Prague Property Summit 2017. Source: RICS
Last week, a major industrial property event – Prague Property Summit – took place in Prague. Experts from across Europe met together to discuss current developments and issues in this field. There were over 20 speakers at the conference and more than 100 visitors. The conference was organized by the Royal Institute of Certified Inspectors (RICS).
Markets in Central and Eastern Europe are growing and have not yet reached their peak. Investments in the region in the first quarter of 2017 reached € 2.3 billion. This represents a significant increase compared to € 1.6 billion invested in the same period of 2016. Poland’s dominance is decreasing, with the Czech Republic and Hungary gaining momentum.
Experts have agreed that the CEE region may expect growth in the next period too. In addition, Brexit may contribute to their growth, as some companies will look for new opportunities on the continent and intend to move some of their activities to Central Europe. On the market, there is already sufficient demand from buyers to create further growth.
On the contrary, experts are worried about the low level of unemployment, which means a lack of free labour in the market. This could also affect companies’ decisions about possible shifts their activities to this region.
© 2019 Eurologport