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Articles - český realitní trh

Czech year on year investment volume falls by only 8%

A total investment volume of €290 million was transacted in the Czech Republic during the first quarter of 2021, according to Savills latest research. Without the exceptional €1.3 billion Residomo portfolio sale transaction, the investment volume was only down by 8% y-o-y.

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Real estate transactions of commercial real estate in 2020

The total volume of transactions in the commercial real estate sector in the Czech Republic should reach 1.2 billion euros this year. This is a 63% decrease compared to last year, which was above average successful. If we also take into account the complications that the coronavirus pandemic has brought to the economy, the result is relatively satisfactory and testifies to the continuing appetite of investors. In addition, we can expect a further increase to almost double this year's volume next year. It is also positive that real estate prices still remain stable.

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Automation is coming. The pursuit of a quick profit is hindering greater development

Different temperatures in different rooms, air control or reducing the energy intensity of a building by efficient use of alternative sources. These are just some of the benefits of building automation. It offers simplification of maintenance as well as significant financial savings, especially for large office buildings, hotels or industrial buildings. In the Czech Republic, however, we still have a long way to go compared to the West.

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Is the end of the office near? A few months of working from home won’t give us the answer

The COVID-19 pandemic spurred the involuntary evacuation of offices and led companies and employees to experiment with full-time work from home. Some prognosticators are now declaring that demand for offices will decline over the long term. But are such forecasts realistic?

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The Prague Research Forum (PRF) publishes data on the office space market for the third quarter of 2020

The Prague Research Forum reports that a total of 21,200 m2 of office space was completed in Prague during the third quarter of 2020, bringing the total volume of modern offices to 3.73 million m2. The newly completed premises include three newly built buildings - AFI City 1 in Prague 9 with 15,900 m2, the Office Building of Czech Ports in Prague 7 with 2,800 m2 and Poděbradská Centrum in Prague 9 with 2,400 m2.

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Colliers predicts a strong recovery in demand for a flexible European workspace following a slowdown due to a pandemic

According to the latest Flex Forward report from global real estate consultant Colliers International, European markets with a low level of existing flexible workspace saw the largest increase in new flexible operations in the first half of 2020.

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The largest development project in Prague is starting. A new district with a kilometer-long boulevard will be built in Smíchov

The former freight station in Smíchov is starting to change. Practically in the center of Prague, a new "city within a city" is to be built within 12 years, which will include apartments, offices, retail space, and public spaces, including a kilometer-long pedestrian boulevard. The plans also include two parks, each the size of the Old Town Square. This is currently the largest development project in Prague.

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Building A is the second best refurbished office building in the Czech Republic

Building A gained second place in the prestigious Best of Realty in the Reconstructed Offices category. The jury, composed of representatives of the Association for the Development of the Real Estate Market (ARTN) and other professional associations, appreciated Building A with the technology used and its modern concept that meets the trends of the 21st century, thanks to which it will duly represent MONETA Money Bank. Announcement of the 20th Best of Realty results was held at the Congress Center of the Czech National Bank and Martin Čermák took over the awards. (source: BB Centrum)

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