Competitiveness / Business and Industry
This section feature research, opinion and progress reports on how the Czech Republic compares to other EU countries economically. It includes analysis of international rankings such as the WEF and World Bank.
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Spotlight issue
CBRE: The potential impacts of Covid-19: What Does it Mean for Real Estate?
The outbreak of COVID-19 began in December 2019 and has spread to many European countries. The most exposed countries to supply chain disruption are Germany, France, Italy and Spain. There are some downside risks in the near term and policy responses are looking to mitigate these. Travel restrictions and fear of exposure to COVID-19 will primarily affect face-to-face meetings and conferences.Real estate may see some impact in the short-term, the overall outlook, however, remains positive.
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COVID-19: Implications for business
The coronavirus outbreak is first and foremost a human tragedy, affecting hundreds of thousands of people. It is also having a growing impact on the global economy. This article is intended to provide business leaders with a perspective on the evolving situation and implications for their companies. The outbreak is moving quickly, and some of the perspectives in this article may fall rapidly out of date. This article reflects our perspective as of March 1, 2020. We will update it regularly as the outbreak evolves.
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The end of the year was in a rush in the field of investment in commercial real estate and confirmed both the dominance of Prague and Czech investors
The volume of investment in commercial property in Prague approached 80% of all Czech transactions last year. Even though they reached a total volume of €1.2 billion. The end of the year was relatively hectic. For example German investment company Deka Immobilien sold the Lighthouse Towers administrative complex in Prague's Holešovice to Czech firm Star Capital Investments just a few days before the arrival of the new year. According to CBRE, the world leader in commercial real estate services, there were more than twenty running negotiations in the last calendar month that will be closed during this year. Transaction volume in commercial real estate in 2020 will reach in the Czech Republic €3 billion. And office buildings will be once again the most demanded.
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