The amounts of capital accumulated on the investment property market still create fierce competition for investors; together with this, the yields continue to decline. However, this latter tendency seems to have slowed down due to the European Central Bank base rate having increased three times since last December…
In 2006, the expansion of smaller area shopping malls continued, built under the so-called strip-mall concept. The advantage for such malls, consisting usually of shops arranged in a U-form with direct access from a central parking area, is that as a result of their layout they can be operated more efficiently than shopping malls under a single roof. Therefore, retailers offering goods at more favourable prices enjoy more favourable maintenance costs and attract a larger stratum of customers…
In 2006, last year’s trends on the market of modern logistics properties continued. In the first half of the year, expansion was moderate in both demand and supply. It still holds that the more important warehouse areas (in excess of 8,000 – 10,000 square meters) are in demand primarily by professional carriers, the winners of tenders in logistics, for rental; nevertheless, there was a drop in 2006 in such tenders, in terms of both number and volume…
