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Property Market
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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
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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
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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
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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
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
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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
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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
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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
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
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
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
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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
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
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
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
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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
Bawag Sells Headquarter Building
In order to improve its equity base, the Austrian banking group sells the headquarter building in Vienna´s City.
November 23, 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
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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
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
IMF Wants to Introduce Compulsory Tax
IMF’s idea of introducing a compulsory tax on household assets could decrease state debt earns harsh criticism. Economists reject the idea.
November 4, 2013
Prague: Strong Foreign Demand for Real Estate
About a third of the buyers of Prague-based apartments are foreigners. Most buyers are Slovaks or Vietnamese.
October 21, 2013
Conwert Changes Strategy
The Vienna-listed real estate group will strengthen its portfolio in Germany. Moreover, conwert faces a change in leadership.
October 20, 2013
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Polish Real Estate: Prices on the Fall
In the last twelve months, the price of Polish apartments has fallen moderately.
October 20, 2013
Slovenia Introduces Property Tax
In order to reduce the massive fiscal shortfall, Slovenia is looking for new revenues. The property tax may bring more than € 400m.
October 17, 2013
Croatia: Hypo Group Losing Last Industrial Participation
Croatian chemical company Dioki is facing bankruptcy which is why Hypo Group is losing one of the last industrial participations in the country.
October 14, 2013
IMF: „Banks and Companies in a Vicious Circle“
Not only Greece, Spain or Portugal are struggling with a financially stricken banking sector. In Southeastern Europe, the situation is quite similar.
October 11, 2013
Southeastern Europe: Property Market Clashes
Since mid-2012, the property market in Southeastern Europe shrinks drastically. In Croatia, house prices fell by 20%.
October 10, 2013
COO Daniel Riedl appointed CEO of BUWOG
The 20th Annual General Meeting (AGM) of IMMOFINANZ AG, Daniel Riedl was appointed as CEO of the subsidiary Buwog. Riedl will prepare Buwog´s IPO.
October 3, 2013
Austrian Real Estate Market: Shopping Centers Under Pressure
Shopping centre market: old and less attractive models coming under increased pressure from online trading. This is reported by Bank Austria in its latest report “Real Estate Country Facts”.
September 28, 2013
Austrian Real Estate Market: Residential Housing Still Affordable
Austria offers good and affordable residential housing. However, strong price gains were registered in 2012, Bank Austria published in its report “Real Estate Country Facts”. In the next years, rents will continue to grow.
September 27, 2013
Austrian Real Estate Market: “Small Market in Good Shape with Potential”
The Austrian real estate market is a small, stable market with net cash flow returns of around 5 percent in the last nine years. This is the result published in Bank Austria´s report “Real Estate Country Facts”.
September 27, 2013
Austrian Commercial Real Estate Market on Right Track
Viennese office property market: new lettings are slowly picking up momentum – new construction volume of 205,000 m² expected in 2013. This is the result of the report “Real Estate Country Facts” issued by Bank Austria.
September 27, 2013
Immofinanz: Satisfying Results in Q1 2013/14
The Austrian real estate group registered a moderate increase in operating profits in the first quarter of the 2013/14 financial year.
September 25, 2013
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