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Property Market
Romania: Real Estate Sector in Difficulties
In the first eight months of 2013, property prices were down by 7%.
September 18, 2013
Viennese Office Market Records New Low
The property market of Austria´s capital becomes less attractive. Since 2008, the production of new office space goes down.
September 16, 2013
No Asset Bubble in Austria
Despite the growing property prices in the last years, Austria does not face a real estate bubble.
September 14, 2013
Austria: Real Estate Prices Tend to Stabilize
In the first half of 2013, the average price increase was only 0.3%. The danger of a real estate bubble in Austria is rather small.
September 10, 2013
Romanian Real Estate Market to Stabilize
According to a study, the real estate market in Romania has stabilized again.
August 19, 2013
Austrian Real Estate Sector: Sales Are Going Down
In the first half year of 2013, property sales went down substantially. In Vienna, the decrease is disproportionately high.
August 6, 2013
conwert strengthens its presence in Germany
The Austrian property investor concludes the acquisition of a large residential property portfolio. Portfolio of 4,016 rental units and a floor space of 265,815 sqm
August 6, 2013
Immofinanz Prepares for BUWOG Sale
The Austrian real estate company plans a going-public for Buwog in 2014. Above all, Immofinanz wants to complete Buwog´s German portfolio.
August 3, 2013
Slovenian Real Estate Sector Shrinks
The building activity in Slovenia slackens. Moreover, transactions remain weak and new housing loans have reached a record low. A further decrease in real estate prices is rather likely.
August 3, 2013
Immofinanz Posts Lower Net Income
The Austrian real estate company has published the results for the financial year 2012/13. Property sales at record high, net profit lower due to decline in positive valuation effects.
August 2, 2013
Property Market: Vienna Among Top Ten in Europe
For the first time ever, Austria´s capital is among the most expensive cities. On average, the price per square meter comes at 3,000 in Vienna´s city.
July 20, 2013
Viennese Real Estate Market Stagnates
After a long-lasting boom, the upward trend in Vienna´s property market has come to an end.
July 17, 2013
Immofinanz Group Reveals Less Profit
Operating profit (EBIT) reduced by € 47.9m to € 444.7m. Decline in net profit from € 269.4m to € 210.1m. Cash flow rose by 8.9% y/y to € 315.3m.
March 21, 2013
CA Immo: „Results Would Have Been Perfect“
CEO of CA Immo, Bruno Ettenauer, proclaims that without devaluations the real estate company had to make the end results for 2012 would have been “perfect”. Now, CA Immo considers withdrawing from non profit-making markets.
March 21, 2013
Conwert: Profits in 2012 Negatively Effected
Target EBT of € 50m was met. Revenues dropped by 26.7 % y/y from € 852.9m to 625.1m. Earnings before tax amounted to € 154.6m. Outlook: conwert plans to gradually expand core business in Germany and Austria.
March 21, 2013
CA Immo: Major Drop in Profits
On Tuesday evening, CA Immo published the annual figures for 2012. The market-listed real estate company shows profits of € 48.6m which means a decrease of 28 %.
March 20, 2013
Austria: Increasing Demand in Flats
Half of the required flats in Austria are missed in Vienna. Experts have long forcasted the growing need in newly constructed buildings particularly in the city centers.
March 18, 2013
Improvement on the Czech Commercial Real Estate Market in Sight?
Bank Austria sees anti-cyclical investment opportunities in the Czech Republic and CEE. The Czech Republic offers a low country risk and transparent real estate market.
March 13, 2013
Austria: “Short Supply on Real Estate Market”
Demand is expected to remain high for residential real estate in 2013. Supply is lingering behind demand particularly in locations where business is strong, Bank Austria reports.
February 27, 2013
Immofinanz Withdrawsfrom Swiss Hotel Market
The Austrian real estate group sells Kempinski Residences and Hotel as well as the Grand Hotel in St. Moritz.
February 18, 2013
Immofinanz Withdraws from the Tender for GBW AG
The Austrian real estate group has withdrawn its non-binding offer for the purchase of the tendered shares in GBW AG, Munich, and informed the seller, Bayerische Landesbank, of this decision on 13 February 2013.
February 13, 2013
Estonia: Real Estate Transactions Up by 12%
According to Statistics Estonia, in 2012, 36,176 purchase-sale transactions of real estate in the total value of 1.7 billion euros were notarised.
February 12, 2013
CESEE Office Market Shows Solid Fundamentals
CESEE office market is undergoing a stable development; rental levels remain largely solid in most of the region, Erste Group says.
February 11, 2013
Slovak Property Market Recovers
For the first time since 2008, property prices were up in the fourth quarter of 2012.
February 6, 2013
Austria: Residential Building Is „Much too Low“
In the next years, Austria faces a remarkable housing shortage, the Austrian Chamber of Labor (AK) warns.
February 5, 2013
Immofinanz Continues Sales in Vienna
The Austrian real estate company continues the implementation of its real estate sales programme. Besides that, Immofinanz decides to leave France.
February 4, 2013
Property Market: Baltic Countries Against the EU Trend
Third quarter 2012 compared with third quarter 2011: Euro area house prices down by 2.5%.
January 31, 2013
Vienna Suffers from Housing Shortages
In the next 20 years, Vienna will need up to 200,000 new accommodation units.
January 23, 2013
Conwert Finishes Major Investment
The Austrian real estate company closes the acquisition of majority interest in KWG Kommunale Wohnen AG.
January 21, 2013
WIFO Wants Higher Property Taxes
Karl Aiginger, director of Austrian Institute of Economic Research, suggests reducing wage taxes.
January 21, 2013
Immofinanz: New Projects in Berlin
Purchase of a 3,000 sqm property for the realisation of 100 flats in the Charlottenburg-Wilmersdorf district of Berlin. 1,500 new flats in Berlin in construction or in planning.
January 21, 2013
Conwert Announces Strategic Asset Refocusing
According to preliminary figures, the EBT guidance of € 50 million has been achieved in 2012 before one-off effects. Strategic refocusing leads to negative one-off adjustments
January 18, 2013
Benko Establishes Joint Venture with Israeli Investor
The Austrian real estate investor René Benko has found a partner. The joint venture will focus on commercial properties in Germany.
January 16, 2013
Austrian Property Market Becomes Even More Attractive
According to a survey carried out by the business advisor Ernst & Young, about 90% of the interviewees think that Austria´s real estate market is attractive.
January 15, 2013
Austrians Still Prefer Traditional Investments
According to a survey carried out on behalf of the investment fund Fidelity Worldwide Investment, Austrians tend to conservative investments.
January 14, 2013
BUWOG to Strongly Expand Business in Berlin
Germany remains motor of growth for the Austrian real estate company. The subsidiary of Austrian Immofinanz acquires properties with 34,500 m² total space for 520 flats.
January 10, 2013
Good Outlook for Viennese Property Market
According to real estate experts, Vienna is one of the most attractive market for retail investments.
January 8, 2013
Vienna: Property Market Booms
Last year, property prices in the Austrian capital were up by 12% on average.
January 3, 2013
CA Immo: New Tenants in Hungary
CA Immo was able to acquire new tenants for some 9,300 sqm office space in five Hungarian office properties over the past six months.
December 10, 2012
Real Estate Market: Austria Is Underdeveloped
Regarding the rate of owner-occupied flats, Austria is below the EU average. Poland ranks first.
November 21, 2012
Vienna: Property Market Still Booming
On average, prices for new apartments rose by 9.7% from October 2011 to October 2012.
November 19, 2012
CA Immo: New Major Tenant in Vienna
The Austrian real estate supplier lets 21,500 sqm of Viennese office building to Bosch
November 16, 2012
CA Immo Expands in Warsaw
“Continuing success for largest Polish property development.” The Austrian property company will complete project before the end of the year.
November 14, 2012
Austria: Properties Worth € 10bn Inherited Every Year
According to Raiffeisen Bausparkasse, Austria faces a boom in real estate inheritances.
November 7, 2012
CA Immo Secures Major Project in Romania
Lease agreements have been extended for over 14,000 sqm in two Bucharest office buildings. International anchor tenants are ensuring an almost 100 % occupancy rate in the CA Immo Romanian portfolio.
October 30, 2012
Austria Faces Growing Demand in Living Space
In the next 25 years, Austria needs 10% more apartments. However, building land becomes more and more scarce.
September 25, 2012
Austrian Property Prices on the Rise
Since 2009, the average increase in property prices in Austria came at 18.5%. Above all, the demand in land is growing substantially.
September 14, 2012
Real Estate Bubble in Austria?
The real estate prices are still increasing. Above all, in the urban regions of Austria the prices continue to rise.
August 29, 2012
Immofinanz: Major Sale in Vienna
The Austrian real estate company announces proceeds of over € 33 million on apartment house sale in Vienna.
August 20, 2012
conwert takes over residential portfolio in Berlin
Residential property portfolio acquired at high two-digit million amount . Economies of scale possible through significant expansion of conwert’s portfolio in Berlin
August 9, 2012
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