||While Poland and the Czech
Republic experienced an investment boom in retail last year, there
were only few transactions in Austria and Hungary.
It shows that there can be substantial
differences between the real estate markets of countries that may
border each other geographically. Even if the term 'Eastern Central
Europe' admittedly sounds a little ungainly, international investors
have made a place for this corner of the world in their current
- Austria has high
per capita income, giving it a highly mature real estate market in
all retail subsegments.
- Poland has a
population of 38 million, making it by far the biggest and most
dynamic market, in which the shopping centre segment is highly
developed down to small cities while high street retail and retail
parks are still in their infancy.
- The Czech Republic
is midway between these markets with its well developed retail
park segment, shopping centres and its highly frequented Prague
- Hungary's retail
real estate market has been moving against the trend in recent
years owing to its country's economic problems, and has been
posting declines in rents for some time.
The latest Market Tracker features not just a brief assessment of
the different market structures and the latest developments on the
rental and investment markets for retail real estate, but also
provides an overview of the key market indicators and more recent
IVG Research Market Tracker 7/2012: 'Retail Markets in
Austria - Poland - Czech Republic - Hungary' - download (pdf)
Further informaiton www.ivg.de
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