New Market Research Report: Czech Republic Real Estate Report Q4 2010

New Business market report from Business Monitor International: "Czech Republic Real Estate Report Q4 2010"
 
Sept. 19, 2010 - PRLog -- Protagonists in the Czech Republic's commercial Real Estate sector can be grateful that the 2008-09 period was not even worse. Rents fell by double-digit amounts in each of the three cities for which we gathered data - Prague, Plzen and Brno. Observers took a dim view of the sector's prospects in the wake of the global financial crisis.

Nevertheless, from interviews with in-country sources at the beginning of 2010 and mid-year, it has become apparent that rental rates have already stabilised in Prague and Plzen and are expected to do so in Brno next year. In spite of significant vacancy rates in all three cities, it appears that new supply of space in the office, retail and industrial sub-sectors is being absorbed.

The Czech Republic looks likely to achieve 2.2% real GDP growth in 2010. The weak outlook for Western European demand keeps this number from being higher. Fundamentally, the Czech Republic remains among the best-positioned countries in Central and Eastern Europe (CEE) to benefit from any recovery. Nevertheless, conditions in the Real Estate sector have been depressed by the softness in investment - particularly from outside the country.

The relatively low yields and strong rent increases in Plzen over the last year suggest that conditions - in all three sub-sectors - are better in that city than they are in Prague or Brno. Looking forward, we anticipate that rental yields will remain significantly higher in the office and retail sub-sectors of Prague than elsewhere.

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. Once again, 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 have introduced a very substantial new improvement to the reports. We have incorporated data and qualitative observations provided to us by commercial real estate agents operating in the countries we survey. As a result we have gained a much clearer picture of the balance between demand and supply in each of three main sub-sectors - office, retail and industrial. We have 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. We asked our sources to indicate what growth in rents is likely for 2011. We explain their answers in the Forecast Scenarios.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/83370_czech_republic_real_esta...

Partial Table of Contents:

Executive Summary
SWOT Analysis
- Czech Republic Real Estate/ Construction SWOT
- Czech Republic Economic SWOT
- Czech Republic 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
- Table: Czech Real Estate Market - Rentals, 2008 And 2009 (mSq/month, EUR)
- Table: Czech Real Estate Market - Net Yield, 2008 And 2009 (%)
- Table: Czech Real Estate Market - Terms Of Contract/Lease
- Table: Czech Real Estate Market - Available And Vacant Space (m2)
Forecast Scenario
- Real Estate Outlook
- Table: Czech Real Estate Markets - Rentals, 2009-2011 (mSq/month, EUR)
- Table: Czech Real Estate Market - Net Yield, 2008-2014 (%)
- Construction Industry Outlook
- Table: Construction And Infrastructure Industry Data
- Macroeconomic Outlook
- Table: Czech Republic - Economic Activity, 2007-2014
Business Environment
- Real Estate/Construction Business Environment Rating
- Table: Europe Real Estate/Construction Business Environment Rating
- Czech Republic'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
- Czech Republic's Business Environment
- Table: BMI Business And Operational Risk Ratings
- Table: BMI Legal Framework Ratings
- Table: Labour Force Quality
- Table: Annual FDI Inflows Into Central And Eastern Europe And Central Asia
- Table: BMI Trade Ratings
- Table: Czech Republic's Top Export Destinations, 2000-2008 (US$mn)
Company Monitor
- Central Group
- ECM Real Estate Investments AG
- Finep
- Orco Property Group
- Passerinvest
- Sekyra Group
- Skanska CZ
BMI Methodology
- How We Generate Our Industry Forecasts
- Construction Industry
- Bank Lending
- Real Estate/Construction Business Environment Rating
- Table: Weighting Of Indicators

Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=8337...

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

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.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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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.
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