Total investment in commercial real estate in 2020 fell by 27% year-on-year to 502 million euros. Industrial real estate was the most attractive for investors, with a share of about 49%, which was caused by the accelerated expansion of e-commerce during the pandemic. This follows from the report of the real estate consulting company Cushman & Wakefield.
Earlier this year, real estate experts expected the commercial real estate sector to continue to grow, but with the advent of the pandemic, all expectations have changed. This follows from the eighth edition of the study on the real estate market, prepared by the international law firm CMS.
The total volume of investments in real estate projects in Slovakia in the first half of this year reached 346 mil. which represents a year-on-year increase of 46%. However, the coronary crisis is expected to have a greater impact on co-working centers, boarding schools and offices. That’s according to a KPMG survey.
The total volume of real estate investments in Slovakia, despite the corona crisis in the first half of 2020, climbed to 432 million euros, dominated mainly by office and industrial real estate, followed by the retail segment. This follows from the latest data from the world real estate consulting company CBRE.
The possibility of postponement of loan repayments for Slovaks affected by coronavirus is guaranteed by law from yesterday. Customers who have lost their jobs or part of their income as a result of the anti-pandemic measures can apply for a one-month delay.
The year 2020 is already full, but current forecasts for the coming months are published further. Otherwise, it is not on the domestic real estate market, which apparently awaits another interesting year, at least so it results from several predictions.