Even in the traditional summer off-season of the media there has not been a longer period without some news from the realty franchising. Only during the summer thirteen offices of A-City became part of the local network of RE/MAX, Century 21 acquired eight branches of Bonus Group, the local estate agency Union Partners came up with a new franchising concept and RE/MAX has agreed with the developers company FINEP upon a wider cooperation. The realty franchising in Czechia is obviously undergoing a period of dynamic development.

In August we will take a little bit of rest, just like every year, which will obviously have a slight impact on the portal and its updating. Those used to watching our daily reports will find the news here every day. Our August break is not only reserved for our team’s relaxation and recreation, as could be implied by this holiday time, but also for the preparation of topics for our articles in autumn.

Have a beautiful summer!

Stavební fórum

There is no rule that a smaller automatically means a weaker, of less quality or inessential. Just such players in the real estate market often enliven, enrich, offer another view and complete what the „big sharks“ consider being too small morsel. For this reason we that time addressed our series of questions to Klára Čvikotová – the agent of perhaps less-known Spanish developers POSCA Slovakia and also the company KP DEVELOPMENT.

The economic crisis hit participants of all market segments, including the developers of industrial properties. The decreasing demand for consumer goods leads to the restriction of production and consequently to the decline in demand for storage spaces. After many years of logistics facilities construction growth occurred attenuation. Within a series of interviews Stavebné fórum.sk spoke about the anti-crisis measures and future prospects with Mario Sander, the director of the company ProLogis for Slovakia and the Czech Republic.

In a couple of years, we will have an insufficient supply in all segments of the real estate market. The main impact of the current economic crisis on the real estate market involves insufficient construction activity, caused primarily by unrealistic requirements of the banks – says Tomáš Duda, head of the real estate agency Professionals, operating on our market since the beginning of the 1990s.

So much as informed comment, analysis or assessment is only a theory, if from time to time does not vacate a place for practice. The view „from the first hand“ from a man, who directly operates in the area, does not compensate anything. Notified series of interviews with key players in the field of development continues by the interview with Jozef Šimek, the general sale manager of GTC Company Slovakia, which is a subsidiary of Globe Trade Center S.A. Company – one of the biggest developers in the Central and the Eastern Europe.

The Odyssey, through which Centrál, the most famous spa in the capital of Slovakia, passes from its birth, is coming to its ultimate end. Defend exclusively the swimming place right there where something new and much larger will born in a short time has no justification now. From the first half of the 90th, affected by the city attempts to restore the original purpose of the object, the era advanced, but also the look at what is the priority. And so in 2012 in its place will grow a modern residential and commercial complex, which, despite a much larger content becomes an heir of the original name.

Had they known in Orco Property Group and ECM what the real estate crisis would bring for them, they would not probably have entered the stock exchange at all. In that case, some of their problems possibly would not have gone public. Although ECM is in a better financial condition than Orco, any pronounced improvement cannot be expected in its case as well, given the situation on the Czech real estate market. The shares of both companies therefore remain in the realm of speculative investors. And they have to expect the worst – including withdrawal of both companies from the stock exchange and Orco’s bankruptcy.

According to the latest report by the Prague Research Forum (PRF) – an association of CB Richard Ellis, Colliers International, Cushman & Wakefield, DTZ, Jones Lang LaSalle and King Sturge – the total area of office areas in Prague exceeded 2.614 million square metres at the end of the second quarter. Class A buildings constitute 72% of the total volume, class B buildings 32%.

„The housing market is almost stopped,“ comment real estate brokers with one voice the current alarming – by holidays multiplied – recession of really carried out transactions with the secondary apartments. Said lapidary: if one year ago 10 candidates were queuing to observe 1 apartment, now for the „favour“of 1 candidate on his cognitive marathon seek for 10 apartments at least. And that the seller's market has changed to the buyer’s market is apparently confirmed by his behaviour: You will not cheapen? No need – I have 9 more convenient and better offers!

To solve the critical traffic situation in Bratislava depends not only on quantitative multiplication of the existing road infrastructure, the number of subsurface crossings or tunnels. The real instrument of systemic therapy can be only the establishment of the carrier transport system, which will reverse the trend towards further strengthening of an individual transport at the expense of a public one. However, it will be insufficient, if this remains on the basis of the cheapest – surface lines.

Media use the terms such as crisis, recession, and parcels of measures, end of the boom at recent time. However, in interviews with representatives of companies resonates disappointment from the media spreading alarm messages. How is it in a fact? Stavebné fórum.sk has decided to prepare a series of interviews with key players in the field of development and find how they look at the whole situation. The first interview took place with the board of directors chairman of one of the strongest developer companies on the Slovak market, Ivan Valent from HB Reavis Group, a.s.

According to the latest report Global Retail MarketView by CB Richard Ellis Company, which focused on the prices of rents in shopping centres and the analysis of regional or global trends, fell retail rents in practically all regions of the world in the 1st quarter 2009 as a result of the global recession and changes in consumer moods. Even when the pressure down surprised markets after several-year of enhancing, it can be expected that for facilities of multinational chains in the highest – first quality and the best placed (in a partner of a street or a shopping centre) will always be paid the rent according to the principles of free market.

Real estate agencies are in the centre of attention of the media relatively often, especially today, when they express their opinions on the developments on the residential market. An analysis of the media coverage of ten selected real estate agencies (Mexx Reality, AAABYTY.cz, Century 21, Lexxus, Real Spektrum, Re/Max, Maxima Reality, Professionals Reality, M&M Reality holding and ERA) in the first half of this year, conducted by Newton Media, confirms that the differences in their image as presented through the media are rather quantitative.

According to the information available it should be the largest shopping complex in Slovakia with 250 shops, supermarket, cafes, restaurants, relaxation centre, skating rink with classical ice and the dimensions of 30×15 m, pool 25×12 m, massage shops, saunas, solariums, 1 300 parking spaces in the basement and office spaces of the highest standard. The fact that it not only was not completed in the Bratislava Ružinov on June 30, 2009 but it did not start building yet, however, in this particular case it is not the conscience of the crisis. Recent developments shows that under apparently definitive end of Yosaria Plaza Center project will be signed long-term financial inability of the investor.