Experts speaking at the Prague Real Estate Forum 2024 noted that the real estate investment market has been quite calm in recent months. It is noted that the number of sales is at a low level, and banks are taking a conservative approach to potential investments and transactions.
The chief executive of Star Capital Finance, Josef Maliz, expressed the opinion that there is a large gap between the demands of property owners and what a potential buyer is ready to offer. He also emphasized that first-generation shopping centers have good potential, especially in light of modern customer requirements and preferences. He noted that it is no longer just about buying a product, but about services, and that they are located in good locations, which is an attractive investment opportunity.
Director of real estate finance at ČSOB, Lenka Kostrounova, confirmed that their bank was a little more cautious than a year earlier and continues to apply a conservative structure towards investors. Priority is given to diversified portfolios, which may include a newly built ESG office, logistics sector and a small portion of residential stock.
Upvest CEO, David Musil, expressed the view of taking a holistic approach to the capital structure to ensure it is robust enough. He also emphasized that higher leverage is offered, with this approach the profitability for investors becomes more attractive.
