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Property Market

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

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

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

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

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

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

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
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