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Real Estate Industry
Austria: Immofinanz to Remain in ATX Five
As announced on 4 March 2014, the ATX committee discussed about the future membership of Immofinanz AG in the ATX five.
April 10, 2014
S IMMO AG: Letting success in Sofia
The first quarter of 2014 brought encouraging successes in letting for S IMMO AG in Sofia, one of the company’s most challenging markets.
April 9, 2014
Hypo Group: Heavy Burden for Austrian Fiscal Position
The Austrian National Bank, however, expects the structural medium-term budgetary objectives to be achievable.
April 7, 2014
Wealthy Investing in Real Estates in Vienna
Vienna is considered a “safe haven” for real estate investments. In particular, luxury homes, such as the Palais Principe for instance, are more than attractive for wealthy investors.
April 4, 2014
Massive Tensions in Vienna´s Residential Property Market
In Austrian capital, rents are increasing unstoppably. Demand is still much bigger than supply.
March 31, 2014
Slovenia: Danger of Tax Increase
Because of the failed introduction of the property tax Finance Minister Uros Cufer suggested an inrease in VAT to compensate for the losses in revenue.
March 31, 2014
Slovenia: Controversial Property Tax Fails
The Slovenian Constitutional Court has rejected the controversial property tax suggested by the government. This will jeopardize this year’s budget.
March 28, 2014
Slovenia: Chaos around Real Estate Tax Continues
On Thursday the Slovenian National Assembley will pass amendments to the highly debated real estate tax.
March 27, 2014
Real Estate in Vienna: Offer Does Not Catch up Demand
There is a growing trend towards population increase as well as small households in Vienna.
March 25, 2014
Poland: Number of Real Estate Loans Drops
The portfolio of real estate loans of Polish households declined in February, according to a report by the National Bank of Poland (NBP).
March 25, 2014
Slovenia: Considerably Fewer Building Permits Issued
Almost a quarter fewer building permits were issued in January in Slovenia.
March 21, 2014
Slovenia: Government Confirms Tax for Residential Property
The government has confirmed the changes adopted for the introduction of the real estate tax.
March 20, 2014
Conwert Achieves Turnaround
The Austrian real estate group returns to the profit zone. Last year, net income totaled € 49m.
March 19, 2014
Immofinanz: Substantial Increase in Profits
In the first nine months of 2013/14, the Vienna-listed group registered an increase in net income by 7.1%. For the time being, Immofinanz is not affected by the Crimea crisis.
March 19, 2014
Slovenia: Confusion over Real Estate Tax
The deadline for real estate owners to prepare for the new real estate tax has been extended by a month.
March 19, 2014
CA Immo: Considerable Drop in Net Income
Financial results 2013: CA Immo achieves record operating result. Balance sheet strengthened, Net Asset Value up 6%.
March 19, 2014
VBAG: Romanian Affiliate Sells Bad Loan Portfolio
The ailing affiliate of Austrian partly nationalized VBAG will sell its non-performing loans on a large scale.
March 18, 2014
Immofinanz: Buwog’s Spin-Off Approved
In an extraordinary shareholder meeting, the spin-off of residential real estate affiliate of Immofinanz was approved by the shareholders.
March 14, 2014
Austria: Hypo Group Disaster with Exorbitant Costs
The extent of the disaster of Austrian problem bank Hypo Group Alpe Adria only starts to unfold bit by bit. A further capital injection of € 750m is needed only for the ailing bank to complete its balance sheets.
March 11, 2014
Austria: Looming Real Estate Bubble in Vienna
While the official opinion is that there are dangerous price tendencies, some experts warn of the danger of a real estate bubble in the Austrian capital.
March 11, 2014
Austria: Prices for Luxury Real Estates Soaring
The prices for luxury real estates in Austria continue to increase.
March 10, 2014
Slovenia: Government Envisages Reform Measures
After the EU Commission delivered a warning to Slovenia over the macroeconomic imbalances Prime Minister Alenka Bratusek announced yesterday she had expected such a report.
March 7, 2014
Serbia: Share of NPL Increases Dramatically
The share of bad loans in Serbia has increased to 21.3 percent.
March 6, 2014
Austrian Real Estate Market Shrinks
In terms of transactions, the Austrian real estate market shrank by 12.5% last year. Nevertheless, the price level has reached new records.
March 6, 2014
Hungarian Property Market Crisis Sharpens
In 2013, the building activity in the residential property sector fell dramatically. A soon recovery is more than unlikely.
March 1, 2014
Slovenia: SMEs Protest Against Real Estate Tax
Tax bills would rise by many times for small business owners.
February 24, 2014
Bulgaria: FDI Keeps Increasing
FDI (foreign direct investments) increased by € 1,229.4m in Bulgaria in 2013 while equity capital came at € 953.4m last year.
February 18, 2014
Austria: Real Estate Prices Still Soaring
Barely any other city in Europe saw prices rising as high for residential real estates as Vienna.
February 18, 2014
Real Estate: Vienna´s Office Market Saturated
In contrast to office markets in CESEE (Central, Eastern and Southeastern Europe), the Viennese office market has no major projects in the pipeline. The growth potential is rather limited.
February 15, 2014
Austria: Changes Ahead of Buwog’s IPO
Buwog, residential builiding affiliate of real estate company Immofinanz, will be listed from April 28 on and is supposed to become a candidate for the leading Austrian index ATX at the Vienna Stock Exchange (VSE).
February 14, 2014
Austrians Prefer Real Estates as Safe Investment Form
Around two third of Austrian investors prefer safe form of investment like real estates and properties.
February 14, 2014
Immofinanz Kicking Off IPO of Buwog
Listed real estate company Immofinanz is kicking off its inital puplic offering of residential real estate affiliate Buwog.
February 13, 2014
Austrian Real Estate: Prices to Increase only in Vienna
While the property price level does not stop to increase in Austria´s capital, the rest of Austria faces stagnating property prices.
February 12, 2014
CEE: Still Growth Market in Real Estate Sector
The region is still a growth market in the real estate sector even after the crisis. However, the legal situation in some CEE countries can be a pitfall to real estate companies.
February 10, 2014
Viennese Real Estate: Roof Space Utilization is the Key
In Austria´s capital, living space is rather limited. In the next few years, shortages in the housing market will sharpen further.
February 5, 2014
Real Estate: Outskirts of Vienna Popular Among East Europeans
More and more well situated East Europeans discover the suburban regions surrounding the Austrian capital. Unlike in Vienna, property prices are going up steadily.
February 4, 2014
Upward Trend in Polish Property Market Continues
In Poland, the property market continues to grow significantly. There are no signs of a cool-down.
February 3, 2014
Real Estate: Why Austrians Prefer Rented Apartments
About 40% of the Austrian households are rented apartments. Most tenants cannot afford becoming homeowners.
February 3, 2014
Considerable Differences Across European Mortgage Markets
According to Fitch Ratings, the performance of European residential mortgage markets as a whole has improved. In Southeastern Europe, by contrast, the recovery will take some more time.
January 23, 2014
Insurance Industry Faces Growing Risks
According to the U.S. rating agency Fitch, insurers in Europe have to accept riskier investments. Ratings may deteriorate, Fitch warned.
January 22, 2014
CA Immo to Repurchase Liabilities
Listed real estate company CA Immobilien Anlagen AG announced to repurchase its own liabilities of around € 428m in nominal terms.
January 22, 2014
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
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