Prague Research Forum Announces Office Market Figures for Q1 2021
The total net leasing activity in Q1 2021 decreased by 15% year-on-year • COVID-19 had impact on market activity with high share of renegotiations at 46% in Q1 2021 • Vacancy rate increased to 7.6% • Share of immediately available space for sublease increased by 15% q-o-q • Shift from speculative construction to pre-leased backed more common among developers • Planned supply for 2021 is the lowest since 2016 • Five office projects commenced construction during Q1 2021 • The prime rent stays between 22.00 and 22.50 EUR/sq m/month The Prague Research Forum is pleased to announce the office market figures for the first quarter of 2021. The members of the Prague Research Forum – CBRE, Colliers International, Cushman &Continue Reading
Czechs still lose savings due to lack of financial education
A quarter of Czechs still leave their savings susceptible to the inflation process by securing them in cash. However, they are interested in making new investments, according to the Generali Investments CEE research. Cash savings are a preferred choice for a tenth of participants, especially for those with basic education. 14 percent of the respondents prefer keeping savings in a bank account. “More than a fifth of Czechs have over 100,000 crowns in cash or in a bank account. Their savings are also subject to inflation and lose value in real terms. For example, last year, people who saved their money that way suffered a loss of up to 3.2 percent in value due to inflation and insufficient financial literacyContinue Reading
