Magazine on Construction, Development and Investments
The SMART magazine is published by Deloitte on a quarterly basis in cooperation with the Association of Building Entrepreneurs of the Czech Republic, ÚRS Praha and Blue Events. The publication is primarily intended for the top and middle management of construction, development and real estate companies. Its objective is to introduce new insights into various aspects of managing these businesses and provide information that will make the construction and development industries really “SMART” with a high level of expertise. The title of the publication already indicates its basic areas of interest, namely strategic management, industry analyses, interviews with prominent construction and development managers and introducing new trends and successful industry scenarios.
Do we experiencing real estate bubble or is it a natural response to current supply and demand? That is probably the most common question in the real estate market supported by a rapid rise of prices in past years.
What should be the investment priorities of Prague? In the current issue of Smart you can read about the key conclusions of Deloitte's analysis of Prague's investment. In addition, you will find here an up-to-date article on the current offer of apartments in Prague, an article on the legal aspects of changing the trend of housing from personal ownership to cooperative and rental housing and others.
Year 2016 brought several defining moments about which you can read in the new edition of the Smart. Furthermore, we bring a comprehensive overview of the residential development market in Prague in 2016.
Two significant trends are moving the residential market in recent years. The supply of new dwellings is quickly and considerably shrinking resulting in growth of prices. Not only by new dwellings, but also by the old ones.
From the economic perspective in recent months we are on the top among EU member countries. GDP is growing and unemployment is the lowest in Europe. However, construction definitely do not keep the growth wave. How is it possible?
As December turned to January 2016, Deloitte organised a survey addressing prominent construction, development, architecture and urbanism experts as well as representatives of academia. The survey aimed to map the opinions of the expert public in the areas of development, construction and property investments.
There are good and bad times. The industry saw a positive development in 2014 but it was not certain whether this would also continue in 2015. Although the exact results of 2015 are not yet known, they will be most likely the same or even better than in 2014. This is a positive signal for the future of the construction industry.