The recent June real estate audit of pluses and minuses did not include the event which, while it does not usually directly affect the real estate sector, it is definitely of enduring significance – it is influential for at least four years. The change of government as a result of parliamentary elections is not solely a political hitparade where the winners and losers are announced. It has a far reaching impact on the economic course of the country, it gradually affects deeply all areas, not exempting the construction industry and its related activities such as investment development, job creation, real estate market trading and planning.

What are the parameters of success for any development project at the time of a long-term crisis? This question has been heard countless times in a number of various permutations during past discussions at Stavebné fórum. Despite the insightful and spirited answers and definitions, not every speaker from the above-mentioned field was able to praise themselves that they had estimated the future demand exactly during the projection of their investment plans and did not step off the trail. During the last, June, discussion meeting, Slavomíra Tóthová from the company Mlyny, a.s. presented exactly such a project.

Not so long ago the market situation with real estate agencies has culminated. The excess pressure of supply, as far as the brokering service in the execution of a trade transaction is concerned, was truly enormous and surpassed even the number of real estate properties which were in circulation during the boom. It did not concern exclusively the subject of business – real estate agencies were promising dizzying careers to prospective brokers who were supposed to turn professional after telegraphic training and in time become rich – guaranteed. Freely available real estate magazines were filled with photographs of successful “terminators“, reminiscent of the youthful faces of today‘s teenagers.

In mid-February Stavebné fórum.sk opened a discussion on shapes, forms and differences in the post-crisis property development. Representatives of self-governing bodies, investors, universities, architects and lawyers agreed on one conclusion then: post-crisis property development will differ vastly and it will function on principles totally different from today´s. Participants of the international conference project analysed this topic in more detail and on a wider international basis last Thursday in May. Again in Košice and again with focus on Development after crisis = time for quality: in architecture and in new economic-legal relations.

They are only catastrophic headlines in the media, in reality, nothing terrible is happening. The developers‘ problem is only that flats are being sold over a longer time period. This is how Petr Fanta, managing director and head of the board of directors of the British-Czech developer company CODECO, evaluates the frequently discussed crisis of the domestic residential market.

As we know them, HB Reavis Slovakia are building their Auparks simultaneously in several cities. Aupark in Piešťany was opened in April, it will be opened in Žilina in autumn and in Košice next year. They even expanded to the Czech Republic and Hungary. A shopping and leisure centre with this name will also be built in Brno, Ostrava and Hradec Králové. The property developer has already managed to build Aupark, Apollo Business Centre I and II, City Business Centre I-II in Bratislava. Their investment plan, valued at one and a half billion EUR, is dominated by Twin City and office complex CBC III-V.