Slovakia Real Estate Report Q4 2010: New research report available at Fast Market Research

Oct. 9, 2010 - PRLog -- Like many countries in Central and Eastern Europe, Slovakia suffered from an economic downturn in the wake of the global financial crisis that reached its critical phase in September 2008. Unsurprisingly, this had an impact on the commercial real estate sector.

The commercial real estate market in Slovakia experienced falling rental rates in each of the main subsectors (offices, retail and industrial) through 2009. The worst falls across the board have been in Trencin, which saw falls of up to 30% in all three sub-sectors. The extent of vacant space seems somewhat hard to quantify accurately, but observations range from 8% in Bratislava industrial space to 30% in a variety of other places and sub-sectors in the country. Reports from Kosice include details of a new commercial and residential project called 'Cassovar', which local sources suggest will lead to an increase in the rental rates in the area, despite putting additional space onto the market.

We saw substantial falls in capital values for commercial property in Slovakia in 2009, as yields have risen in all three cities for which we have data - and sharply in some sub-sectors. Nevertheless, in the second round of interviews that we conducted with in-country sources in mid-2010 indicated that rents and yields have since stabilised. The implications are that vacant space is being absorbed and that investors are earning a return that is - from their point of view - adequate. Our sources envisage that rents will rise by single digit amounts in 2011.

Key Features Of This Report

This is the latest edition of a new series of industry reports published by BMI that seeks to identify the key dynamics of the real estate sectors of 44 countries around the world, some of which are developed and some of which are, in every sense, emerging markets. The questions that we seek to answer for each country remain as follows: what are the main issues that will matter to actors in and around real estate development in the country concerned, both over the long and the short term? What are the main constraints that they face? What are the key insights that one garners when one compares the real estate sector of the country concerned with its peers in other countries?

In Q3 we introduced a very substantial new improvement to the reports. We incorporated data and qualitative observations provided to us by commercial real estate agents operating in the countries we survey. As a result we gained a much clearer picture of the balance between demand and supply in each of three main sub-sectors - office, retail and industrial. We also introduced a new approach to the forecasting of rental yields, which is discussed in the methodology sector of this report.

In Q4, we have incorporated a lot of new data in relation to rents and yields in 2010. We gained this data by way of a new round of interviews with our in-country sources in mid-2010. In some cases, the latest information from our sources has caused us to make significant revisions to our forecasts for 2011-2014.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/87299_slovakia_real_estate_rep...

Report Table of Contents:

Executive Summary
SWOT Analysis
- Slovakia Real Estate/Construction SWOT
- Slovakia Economic SWOT
- Slovakia Business Environment SWOT
Regional Real Estate Overview
- Table: Central And Eastern European Office Markets At A Glance - Rents, 2009-2011 (EUR per m2 per month)
- Table: Central And Eastern European Retail Markets At A Glance - Rents, 2009-2011 (EUR per m2 per month)
- Table: Central And Eastern European Industrial Markets At A Glance - Rents, 2009-2011 (EUR per m2 per month)
Real Estate Market Overview
- Key Issues
- Comments And Data From In-Country Sources
- Table: Slovakia Real Estate Markets - Rentals In msq/month (EUR)
- Table: Slovakia Real Estate Markets - Net Yield (%)
- Table: Slovakia Real Estate Markets - Terms Of Contract/Lease
- Table: Slovakia Real Estate Markets - Available Space (msq) And Vacant Space (%)
Industry Forecast Scenario
- Real Estate Outlook
- Table: Slovakia Real Estate Markets - Rentals in msq/month (EUR)
- Table: Slovakia Real Estate Markets - Forecast Net Yield (%)
- Construction Outlook
- Table: Slovakia - Infrastructure And Construction Industry Data
- Macroeconomic Outlook
- Table: Slovakia - Economic Activity, 2007-2014
Business Environment
- Real Estate/Construction Business Environment Rating
- Table: Europe Real Estate/Construction Business Environment Rating
- Slovakia's RECBER
- Central And Eastern Europe Project Finance Ratings
- Table: Design And Construction Rating
- Table: Commissioning And Operating Rating
- Table: Central And Eastern Europe Overall Project Finance Rating
Company Profiles
- Ballymore
- Convergence Capital
- Cresco Group
- Eastfield Atlas
- Metrostav SK
- Quinlan Private Golub
BMI Methodology
- How We Generate Our Industry Forecasts
- Construction Industry
- Bank Lending
- Real Estate/Construction Business Environment Rating
- Table: Weighting Of Indicators
- Project Finance Ratings Indicators
- Table: Design And Construction Phase
- Table: Commissioning And Operating Phase - Commercial Construction
- Table: Commissioning And Operating Phase - Energy And Utilities
- Table: Commissioning And Operating Phase - Transport
- Sources

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.