Market Report, "Slovakia Real Estate Report Q2 2011", published

March 29, 2011 - PRLog -- Our latest interviews with our in-country sources, which were conducted in late 2010, indicate that rents for most of the two years up to H110 had been rising steadily across Slovakia's commercial property marketplace, recovering slowly from large drops between 2008 and 2009. In H110, the quoted rental levels were higher than they had been through 2009 across the board, and the increases of maximum levels were all between 5 and 10%. All three cities - Bratislava, Trencin and Kosice - are expected to have a period of stability - that is prices moving sideways - before they continue to rise.

In theory, this should result in a recovery of capital values. In practice, our sources have not - yet - commented on whether values are, or will be, rising. 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. For the time being, we are assuming that yields remain broadly stable over the short term and local sources say they are unlikely to drop back in 2011.

We highlight two other aspects. First, and in spite of the country's exposure to the more general problems of Central and Eastern Europe, it does not appear that there has been massive over-supply of property in any of the three sectors. Although our in-country sources did not specify vacancy rates, their comments in relation to the normal rental terms suggest to us that banks and developers had been reasonably disciplined prior to the global financial crisis. Second, the major international developers with presence across Central and Eastern Europe have clearly been active in bringing new projects online - which should underpin office and retail rents in Bratislava and, perhaps, Kosice.

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Report Table of Contents:

SWOT Analysis
- Slovakia Real Estate/Construction SWOT
- Slovakia Economic SWOT
- Slovakia Business Environment SWOT
Real Estate Market Overview
- Table: Slovakia's Real Estate Market - Historic Rents, 2009 And 2010 (m2/month, EUR)
- Table: Slovakia's Real Estate Market - Net Yields, 2010 And 2011 (%)
- Table: Slovakia's Real Estate Market - Terms Of Rental Contract/Lease, Mid-2010
Industry Forecast Scenario
- Real Estate Outlook
- Table: Slovakia's Real Estate Market - Rentals, 2010-2012 (m2/month, EUR)
- Table: Slovakia's Real Estate Market - Forecast Net Yield, 2008-2015 (%)
- Construction And Infrastructure Outlook
- Table: Slovakia - Infrastructure And Construction Industry Data, 2008-2020
- Macroeconomic Outlook
- Table: Slovakia - Economic Activity
Business Environment
- Real Estate/Construction Business Environment Rating
- Table: Europe Real Estate/Construction Business Environment Rating
- Slovakia's RECBER
- Project Finance Ratings: Outlook For Central And Eastern Europe
- Table: Design And Construction Rating
- Table: Commissioning And Operating Rating
- Table: Overall Project Finance Rating
- Slovakia's Business Environment
- Table: BMI Business And Operation Risk Ratings
- Table: BMI Legal Framework Rating
- Table: Labour Force Quality
- Table: Annual FDI Inflows Into Central And Eastern Europe And Central Asia
- Table: Trade And Investment Ratings
- Table: Top Export Destinations, 2000-2008 (US$mn)
Company Monitor
- Ballymore
- Convergence Capital
- Cresco Group
- Eastfield Atlas
- Metrostav SK
- Orco Property Group
- Quinlan Private Golub
- TriGranit
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.