Slovakia Real Estate Report Q1 2015: New research report available at Fast Market Research

From: Fast Market Research, Inc.
Published: Wed Jan 28 2015


We are witnessing high levels of development in the commercial real estate market in Slov ak ia as strong internal demand supports growth in the high end retail segment, among others. However, activity in the commercial rental market remains more subdued as high levels o f supply and an uncertain eurozone economy leads to caution and a lack of rental rate growth.

Slovakia's commercial real estate market has been one of the success stories of the post-communist era as economic expansion and significant growth in income levels and private sector spending have fuelled demand for modern commercial space. The Slovak economy grew by an annual average of 8.5% year-on-year (y-o-y) between 2005 and 2007, with a strong macroeconomic backdrop driving development of the retail sub-sector in particular as income levels have come increasingly into parity with those of Western European markets. A flurry of new shopping centre developments has ensued, including the country's first fashion outlet, delivering in late 2013. Meanwhile, the industrial and office segments have been the recipients of increasing levels of international investment, reflecting Slovakia's advantageous geographical location at the crossroads or Central, Eastern and Western Europe. The logistics sector in particular has witnessed considerable growth as companies look to gain access to the region's main transport corridors.

Full Report Details at
- http://www.fastmr.com/prod/944799_slovakia_real_estate_report_q1_2015.aspx?afid=301

However, one of the side effects of large-scale development has been increasing levels of supply with many local observers noting saturation in some areas of the commercial real estate market, particularly in the capital, Bratislava. Oversupply has been exacerbated by a slowing Slovak economy, which until now has been heavily reliant on demand from surrounding eurozone export markets. Growing supply has proved a limiting factor on rental rate growth with rates remaining flat across much of the commercial sector over our review period stretching back to late 2013.

While the...

The Slovakia Real Estate Report features Business Monitor International (BMI)'s market assessment and independent forecasts of major construction projects in the residential and commercial markets, plus rental prices and yields in major cities. The report critically analyses the prospects for real estate within the broader economic and financial context - both domestic and global - via our econometrically-modelled and clearly explained banking and economic forecasts and follows this through to evaluate the implications for REITs.

BMI's Slovakia Real Estate Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the real estate industry in Slovakia.

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