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Retail Space Europe 2015

The retail market in Austria remains stable, the turnover in 2013 was more or less the same as in 2012, and the outlook for 2014 i relatively optimistic. The demand for new brands to expand in Austria is still very high. Most of the retailers are first looking for opportunities in Vienna's high streets or shopping centers and then consider the other Austrian cities.

(Book released by "Europe Real Estate")

Europe Real Estate 2014 Reference Book

2013 was an exciting year for Europe. It is the ‘two-speed Europe’: cautious optimism reigns in large parts of Europe, with a looming oversupply in the southern and eastern parts of the continent. On top of the divergent paths among European states, there are also opposing trends among asset types, with retail and residential continuing to attract the majority of demand.

(Book released by "Europe Real Estate")

Retail Space Europe 2014

The economic turmoil in greater Europe has had little to no effect on the Austrian retail market, with rents continuing to increase and demand for space substantially exceeding supply. 2013 has seen a continuation of this trend, although there has been a clear increase in supply on Mariahilferstrasse, Vienna's longest high street.

(Book released by "Europe Real Estate")

Party mood on the hotel investment market

Wave of selling by institutional investors triggers high investment volumes. The investment carousel will continue to turn cheerfully in 2014 as well, as Colliers predicts: "In 2014 various hotel projects scheduled for completion this year or next year will probably be sold to foreign investors."

The new normality on the office market

Ciennas's office space pipeline is almot emt: only 240,000 square metres of new space will come on the market by the end of 2014. At the same time, however, letting performance is increasing again.

Railway station centres versus shopping streets

New centres in Vienna's railway stations have so far made a rather positive impact on nearby shopping streets, experts conclude. However, there may be just a bit too much retail area being produced.

Europe Real Estate 2013 Reference Book

The Austrian real estate market has been incredibly stable throughout the Eurozone crisis, primarily because it has always had the reputation of a safe haven. Additionally, Austria has a very low rate of unemployment,  extremely low borrowing costs and continues to have above-average growth rates.

(Book released by "Europe Real Estate")

"... a luxury, not a necessity"

Vienna's office market is heading for a problem, thinks Georg Muzicant, CEO of Colliers International in Austria. Businesses face costs for this location which are simply too high and one consequence is an exodus of corporate headquarters.

Retail Space Europe 2013 Reference Book

After the demand for retail space decreased in the wake of the economic crisis in the first half of 2009, it recovered at the end of the year and continued improving in 2010, remaining stable in 2011. Demand has remained at a consistently high level throughout 2012 and even in the provinces it recovered well over the year. The most sought-after locations are still the high streets in Vienna.

Europe Real Estate 2012 Reference Book

Austria’s real estate market has enjoyed greater stability than most European markets due to its image as a safe haven. The demand for residential properties in particular, both individual apartments, as well as rental buildings, has been dramatically higher than the available supply. At the same time, commercial leasing has dropped off, accompanied by a reduction in new supply. Consequently we have seen stability in the commercial area and double digit growth in prices for residential properties.

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