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Hungarian Retail Sector Struggling on Several Fronts
The recession in Hungary is also affecting the Hungarian retail sector. A weak labour market combined with declining purchasing power is dampening consumer spending, a development which is reflected in weak retail sales.
October 8, 2012
Hungary: Residential Housing Market at a Standstill
According to Bank Austria, the Hungarian housing market has reached a historic low.
October 8, 2012
Hungary: Vacancy Rates in Office Market Remain High
Despite record low in new building activity, the Hungarian office market proves stable.
October 6, 2012
Immofinanz Builds Next Shopping Center in Poland
The Austrain real estate group starts retail development project in Poland. Investments total € 115m.
October 2, 2012
Austria Faces Growing Demand in Living Space
In the next 25 years, Austria needs 10% more apartments. However, building land becomes more and more scarce.
September 25, 2012
Austrian Property Prices on the Rise
Since 2009, the average increase in property prices in Austria came at 18.5%. Above all, the demand in land is growing substantially.
September 14, 2012
Immofinanz: New Project in Cologne
The Austrian real estate group dissolved its joint venture with Frankonia Eurobau and took over the Gerling Quarter in Cologne.
September 6, 2012
Strabag: Major Contract in Hamburg, Germany
STRABAG Real Estate and Otto Wulff awarded contract for Hamburg’s € 700m college project.
September 4, 2012
Real Estate Bubble in Austria?
The real estate prices are still increasing. Above all, in the urban regions of Austria the prices continue to rise.
August 29, 2012
Immofinanz: Major Sale in Vienna
The Austrian real estate company announces proceeds of over € 33 million on apartment house sale in Vienna.
August 20, 2012
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