\n| Byt (dlouhodob\u00fd pron\u00e1jem)<\/th>\n | 11,3<\/td>\n | -2,8<\/td>\n | 3 055,0<\/td>\n | 3,6<\/td>\n | 4,4<\/td>\n | \u2191<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nVelk\u00e1 brit\u00e1nie<\/h2>\nInvestice<\/strong>. Velk\u00e1 brit\u00e1nie \u2014 nejv\u011bt\u0161\u00ed evropsk\u00fd trh s nemovitostmi. V roce 2015 v komer\u010dn\u00ed objekty v t\u00e9to zemi bylo investov\u00e1no 73 miliard eur, z nich\u017e t\u00e9m\u011b\u0159 polovina klesla na Velk\u00fd Lond\u00fdn. P\u0159itom 43 % investor\u016f \u2014 cizinci, p\u0159edev\u0161\u00edm ameri\u010dan\u00e9. V prvn\u00ed polovin\u011b roku 2016. stolet\u00ed se objem investic na tento segment trhu \u010dinil asi 29 miliard eur, o 28% m\u00e9n\u011b ve vztahu oproti stejn\u00e9mu obdob\u00ed roku 2015 stolet\u00ed.<\/p>\nKancel\u00e1\u0159e<\/strong>. V I \u010dtvrtlet\u00ed roku 2016 na \u00fa\u0159adech musel 42 % investic. N\u00e1jmy rostou, v\u00fdnos kles\u00e1. Kancel\u00e1\u0159e pr\u00e9miov\u00e9ho segmentu v Lond\u00fdn\u011b p\u0159in\u00e1\u0161ej\u00ed 3,6 % za rok.<\/p>\nObchodov\u00e1n\u00ed nemovitost\u00ed<\/strong>. V I \u010dtvrtlet\u00ed roku 2016 v segmentu bylo investov\u00e1no 14 % investic. M\u00edra ziskovosti bonusov\u00e9 objekty ulice-\u0440\u0435\u0442\u0435\u0439\u043b\u0430 maj\u00ed tendenci k oslaben\u00ed (3,4 % ro\u010dn\u011b v Lond\u00fdn\u011b).<\/p>\nSklady<\/strong>. V I \u010dtvrtlet\u00ed roku 2016 na sklady musel 12 % p\u0159\u00edloh. Na rozvoj sektoru p\u0159\u00edzniv\u011b ovliv\u0148uje r\u016fst objemu on-line obchodov\u00e1n\u00ed v zemi. V\u00fdnos sklad\u016f v Lond\u00fdn\u011b \u2014 4,8 %.<\/p>\nBydlen\u00ed<\/strong>. Od roku 2007 (p\u0159edchoz\u00ed vrchol) na rok 2015 ubytov\u00e1n\u00ed v Lond\u00fdn\u011b stouply na 50 %. Ve velk\u00e9 Brit\u00e1nii za stejn\u00e9 obdob\u00ed \u010dinil n\u00e1r\u016fst pouze o 7 %. V\u00fdnos byt\u016f v britsk\u00e9 metropoli \u2014 2,4 %.<\/p>\n\n\n| Typ nemovitosti<\/th>\n | Pron\u00e1jem,
eur\/m2
za m\u011bs\u00edc<\/th>\n | Ro\u010dn\u00ed
dynamika
pron\u00e1jem, %<\/th>\n | Ceny
eur\/m2<\/th>\n | Ro\u010dn\u00ed
dynamika
ceny, %<\/th>\n | V\u00fdnos,
%<\/th>\n | P\u0159edpov\u011b\u010f
na 2016-2017<\/th>\n<\/tr>\n | \n\nLond\u00fdn<\/strong><\/td>\n<\/tr>\n\n| Kancel\u00e1\u0159e<\/th>\n | 100,0<\/td>\n | 9,5<\/td>\n | 33 333,3<\/td>\n | 17,1<\/td>\n | 3,6<\/td>\n | ↔<\/td>\n<\/tr>\n | \n| Street-\u0440\u0435\u0442\u0435\u0439\u043b<\/th>\n | 500,0<\/td>\n | 7,7<\/td>\n | 176 470,6<\/td>\n | 15,6<\/td>\n | 3,4<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| N\u00e1kupn\u00ed komplexy<\/th>\n | 415,0<\/td>\n | -5,0<\/td>\n | 124 500,0<\/td>\n | 0,9<\/td>\n | 4,0<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Sklady<\/th>\n | 16,3<\/td>\n | 0,0<\/td>\n | 4 126,3<\/td>\n | 5,3<\/td>\n | 4,8<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Byt (dlouhodob\u00fd pron\u00e1jem)<\/th>\n | 25,0<\/td>\n | 6,2<\/td>\n | 12 574,0<\/td>\n | 8,2<\/td>\n | 2,4<\/td>\n | \u2191<\/td>\n<\/tr>\n | \nManchester<\/strong><\/td>\n<\/tr>\n\n| Kancel\u00e1\u0159e<\/th>\n | 39,2<\/td>\n | 1,6<\/td>\n | 9 400,0<\/td>\n | 1,6<\/td>\n | 5,0<\/td>\n | ↔<\/td>\n<\/tr>\n | \n| Street-\u0440\u0435\u0442\u0435\u0439\u043b<\/th>\n | 135,0<\/td>\n | 5,8<\/td>\n | 38 117,6<\/td>\n | 18,2<\/td>\n | 4,3<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| N\u00e1kupn\u00ed komplexy<\/th>\n | 175,0<\/td>\n | 1,5<\/td>\n | 44 210,5<\/td>\n | 6,8<\/td>\n | 4,8<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Sklady<\/th>\n | 7,3<\/td>\n | 4,3<\/td>\n | 1 581,8<\/td>\n | 4,3<\/td>\n | 5,5<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Byt (dlouhodob\u00fd pron\u00e1jem)<\/th>\n | 12,4<\/td>\n | n\/a<\/td>\n | 3 402,0<\/td>\n | 3,5<\/td>\n | 4,4<\/td>\n | \u2191<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nN\u011bmecko<\/h2>\nInvestice<\/strong>. SRN \u2014 druh\u00fd nejv\u011bt\u0161\u00ed trh s nemovitostmi v Evrop\u011b po velk\u00e9 Brit\u00e1nii. V prvn\u00ed polovin\u011b roku 2016 do komer\u010dn\u00edch objekt\u016f v N\u011bmecku bylo investov\u00e1no 17,5 miliardy eur, o 4 % m\u00e9n\u011b ve vztahu k prvn\u00ed polovin\u011b zpr\u00e1v\u011b, viz 2015 stolet\u00ed. Asi 40 % investor\u016f \u2014 cizinci.<\/p>\nKancel\u00e1\u0159e<\/strong>. V I \u010dtvrtlet\u00ed roku 2016 na \u00fa\u0159ady p\u0159i\u0161lo t\u00e9m\u011b\u0159 polovina investic. Ve m\u011bstech je „big seven“ popt\u00e1vka roste rychleji nab\u00eddky, pron\u00e1jem dra\u017e\u0161\u00ed, a v\u00fdnos se sni\u017euje. Kvalitn\u00ed kancel\u00e1\u0159e p\u0159in\u00e9st asi 4 % ro\u010dn\u011b.<\/p>\nObchodov\u00e1n\u00ed nemovitost\u00ed<\/strong>. V I \u010dtvrtlet\u00ed roku 2016 v segmentu bylo investov\u00e1no 20 % investic. M\u00edra ziskovosti bonusov\u00e9 objekty ulice-\u0440\u0435\u0442\u0435\u0439\u043b\u0430 maj\u00ed tendenci k oslaben\u00ed. V pr\u016fm\u011bru p\u0159in\u00e1\u0161ej\u00ed 3-4 % ro\u010dn\u011b.<\/p>\nSklady<\/strong>. V I \u010dtvrtlet\u00ed roku 2016 na sklady musel 10 % p\u0159\u00edloh. Z d\u016fvodu nedostatku kvalitn\u00edch nab\u00eddek a siln\u00e9 popt\u00e1vky v\u00fdnos kles\u00e1 (5-6 % ro\u010dn\u011b).<\/p>\nBydlen\u00ed<\/strong>. 2011-2015 letech bydlen\u00ed v N\u011bmecku stouply v pr\u016fm\u011bru na 55 %, v Mnichov\u011b \u2014 o 65 %, v Berl\u00edn\u011b, t\u00e9m\u011b\u0159 2 kr\u00e1t. Dlouhodob\u00fd pron\u00e1jem byt\u016f p\u0159in\u00e1\u0161\u00ed v pr\u016fm\u011bru kolem 3 %.<\/p>\n\n\n| Typ nemovitosti<\/th>\n | Pron\u00e1jem,
eur\/m2
za m\u011bs\u00edc<\/th>\n | Ro\u010dn\u00ed
dynamika
pron\u00e1jem, %<\/th>\n | Ceny
eur\/m2<\/th>\n | Ro\u010dn\u00ed
dynamika
ceny, %<\/th>\n | V\u00fdnos,
%<\/th>\n | P\u0159edpov\u011b\u010f
na 2016-2017<\/th>\n<\/tr>\n | \n\nBerl\u00edn<\/strong><\/td>\n<\/tr>\n\n| Kancel\u00e1\u0159e<\/th>\n | 17,8<\/td>\n | 6,7<\/td>\n | 5 340,0<\/td>\n | 20,0<\/td>\n | 4,0<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Street-\u0440\u0435\u0442\u0435\u0439\u043b<\/th>\n | 244,0<\/td>\n | 1,7<\/td>\n | 77 052,6<\/td>\n | 9,7<\/td>\n | 3,8<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| N\u00e1kupn\u00ed komplexy<\/th>\n | 92,0<\/td>\n | 0,0<\/td>\n | 25 976,5<\/td>\n | 11,8<\/td>\n | 4,3<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Sklady<\/th>\n | 5,8<\/td>\n | 4,5<\/td>\n | 1 200,0<\/td>\n | 13,6<\/td>\n | 5,8<\/td>\n | ↔<\/td>\n<\/tr>\n | \n| Byt (dlouhodob\u00fd pron\u00e1jem)<\/th>\n | 10,3<\/td>\n | 1,1<\/td>\n | 3 651,1<\/td>\n | 10,5<\/td>\n | 3,4<\/td>\n | \u2191<\/td>\n<\/tr>\n | \nMnichov<\/strong><\/td>\n<\/tr>\n\n| Kancel\u00e1\u0159e<\/th>\n | 26,8<\/td>\n | 0,0<\/td>\n | 8 691,9<\/td>\n | 4,1<\/td>\n | 3,7<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Street-\u0440\u0435\u0442\u0435\u0439\u043b<\/th>\n | 296,0<\/td>\n | 0,0<\/td>\n | 107 636,4<\/td>\n | 6,1<\/td>\n | 3,3<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| N\u00e1kupn\u00ed komplexy<\/th>\n | 126,7<\/td>\n | 0,0<\/td>\n | 38 984,6<\/td>\n | 9,0<\/td>\n | 3,9<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Sklady<\/th>\n | 7,0<\/td>\n | 7,7<\/td>\n | 1 555,6<\/td>\n | 19,7<\/td>\n | 5,4<\/td>\n | ↔<\/td>\n<\/tr>\n | \n| Byt (dlouhodob\u00fd pron\u00e1jem)<\/th>\n | 17,2<\/td>\n | 2,2<\/td>\n | 7 353,0<\/td>\n | 8,9<\/td>\n | 2,8<\/td>\n | \u2191<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\u0160pan\u011blsko<\/h2>\nInvestice<\/strong>. V roce 2015 investice do \u0161pan\u011blsk\u00fdch nemovitost\u00ed dos\u00e1hla maxima po krizi \u2014 13 miliard eur, co\u017e je o 25% v\u011bt\u0161\u00ed ve vztahu k roku 2014. Nicm\u00e9n\u011b v prvn\u00ed polovin\u011b roku 2016 v segmentu bylo investov\u00e1no 3,4 miliardy eur, co\u017e je o 20 % m\u00e9n\u011b ve srovn\u00e1n\u00ed se stejn\u00fdm obdob\u00edm p\u0159edchoz\u00edho roku. Po\u010det zahrani\u010dn\u00edch investor\u016f se zvy\u0161uje: v roce 2015 se pod\u00edl cizinc\u016f na trhu komer\u010dn\u00edch nemovitost\u00ed \u010dinil asi 50 %, v prvn\u00edm pololet\u00ed roku 2016 \u2014 ji\u017e 73 %.<\/p>\nKancel\u00e1\u0159e<\/strong>. V roce 2015 na tento sektor musel 43 % investic. Popt\u00e1vka po pron\u00e1jmu v Madridu a Barcelon\u011b byl nejvy\u0161\u0161\u00ed za posledn\u00edch 9 let. Nicm\u00e9n\u011b na trhu je st\u00e1le vysok\u00e1 m\u00edra neobsazenosti kancel\u00e1\u0159sk\u00fdch prostor: v Madridu na str\u00e1\u017ei 15,9 % kancel\u00e1\u0159\u00ed, v Barcelon\u011b \u2014 14 %, jejich v\u00fdnos v Madridu a Barcelon\u011b je 4,3 a 4,5 %, resp.<\/p>\nObchodov\u00e1n\u00ed nemovitost\u00ed<\/strong>. V roce 2015 do obchodn\u00edch center a komplex\u016f ve \u0160pan\u011blsku bylo investov\u00e1no 2,65 miliardy eur (rekord za 10 let). V\u00fdnos street-\u0440\u0435\u0442\u0435\u0439\u043b\u0430 je asi 4 %, n\u00e1kupn\u00edch komplex\u016f \u2014 5 %.<\/p>\nSklady<\/strong>. Popt\u00e1vka v Madridu a Barcelon\u011b p\u0159evy\u0161uje nab\u00eddku, a po\u010det pr\u00e1zdn\u00fdch objekt\u016f se rychle zmen\u0161uje. V\u00fdnos \u2014 asi 7 %.<\/p>\nBydlen\u00ed<\/strong>. Od roku 2007, kdy \u0161pan\u011blsk\u00fd trh dos\u00e1hl vrcholu, do roku 2015 (obdob\u00ed dna se po krizi) ubytov\u00e1n\u00ed ve \u0160pan\u011blsku levn\u011bj\u0161\u00ed o 43 %. Nejv\u011bt\u0161\u00edm potenci\u00e1lem r\u016fstu cen maj\u00ed trhy Barcelony a Madridu. V\u00fdnos byt\u016f \u2014 asi 5 %.<\/p>\n\n\n| Typ nemovitosti<\/th>\n | Pron\u00e1jem,
eur\/m2
za m\u011bs\u00edc<\/th>\n | Ro\u010dn\u00ed
dynamika
pron\u00e1jem, %<\/th>\n | Ceny
eur\/m2<\/th>\n | Ro\u010dn\u00ed
dynamika
ceny, %<\/th>\n | V\u00fdnos,
%<\/th>\n | P\u0159edpov\u011b\u010f
na 2016-2017<\/th>\n<\/tr>\n | \n\nMadrid<\/strong><\/td>\n<\/tr>\n\n| Kancel\u00e1\u0159e<\/th>\n | 16,7<\/td>\n | 3,2<\/td>\n | 4 705,9<\/td>\n | 19,0<\/td>\n | 4,3<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Street-\u0440\u0435\u0442\u0435\u0439\u043b<\/th>\n | 204,0<\/td>\n | 4,1<\/td>\n | 65 280,0<\/td>\n | 18,0<\/td>\n | 3,8<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| N\u00e1kupn\u00ed komplexy<\/th>\n | 35,3<\/td>\n | 0,4<\/td>\n | 8 479,2<\/td>\n | 0,4<\/td>\n | 5,0<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Sklady<\/th>\n | 4,9<\/td>\n | 3,5<\/td>\n | 861,3<\/td>\n | 5,8<\/td>\n | 6,9<\/td>\n | \u2193<\/td>\n<\/tr>\n | \n| Byt (dlouhodob\u00fd pron\u00e1jem)<\/th>\n | 11,8<\/td>\n | 9,6<\/td>\n | 2 751,0<\/td>\n | 1,7<\/td>\n | 5,1<\/td>\n | \u2191<\/td>\n<\/tr>\n | \nBarcelona<\/strong><\/td>\n<\/tr>\n\n| Kancel\u00e1\u0159e<\/th>\n | 13,3<\/td>\n | 13,9<\/td>\n | 3 555,6<\/td>\n | 31,6<\/td>\n | 4,5<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Street-\u0440\u0435\u0442\u0435\u0439\u043b<\/th>\n | 220,0<\/td>\n | 1,9<\/td>\n | 70 400,0<\/td>\n | 15,5<\/td>\n | 3,8<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| N\u00e1kupn\u00ed komplexy<\/th>\n | 36,8<\/td>\n | 0,0<\/td>\n | 8 832,0<\/td>\n | 0,0<\/td>\n | 5,0<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Sklady<\/th>\n | 4,9<\/td>\n | 3,5<\/td>\n | 861,3<\/td>\n | 9,5<\/td>\n | 6,9<\/td>\n | \u2193<\/td>\n<\/tr>\n | \n| Byt (dlouhodob\u00fd pron\u00e1jem)<\/th>\n | 13,9<\/td>\n | 17,6<\/td>\n | 3 518,0<\/td>\n | 5,4<\/td>\n | 4,7<\/td>\n | \u2191<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nUSA<\/h2>\nInvestice<\/strong>. Podle JLL, od roku 2009 do 2015 letech investice do americk\u00fdch komer\u010dn\u00edch nemovitost\u00ed rostly p\u0159ibli\u017en\u011b o 20-25 % ro\u010dn\u011b. V prvn\u00ed polovin\u011b roku 2016. stolet\u00ed se do tohoto segmentu bylo investov\u00e1no 108 miliard eur, o 16 % m\u00e9n\u011b ve vztahu k roku 2015. Komer\u010dn\u00ed trh s nemovitostmi v USA z\u016fst\u00e1v\u00e1 nejv\u011bt\u0161\u00ed na sv\u011bt\u011b.<\/p>\nKancel\u00e1\u0159e<\/strong>. Pod\u00edl neobsazen\u00fdch prostor se zmen\u0161uje, pron\u00e1jem dra\u017e\u0161\u00ed, v\u00fdnos kles\u00e1 na v\u011bt\u0161in\u011b (72 %) trh\u016f. Prostory p\u0159in\u00e1\u0161ej\u00ed v pr\u016fm\u011bru o 4,4 % ro\u010dn\u011b.<\/p>\nObchodov\u00e1n\u00ed nemovitost\u00ed<\/strong>. V Miami, New Yorku a San Franciscu na str\u00e1\u017ei 2-3 % prostor, kvalitn\u00ed nab\u00eddky chyb\u00ed. Pod\u00edl pr\u00e1zdn\u00fdch prostor v prvn\u00ed polovin\u011b roku 2016 m\u011bla tendenci ke zv\u00fd\u0161en\u00ed. Pr\u016fm\u011brn\u00fd v\u00fdnos \u2014 4,6 %.<\/p>\nSklady<\/strong>. Podle pr\u016fzkumu spole\u010dnosti PwC, sklady \u2014 nejv\u00edce perspektivn\u00ed segment komer\u010dn\u00edch nemovitost\u00ed na trhu v USA v roce 2016. Jedn\u00edm z hlavn\u00edch rizik zde \u2014 opot\u0159eben\u00ed prostor, tak jak polovina t\u011bchto za\u0159\u00edzen\u00ed ve spojen\u00fdch St\u00e1tech postaveny v roce 1980 letech \u010di d\u0159\u00edve. Pod\u00edl pr\u00e1zdn\u00fdch prostor\u016f v tomto sektoru kles\u00e1, n\u00e1jemn\u00e9, dra\u017e\u0161\u00ed, v\u00fdnos kles\u00e1. Sklady v USA p\u0159in\u00e1\u0161ej\u00ed v pr\u016fm\u011bru 5 % ro\u010dn\u011b.<\/p>\nBydlen\u00ed<\/strong>. Bytov\u00e9 domy \u2014 nejsiln\u011bj\u0161\u00ed a stabiln\u00ed sektor komer\u010dn\u00edch nemovitost\u00ed v USA. V roce 2015 se objekty tohoto typu p\u0159itahuje 30 % investice. Podle stavu na rok 2016, ceny v USA je\u0161t\u011b o 5% pod vrcholem z roku 2007, Miami \u2014 22 %. S\u00e1m stoj\u00ed za New York, kde d\u016fm stoj\u00ed na 13 % dra\u017e\u0161\u00ed ve vztahu k roku 2007. Pr\u016fm\u011brn\u00fd v\u00fdnos reziden\u010dn\u00edch nemovitost\u00ed v USA \u2014 4,4 %.<\/p>\n\n\n| Typ nemovitosti<\/th>\n | Pron\u00e1jem,
eur\/m2
za m\u011bs\u00edc<\/th>\n | Ro\u010dn\u00ed
dynamika
pron\u00e1jem, %<\/th>\n | Ceny
eur\/m2<\/th>\n | Ro\u010dn\u00ed
dynamika
ceny, %<\/th>\n | V\u00fdnos,
%<\/th>\n | P\u0159edpov\u011b\u010f
na 2016-2017<\/th>\n<\/tr>\n | \n\nNew York<\/strong><\/td>\n<\/tr>\n\n| Kancel\u00e1\u0159e<\/th>\n | 50,2<\/td>\n | 5,6<\/td>\n | 14 178,8<\/td>\n | 11,8<\/td>\n | 4,3<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Street-\u0440\u0435\u0442\u0435\u0439\u043b<\/th>\n | 450,0<\/td>\n | 4,7<\/td>\n | 154 285,7<\/td>\n | 12,2<\/td>\n | 3,5<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| N\u00e1kupn\u00ed komplexy<\/th>\n | 51,0<\/td>\n | 5,4<\/td>\n | 10 633,0<\/td>\n | 10,0<\/td>\n | 5,8<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Sklady<\/th>\n | 4,8<\/td>\n | 6,4<\/td>\n | 1 049,8<\/td>\n | 13,6<\/td>\n | 5,5<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Byt (dlouhodob\u00fd pron\u00e1jem)<\/th>\n | 40,9<\/td>\n | 3,9<\/td>\n | 14 009,2<\/td>\n | 7,0<\/td>\n | 3,5<\/td>\n | \u2191<\/td>\n<\/tr>\n | \nMiami<\/strong><\/td>\n<\/tr>\n\n| Kancel\u00e1\u0159e<\/th>\n | 13,0<\/td>\n | 7,0<\/td>\n | 3 473,3<\/td>\n | 18,9<\/td>\n | 4,5<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Street-\u0440\u0435\u0442\u0435\u0439\u043b<\/th>\n | 200,0<\/td>\n | 1,8<\/td>\n | 61 935,5<\/td>\n | 18,2<\/td>\n | 3,9<\/td>\n | ↔<\/td>\n<\/tr>\n | \n| N\u00e1kupn\u00ed komplexy<\/th>\n | 68,2<\/td>\n | 4,4<\/td>\n | 14 237,2<\/td>\n | 8,9<\/td>\n | 5,8<\/td>\n | ↔<\/td>\n<\/tr>\n | \n| Sklady<\/th>\n | 6,2<\/td>\n | 0,4<\/td>\n | 1 273,9<\/td>\n | 4,7<\/td>\n | 5,9<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Byt (dlouhodob\u00fd pron\u00e1jem)<\/th>\n | 16,1<\/td>\n | 7,2<\/td>\n | 2 907,0<\/td>\n | 5,7<\/td>\n | 4,0<\/td>\n | \u2191<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nFrancie<\/h2>\nInvestice<\/strong>. Objem investic do komer\u010dn\u00edch nemovitost\u00ed ve Francii v roce 2015 dos\u00e1hl osm-rok vysok\u00e9 \u2014 26 miliard eur. V prvn\u00ed polovin\u011b roku 2016. stolet\u00ed se v takov\u00e9 objekty zde bylo investov\u00e1no 9,1 miliard eur, o 16 % v\u00edce, ne\u017e za stejn\u00e9 obdob\u00ed roku 2015. R\u016fst investic je zp\u016fsoben t\u00edm, \u017ee byly uzav\u0159eny t\u0159i dohody v hodnot\u011b v\u00edce ne\u017e 500 milion\u016f euro. Asi t\u0159etina investor\u016f na francouzsk\u00e9m trhu \u2014 cizinci.<\/p>\nKancel\u00e1\u0159e<\/strong>. Kvalitativn\u00ed vlastnosti chyb\u00ed, popt\u00e1vka p\u0159evy\u0161uje nab\u00eddku, ceny v\u00fdnosy maj\u00ed tendenci k oslaben\u00ed. Kancel\u00e1\u0159e v pr\u00e9miov\u00e9m segmentu p\u0159in\u00e1\u0161ej\u00ed v pr\u016fm\u011bru 3,25 % ro\u010dn\u011b.<\/p>\nObchodov\u00e1n\u00ed nemovitost\u00ed<\/strong>. Ve Francii se stav\u00ed m\u00e1lo n\u00e1kupn\u00edch m\u00edst, a \u017ee nov\u00fd n\u00e1vrh je vytvo\u0159en hlavn\u011b kv\u016fli \u0440\u0435\u0434\u0435\u0432\u0435\u043b\u043e\u043f\u043c\u0435\u043d\u0442\u0430. M\u00edra ziskovosti jsou na historick\u00e9m minimu (asi 3 % pro objekty ulice-\u0440\u0435\u0442\u0435\u0439\u043b\u0430 v Pa\u0159\u00ed\u017ei).<\/p>\nSklady<\/strong>. Investice v tomto sektoru jsou mal\u00e9 a tvo\u0159\u00ed jen 3 % z celkov\u00e9ho objemu investic. Popt\u00e1vka p\u0159evy\u0161uje nab\u00eddku, ceny v\u00fdnosy maj\u00ed tendenci k oslaben\u00ed. Sklady p\u0159in\u00e1\u0161ej\u00ed v pr\u016fm\u011bru o 6 % ro\u010dn\u011b.<\/p>\nBydlen\u00ed<\/strong>. Francouzsk\u00fd trh s bydlen\u00edm je relativn\u011b v pohod\u011b sn\u00e1\u0161\u00ed obdob\u00ed krize. Ro\u010dn\u00ed dynamika cen je v rozmez\u00ed od -2 do +2 %. V I \u010dtvrtlet\u00ed roku 2016, ceny byly o 8% ni\u017e\u0161\u00ed ve vztahu k pico III \u010dtvrtlet\u00ed roku 2011. V\u00fdnos na bydlen\u00ed \u2014 cca 3-4 %.<\/p>\n\n\n| Typ nemovitosti<\/th>\n | Pron\u00e1jem,
eur\/m2
za m\u011bs\u00edc<\/th>\n | Ro\u010dn\u00ed
dynamika
pron\u00e1jem, %<\/th>\n | Ceny
eur\/m2<\/th>\n | Ro\u010dn\u00ed
dynamika
ceny, %<\/th>\n | V\u00fdnos,
%<\/th>\n | P\u0159edpov\u011b\u010f
na 2016-2017<\/th>\n<\/tr>\n | \n\nPa\u0159\u00ed\u017e<\/strong><\/td>\n<\/tr>\n\n| Kancel\u00e1\u0159e<\/th>\n | 52,7<\/td>\n | 0,4<\/td>\n | 16 853,3<\/td>\n | 10,4<\/td>\n | 3,8<\/td>\n | \u2193<\/td>\n<\/tr>\n | \n| Street-\u0440\u0435\u0442\u0435\u0439\u043b<\/th>\n | 885,0<\/td>\n | 0,0<\/td>\n | 354 000,0<\/td>\n | 16,7<\/td>\n | 3,0<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| N\u00e1kupn\u00ed komplexy<\/th>\n | 166,7<\/td>\n | 0,0<\/td>\n | 50 001,0<\/td>\n | 12,5<\/td>\n | 4,0<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Sklady<\/th>\n | 4,6<\/td>\n | 1,9<\/td>\n | 947,6<\/td>\n | 18,6<\/td>\n | 5,8<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Byt (dlouhodob\u00fd pron\u00e1jem)<\/th>\n | 26,2<\/td>\n | -0,8<\/td>\n | 8 543,5<\/td>\n | 0,9<\/td>\n | 3,7<\/td>\n | \u2191<\/td>\n<\/tr>\n | \nLyon<\/strong><\/td>\n<\/tr>\n\n| Kancel\u00e1\u0159e<\/th>\n | 18,0<\/td>\n | 0,0<\/td>\n | 4 500,0<\/td>\n | 14,6<\/td>\n | 4,8<\/td>\n | \u2193<\/td>\n<\/tr>\n | \n| Street-\u0440\u0435\u0442\u0435\u0439\u043b<\/th>\n | 175,0<\/td>\n | 4,3<\/td>\n | 52 500,0<\/td>\n | 17,3<\/td>\n | 4,0<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| N\u00e1kupn\u00ed komplexy<\/th>\n | 126,0<\/td>\n | 15,4<\/td>\n | 43 200,0<\/td>\n | 23,6<\/td>\n | 3,5<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Sklady<\/th>\n | 3,9<\/td>\n | 0,0<\/td>\n | 784,0<\/td>\n | 12,5<\/td>\n | 6,0<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Byt (dlouhodob\u00fd pron\u00e1jem)<\/th>\n | 11,7<\/td>\n | -2,3<\/td>\n | 3 052,2<\/td>\n | 0,4<\/td>\n | 4,6<\/td>\n | \u2191<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\u010cesk\u00e1 republika<\/h2>\nInvestice<\/strong>. V prvn\u00ed polovin\u011b roku 2016 investice do komer\u010dn\u00edch nemovitost\u00ed v \u010cesku poklesly o 29 % na 956 milion\u016f eur. Nicm\u00e9n\u011b v\u00fd\u0161e investovan\u00fdch do segmentu finan\u010dn\u00edch prost\u0159edk\u016f na 39 % nad pr\u016fm\u011brem za posledn\u00edch 10 let.<\/p>\nKancel\u00e1\u0159e<\/strong>. Popt\u00e1vka p\u0159evy\u0161uje nab\u00eddku, ceny v\u00fdnosy maj\u00ed tendenci k oslaben\u00ed. V Praze nej\u017e\u00e1dan\u011bj\u0161\u00ed kancel\u00e1\u0159e t\u0159\u00eddy „A“. Na str\u00e1\u017ei 14,6 % prostor. Pr\u016fm\u011brn\u00e1 m\u00edra v\u00fdnosu je v pr\u00e9miov\u00e9m segmentu \u2014 5,5 %.<\/p>\nObchodov\u00e1n\u00ed nemovitost\u00ed<\/strong>. Jak a v kancel\u00e1\u0159i trhu, v sektoru maloobchodn\u00edch nemovitost\u00ed tak\u00e9 popt\u00e1vka p\u0159evy\u0161uje nab\u00eddku a m\u00edra ziskovosti maj\u00ed tendenci k oslaben\u00ed. Pr\u016fm\u011brn\u00fd v\u00fdnos objekt\u016f street-\u0440\u0435\u0442\u0435\u0439\u043b\u0430 v pr\u00e9miov\u00e9m segmentu \u2014 5,25 %.<\/p>\nSklady<\/strong>. Voln\u00e9 plochy klesl na p\u011btilet\u00e9 minimum (5 %) a vy\u0161\u0161\u00ed popt\u00e1vka paliva spekulativn\u00ed v\u00fdstavba. Pr\u016fm\u011brn\u00fd v\u00fdnos kvalitn\u00edch sklad\u016f \u2014 6,5 %.<\/p>\nBydlen\u00ed<\/strong>. Ceny byt\u016f v \u010cr dos\u00e1hly sv\u00e9ho dna v roce 2013 a od t\u00e9 doby rostou. V roce 2015 se zv\u00fd\u0161il na 4,5 %. Asi 40 % prodan\u00fdch v roce 2015 v Praze obytn\u00fdch objekt\u016f \u2014 jedn\u00e1 se o byt s jednou lo\u017enic\u00ed. Bydlen\u00ed v \u010desk\u00e9 metropoli p\u0159in\u00e1\u0161\u00ed v pr\u016fm\u011bru 3,7 % ro\u010dn\u011b.<\/p>\n\n\n| Typ nemovitosti<\/th>\n | Pron\u00e1jem,
eur\/m2
za m\u011bs\u00edc<\/th>\n | Ro\u010dn\u00ed
dynamika
pron\u00e1jem, %<\/th>\n | Ceny
eur\/m2<\/th>\n | Ro\u010dn\u00ed
dynamika
ceny, %<\/th>\n | V\u00fdnos,
%<\/th>\n | P\u0159edpov\u011b\u010f
na 2016-2017<\/th>\n<\/tr>\n | \n\nPraha<\/strong><\/td>\n<\/tr>\n\n| Kancel\u00e1\u0159e<\/th>\n | 15,2<\/td>\n | 2,6<\/td>\n | 3 172,2<\/td>\n | 11,5<\/td>\n | 5,8<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Street-\u0440\u0435\u0442\u0435\u0439\u043b<\/th>\n | 160,0<\/td>\n | 8,1<\/td>\n | 45 176,5<\/td>\n | 20,8<\/td>\n | 4,3<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| N\u00e1kupn\u00ed komplexy<\/th>\n | 56,0<\/td>\n | 0,0<\/td>\n | 12 800,0<\/td>\n | 9,5<\/td>\n | 5,3<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Sklady<\/th>\n | 4,0<\/td>\n | 4,3<\/td>\n | 711,1<\/td>\n | 8,2<\/td>\n | 6,8<\/td>\n | ↔<\/td>\n<\/tr>\n | \n| Byt (dlouhodob\u00fd pron\u00e1jem)<\/th>\n | 9,2<\/td>\n | 17,1<\/td>\n | 3 027,0<\/td>\n | 4,5<\/td>\n | 3,7<\/td>\n | \u2193<\/td>\n<\/tr>\n | \nBrno<\/strong><\/td>\n<\/tr>\n\n| Kancel\u00e1\u0159e<\/th>\n | 10,7<\/td>\n | 8,3<\/td>\n | 1 551,5<\/td>\n | 14,9<\/td>\n | 8,3<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Street-\u0440\u0435\u0442\u0435\u0439\u043b<\/th>\n | 70,0<\/td>\n | 0,0<\/td>\n | 10 838,7<\/td>\n | 3,2<\/td>\n | 7,8<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| N\u00e1kupn\u00ed komplexy<\/th>\n | 45,0<\/td>\n | 2,6<\/td>\n | 6 967,7<\/td>\n | 9,2<\/td>\n | 7,8<\/td>\n | \u2191<\/td>\n<\/tr>\n | \n| Sklady<\/th>\n | 4,1<\/td>\n | 0,0<\/td>\n | 607,5<\/td>\n | 3,1<\/td>\n | 8,0<\/td>\n | ↔<\/td>\n<\/tr>\n | \n| Byt (dlouhodob\u00fd pron\u00e1jem)<\/th>\n | 6,7<\/td>\n | 10,8<\/td>\n | 1 807,0<\/td>\n | 4,5<\/td>\n | 4,4<\/td>\n | \u2193<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \u2022<\/p>\n P\u0159edpokl\u00e1d\u00e1 Cushman & Wakefield, v roce 2016 celkov\u00e9 investice do komer\u010dn\u00edch nemovitost\u00ed v EU (krom\u011b trhu spojen\u00e9ho Kr\u00e1lovstv\u00ed) bude o 10 % vy\u0161\u0161\u00ed, ne\u017e v roce 2015-m, a ve velk\u00e9 Brit\u00e1nii o 25 % ni\u017e\u0161\u00ed. Pokles aktivity investory ve Spojen\u00e9m Kr\u00e1lovstv\u00ed, m\u016f\u017ee b\u00fdt spojena s „\u0411\u0440\u0435\u043a\u0437\u0438\u0442\u043e\u043c“. Podle odhad\u016f JLL, objem investic na trhu v USA v roce 2016 klesne na 10-15 % meziro\u010dn\u011b. Hlavn\u00ed d\u016fvod \u2014 nedostatek zaj\u00edmav\u00fdch nab\u00eddek a makroekonomick\u00e1 nejistota.<\/p>\n Sazby v\u00fdnos\u016f na vysp\u011bl\u00fdch trz\u00edch v posledn\u00edch letech m\u011bla tendenci klesat z d\u016fvodu vysok\u00e9 popt\u00e1vky nemovitost\u00ed pr\u00e9miov\u00e9ho segmentu a rostouc\u00ed ceny. Odborn\u00edci o\u010dek\u00e1vaj\u00ed, \u017ee tento trend bude pokra\u010dovat i v letech 2016-2017. Sazby n\u00e1jemn\u00e9ho a ceny na objekty tak\u00e9 budou stoupat. Podle progn\u00f3z Standard & Poor ‚ s, nemovitosti podra\u017e\u00ed i ve velk\u00e9 Brit\u00e1nii, i p\u0159es „\u0411\u0440\u0435\u043a\u0437\u0438\u0442“: v roce 2016 r\u016fst dos\u00e1hne 5 %, a v roce 2017-m, ceny klesaj\u00ed o zhruba 2 %.<\/p>\n \n\n| \u00a0<\/th>\n | USA<\/th>\n | Velk\u00e1 brit\u00e1nie<\/th>\n | EU<\/th>\n<\/tr>\n | \n\nRo\u010dn\u00ed dynamika investic, %<\/strong><\/th>\n| \u221210\u201315<\/td>\n | -25<\/td>\n | +10<\/td>\n<\/tr>\n | \nV\u00fdnos<\/strong><\/th>\n| V leto\u0161n\u00edm roce klesnout, nebo z\u016fstane na stejn\u00e9 \u00farovni<\/td>\n | V leto\u0161n\u00edm roce klesnout v pr\u00e9miov\u00e9m segmentu, se zv\u00fd\u0161\u00ed v pr\u016fm\u011bru o cenov\u00e9m segmentu<\/td>\n | V leto\u0161n\u00edm roce klesnout v pr\u00e9miov\u00e9m segmentu, zv\u00fd\u0161\u00ed nebo z\u016fstane na stejn\u00e9 \u00farovni ve st\u0159edn\u00edm cenov\u00e9m segmentu<\/td>\n<\/tr>\n | \nCeny pron\u00e1jmu<\/strong><\/th>\n| Zv\u00fd\u0161\u00ed<\/td>\n | Budou zachov\u00e1ny na stejn\u00e9 \u00farovni v pr\u00e9miov\u00e9m segmentu<\/td>\n | Z\u016fstat na stejn\u00e9 \u00farovni nebo se zv\u00fd\u0161\u00ed<\/td>\n<\/tr>\n | \nPopt\u00e1vka ze strany n\u00e1jemc\u016f<\/strong><\/th>\n| Z\u016fstane na stejn\u00e9 \u00farovni nebo se zv\u00fd\u0161\u00ed<\/td>\n | Pokra\u010dovat na stejn\u00e9 \u00farovni, nebo m\u00e1 v leto\u0161n\u00edm roce klesnout<\/td>\n | Z\u016fstane na stejn\u00e9 \u00farovni nebo se zv\u00fd\u0161\u00ed<\/td>\n<\/tr>\n | \nCeny nemovitost\u00ed<\/strong><\/th>\n| \u2191<\/td>\n | \u2191<\/td>\n | \u2191<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Julia \u041a\u043e\u0436\u0435\u0432\u043d\u0438\u043a\u043e\u0432\u0430, Tranio<\/p>\n","protected":false},"excerpt":{"rendered":" Podle JLL, v prvn\u00ed polovin\u011b roku 2016 glob\u00e1ln\u00ed komer\u010dn\u00edch nemovitost\u00ed bylo investov\u00e1no p\u0159ibli\u017en\u011b 260 miliard eur, co\u017e je o 10<\/p>\n","protected":false},"author":1,"featured_media":468,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[133],"tags":[],"class_list":["post-968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-danove-informace-ve-francii"],"translation":{"provider":"WPGlobus","version":"3.0.0","language":"cs","enabled_languages":["ru","uk","en","de","fr","it","es","pl","pt","bg","cs","da","et","fi","hr","hu","lt","lv","mk","no","ro","sk","sl","sq","sr","tr","nl","am","ca","sv"],"languages":{"ru":{"title":false,"content":false,"excerpt":false},"uk":{"title":false,"content":false,"excerpt":false},"en":{"title":false,"content":false,"excerpt":false},"de":{"title":false,"content":false,"excerpt":false},"fr":{"title":false,"content":false,"excerpt":false},"it":{"title":false,"content":false,"excerpt":false},"es":{"title":false,"content":false,"excerpt":false},"pl":{"title":false,"content":false,"excerpt":false},"pt":{"title":false,"content":false,"excerpt":false},"bg":{"title":false,"content":false,"excerpt":false},"cs":{"title":true,"content":true,"excerpt":false},"da":{"title":false,"content":false,"excerpt":false},"et":{"title":false,"content":false,"excerpt":false},"fi":{"title":false,"content":false,"excerpt":false},"hr":{"title":false,"content":false,"excerpt":false},"hu":{"title":false,"content":false,"excerpt":false},"lt":{"title":false,"content":false,"excerpt":false},"lv":{"title":false,"content":false,"excerpt":false},"mk":{"title":false,"content":false,"excerpt":false},"no":{"title":false,"content":false,"excerpt":false},"ro":{"title":false,"content":false,"excerpt":false},"sk":{"title":false,"content":false,"excerpt":false},"sl":{"title":false,"content":false,"excerpt":false},"sq":{"title":false,"content":false,"excerpt":false},"sr":{"title":false,"content":false,"excerpt":false},"tr":{"title":false,"content":false,"excerpt":false},"nl":{"title":false,"content":false,"excerpt":false},"am":{"title":false,"content":false,"excerpt":false},"ca":{"title":false,"content":false,"excerpt":false},"sv":{"title":false,"content":false,"excerpt":false}}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/nalog.fr\/cs\/wp-json\/wp\/v2\/posts\/968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nalog.fr\/cs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nalog.fr\/cs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nalog.fr\/cs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nalog.fr\/cs\/wp-json\/wp\/v2\/comments?post=968"}],"version-history":[{"count":0,"href":"https:\/\/nalog.fr\/cs\/wp-json\/wp\/v2\/posts\/968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nalog.fr\/cs\/wp-json\/wp\/v2\/media\/468"}],"wp:attachment":[{"href":"https:\/\/nalog.fr\/cs\/wp-json\/wp\/v2\/media?parent=968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nalog.fr\/cs\/wp-json\/wp\/v2\/categories?post=968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nalog.fr\/cs\/wp-json\/wp\/v2\/tags?post=968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} 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