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Price war boosts Prague flat sales, Czech hotel occupancy edges up
20 January 2013, 04:37 PM
Sales of new apartments in Prague in 2012 rose 2.5% to a record 4,720 units, surpassing the prior peak in 2011 at 4,562 and boosted in 4Q12 by a price war between developers, says Swedish-based Skanska. Some new suburban projects were offered for little more than construction cost.
- Prague-based PointPark's industrial lettings jump 28%
- High-end demand boosts Engel & Völkers to record 2011
- Czech Central posts record ¤53m 2012 net, eyes Russia
- French house sales driven by investor, not homeowner buying
- German Patrizia takes over ¤900m Sweden/Germany housing fund
- Polish housing attracts capital as sales hit record – REAS
- Polish residential sales strong but pace difficult to hold – REAS
- Skanska, Areim in JV to develop ¤224m Stockholm flats
- German Patrizia invests ¤1.4bn in apartment projects
- Freeway JV develops ¤98m logistics for Finnish S Group
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