austrian farmers and land owners.

January 9, 2014

Bulgaria: Small Growth in Real Estate Market

The real estate market in Bulgaria saw a growth of 2.98 percent last year.

January 9, 2014

Shortages in Austrian Real Estate Market

The Austrian real estate association (ÖVI) warns of a low building activity. There is a lack of more than 10,000 new housing units per year, ÖVI argued.

January 8, 2014

Orco Property Group: Cut in Number of Board Members

Shareholders of Luxembourger real estate company Orco Property Group voted to cut the number of board members from nine to five on Monday.

January 8, 2014

Slovenia: Calls for Reforms Become Louder

The Slovenian Chamber of Commerce (GZS) calls upon the government to accelerate the realization of reforms to boost economic growth.

January 8, 2014

Slovenia: More Resistance Against Real Estate Tax

On Friday a second petition was filed at the Constitutional Court against the property tax.

January 4, 2014

Austria: Personnel Changes at Immofinanz

Daniel Riedl succeeds Alexander Hoff as spokesman of the BUWOG Management Board.

January 3, 2014

Austrian Real Estate Market Cools Down

While urban rented apartments will grow moderately, the commercial property market is expected to shrink significantly.

January 2, 2014

Croatia: Real Estate Market Crisis Goes On

After the collapse of the Croat real estate market in 2009/10, the price decrease still holds on.

December 30, 2013

Austrian Real Estate Market Returns to Normality

Demand is slowing down again. Nevertheless, the price level remains high.

December 26, 2013

CA Immo Sells Office Building in Warsaw

CA Immobilien Anlagen AG sells Lipowy office building in Warsaw.

December 23, 2013

Major Changes in Viennese Property Market

After 2008, frame conditions in the Viennese residential property market have changed fundamentally. Four major trends were observable.

December 20, 2013

Buwog's Spin Off More Likely than IPO

Immofinanz plans on increasing the portfolio of its affiliate Buwog, which focuses on residential real estate, by acquiring a volume of 18,000 apartments in Northern Germany.

December 19, 2013

Immofinanz Increases Net Profit by More than 50 Percent

Immofinanz Group increases net profit by more than 50% – five-year sales programme nearly completed.

December 18, 2013

Austrian Real Estate Market: Prices Stagnate on a High Level

After the boom in the last years, the Austrian real estate market has lost momentum. Next year, the price level will not move up further.

December 17, 2013

CA Immo Sells Mercedes Headquarter

CA Immo sells the German heardquarters building for Mercedes-Benz in Berlin to Union Investment

December 17, 2013

MNB Replaces Hungarian Banking Industry

In order to push economic growth rates, Hungary´s National Bank continues to support the subsidized loan program. The support should help to boost the construction of real estate.

December 14, 2013

Bank Austria`s Headquarter Sold

The Austrian investor Ronny Pecik has bought the headquarter building of the largest Austrian bank.

December 14, 2013

CA Immo Aquires P1 Portfolio in Poland

CA Immo AG acquires shares of joint venture partner AXA in “P1” Portfolio in Warsaw.

December 13, 2013

CA Immo to Construct New Office Building in Berlin

Europacity Berlin: Rental and start of construction for new office building in Berlin

December 12, 2013

S Immo AG: Disposal Target for 2013 Exceeded

S Immo sold a further five properties.

December 11, 2013

Austria: Apartments „Too Expensive for Average Citizens“

Josef Schmiedinger, CEO of s-Bausparkasse, stresses that there is enough housing space in Austria. However, housing becomes less and less affordable, he says.

December 11, 2013

Austria: Housing Becomes More Expensive

Over the last decades, housing costs were up significantly. For the next government, the issue will be crucial.

December 9, 2013

Austrian Property Market: Housing Still Affordable

The Austrian real estate market is characterized by the low home ownership rate. In a European comparison, costs are below-average.

December 7, 2013

CA Immo Closes Sale of Hesse Portfolio

The closing of the sales transaction is completed.

December 6, 2013

Controversials at conwert

Clemens Schneider was appointed as new CEO of the Vienna-listed real estate group. Not everybody is happy with the decision.

November 30, 2013

Poland Looking for Investors for PHN

Polish real estate group PHN (Polski Holding Nieruchomości S.A.) is searching for an investor.

November 28, 2013

New CEO at conwert

Today, the Austrian real estate group has presented its new chief executive officer to the public. As of February 1, Clemens Schneider will manage conwert.

November 27, 2013

Conwert Doubles Profits in First Nine Months

conwert on course for year of record operational results following strong nine months in 2013

November 27, 2013

Immofinanz to Enlarge Buwog’s Portfolio

Austrian real estate company Immofinanz plans on acquiring a large portfolio in Germany. The purchase price of around € 900m is supposed to be raised by the company itself.

November 26, 2013

Germany: Austrian Real Estate Enterprises under Pressure

Austrian real estate companies have invested hundreds of millions Euros in apartments in Germany since yields are around 30 percent higher; however the German government plans on putting a hold to the upward trend.

November 25, 2013

Bulgaria: Real Estate Transaction Increase Substantially

In the third quarter, Bulgaria´s residential property real estate transactions were up by 20%.

November 23, 2013

Buwog Aquires Portfolio in Berlin

Buwog has once more acquired apartments at the German real estate market.

November 20, 2013

Slovak Real Estate Market: Office Segment Weakens

In the third quarter of 2013, transactions in the office market were down substantially.

November 20, 2013

Slovenian Government Wins Vote of Confidence

As expected, on Friday the Slovenian center-left government of Prime Minister Alenka Bratusek has won a vote of confidence.

November 15, 2013

Slovakia: Property Prices on the Fall

The Slovak property market continues the downward trend. In late summer, property prices have reached a five-year low.

November 8, 2013

Unequal Retail Real Estate Investment Activity in CESEE

While investments in retail real estate in Bulgaria see an upturn, those in Romania have dropped immensely by more than 50 percent.

November 8, 2013

Buwog to Expand Massively in Germany

Buwog, wholly-owned subsidiary of Vienna-listed Immofinanz, prepares the acquisition of a large real estate portfolio in Germany.

November 7, 2013

Slovenia: Petition Against Real Estate Tax Initiated

On Monday, a petition against the planned real estate tax was initiated. In an attempt to reduce the massive fiscal shortfall, Slovenia is looking for new revenues. The property tax is supposed to bring about more than € 400m.

November 5, 2013