{"id":2369,"date":"2020-02-13T17:45:57","date_gmt":"2020-02-13T14:45:57","guid":{"rendered":"http:\/\/nalog.fr\/skco-caka-europsky-obchodny-trh-nehnutelnosti-v-roku-2016-sucasne-trendy\/"},"modified":"2020-02-13T17:45:57","modified_gmt":"2020-02-13T14:45:57","slug":"skco-caka-europsky-obchodny-trh-nehnutelnosti-v-roku-2016-sucasne-trendy","status":"publish","type":"post","link":"https:\/\/nalog.fr\/sk\/skco-caka-europsky-obchodny-trh-nehnutelnosti-v-roku-2016-sucasne-trendy\/","title":{"rendered":"\u010co \u010dak\u00e1 Eur\u00f3psky obchodn\u00fd trh nehnute\u013enost\u00ed v roku 2016: s\u00fa\u010dasn\u00e9 trendy"},"content":{"rendered":"

Pod\u013ea analytikov Colliers, v roku 2016, invest\u00edcie do komer\u010dn\u00fdch nehnute\u013enost\u00ed v Eur\u00f3pe bude na\u010falej r\u00e1s\u0165. \u017de progn\u00f3za zapoji\u0165 odborn\u00edkov Savills, ktor\u00ed predpovedaj\u00fa rast v tomto segmente 3-5% vo vz\u0165ahu k roku 2015. V\u00fdskum inom trhu nehnute\u013enost\u00ed, JLL, zah\u0155\u0148a, okrem Eur\u00f3pe, na strednom V\u00fdchode a v Afrike a ukazuje, \u017ee celkov\u00fd objem Eur\u00f3pskej investi\u010dnej vo pren\u00e1jom nehnute\u013enost\u00ed zostan\u00fa na \u00farovni predch\u00e1dzaj\u00faceho roka.<\/p>\n

<\/i><\/p>\n

Najviac akt\u00edvny kupuj\u00faci komer\u010dn\u00fdch nehnute\u013enost\u00ed v Eur\u00f3pe v roku 2016 bud\u00fa investori z USA a \u00c1zie. Pod\u013ea poradenskej spolo\u010dnosti PwC, v\u00e4\u010d\u0161ina z nich (61 %) o\u010dak\u00e1va\u0165 dlhodob\u00e9 invest\u00edcie od 5 do 10 rokov, tak\u017ee t\u00ed, ktor\u00ed sa chyst\u00e1te k\u00fapi\u0165 nehnute\u013enos\u0165 v roku 2016, s ve\u013ekou pravdepodobnos\u0165ou ho preda\u0165, nie sk\u00f4r, ako 2021.<\/p>\n

Perspekt\u00edvne odvetvia<\/h2>\n

Pod\u013ea progn\u00f3zy Colliers, tak ako v predch\u00e1dzaj\u00facich rokoch, v\u00e4\u010d\u0161ina invest\u00edci\u00ed v roku 2016, bude pri\u0165ahova\u0165 office vlastnosti. Av\u0161ak, ostatn\u00e9 sektory sa udr\u017e\u00ed aj v dopytu.<\/p>\n

\u00daradov. <\/strong> V s\u00fa\u010dasnosti je priemern\u00fd podiel neobsaden\u00fdch kancel\u00e1rskych priestorov v Eur\u00f3pe je 8.4 %, dve tretiny z nich, pod\u013ea Savills, patria do star\u00e9ho Fondu. Na tomto z\u00e1klade je mo\u017en\u00e9 o\u010dak\u00e1va\u0165, \u017ee vysok\u00fd dopyt zo strany investorov bud\u00fa \u0165a\u017ei\u0165 z projektov Pridanej Hodnoty, ktorej podstatou \u2014 n\u00e1kup nehnute\u013enost\u00ed v nevyhovuj\u00facom stave pre renov\u00e1cie a predaj.<\/p>\n

Sklad nehnute\u013enost\u00ed. <\/strong> Objem on-line predaja v roku 2015 vzr\u00e1stol o 22 %, a v roku 2016 zv\u00fd\u0161i o pribli\u017ene rovnakej v\u00fd\u0161ke, resp. dopyt po sklady bude na\u010falej zvy\u0161ova\u0165. Pod\u013ea prieskumu Colliers v roku 2016 sklady bude najviac popul\u00e1rne po \u00faradu segment trhu, investorov z ve\u013ekej BRIT\u00c1NIE a z Afriky a na Bl\u00edzkom V\u00fdchode.<\/p>\n

Obchodn\u00e9 objekty. <\/strong> Bude najviac ziskov\u00e9 n\u00e1kupn\u00fdch centier v popul\u00e1rnych oblast\u00ed, v mest\u00e1ch s rastom popul\u00e1cie a turistick\u00fdch tokov (Lond\u00fdn, Par\u00ed\u017e, Mn\u00edchov, Madrid, Berl\u00edn). Pod\u013ea Colliers prieskum, 41 % investorov z kontinent\u00e1lnej Eur\u00f3py do roku 2016 bude vybra\u0165 invest\u00edcie v n\u00e1kupn\u00fdch centier.<\/p>\n

B\u00fdvanie<\/strong>. Obytn\u00e9 (domovoch d\u00f4chodcov, \u0161tudentsk\u00e9 apartm\u00e1ny, \u0161t\u00fadi\u00e1) sa bude \u010doraz viac sa pou\u017ei\u0165 ako n\u00e1stroj diverzifik\u00e1cie portf\u00f3lia komer\u010dn\u00fdch vlastnosti a je popul\u00e1rny najm\u00e4 v BRIT\u00c1NII, Nemecku a Franc\u00fazsku. Teda, pod\u013ea \u0161t\u00fadie PwC, 60 % respondentov v apartm\u00e1ny a \u0161tudentsk\u00e9 apartm\u00e1ny nie s\u00fa alternat\u00edvny investi\u010dn\u00fd n\u00e1stroj, a hlavn\u00fd predmet invest\u00edcie.<\/p>\n

Pozemky. <\/strong> Pod\u013ea prieskumu PwC, 48 % investorov s\u00fahlasi\u0165 s tvrden\u00edm, \u017ee objekty v premium miestach sa prece\u0148uje, a 52% respondentov sa domnievaj\u00fa, \u017ee n\u00e1kup pozemkov pre v\u00fdstavbu je cenovo dostupn\u00fd sp\u00f4sob, ako na k\u00fapu nehnute\u013enosti v drah\u00fdch trhoch. Okrem toho, tak\u00e1to politika investor je sp\u00f4sob, ako zv\u00fd\u0161i\u0165 v\u00fdnos, ktor\u00fd m\u00e1 tendenciu k poklesu v bohatej oblasti ve\u013ek\u00fdch Eur\u00f3pskych mest\u00e1ch.<\/p>\n

Pod\u013ea prieskumu PwC, v roku 2016, investori n\u00e1js\u0165 najs\u013eubnej\u0161\u00edch invest\u00edcie do ulice maloobchod a domovoch d\u00f4chodcov. Pod\u013ea respondentov, v bl\u00edzkej bud\u00facnosti tieto typy vlastn\u00edctva prinesie najvy\u0161\u0161iu vr\u00e1ti\u0165.<\/p>\n

<\/i><\/p>\n

V ktorom trhy investova\u0165<\/h2>\n

Pod\u013ea webovej str\u00e1nky, Obchodnej Ekonomiky, v roku 2016 v\u00e4\u010d\u0161ina bude rast cien nehnute\u013enost\u00ed v Turecku (+12.7 percent). Zv\u00fd\u0161enie ceny viac ako 4% sa o\u010dak\u00e1va, \u017ee aj v BRIT\u00c1NII, Taliansku a Nemecku.<\/p>\n

V dlhodobom horizonte, od roku 2016 do roku 2020, bude najdrah\u0161\u00edch polo\u017eiek v Turecku (59 %), Taliansko a Nemecko (nad 20 %). Zv\u00fd\u0161enie o viac ako 15 % projektovan\u00fdch v Gr\u00e9cku, Franc\u00fazsku, ve\u013ekej BRIT\u00c1NII a Rak\u00fasku.<\/p>\n

Medzi p\u00e1du trhov bude Chorv\u00e1tska, Bulharska a \u010ciernej hory. Negat\u00edvne progn\u00f3zy Obchodovanie Ekonomiky vo vz\u0165ahu k t\u00fdmto \u0161t\u00e1tom vzh\u013eadom na slab\u0161ie ekonomiky v regi\u00f3ne vz\u0165ahu k Z\u00e1padnej Eur\u00f3pe, a tie\u017e skuto\u010dnos\u0165, \u017ee po\u010das kr\u00edzy investorov s\u00fa zameran\u00e9 na viac stabiln\u00fdch trhov, vr\u00e1tane ve\u013ekej BRIT\u00c1NIE a Nemecka.<\/p>\n<\/p>\n

Progn\u00f3zy dynamiky cien nehnute\u013enost\u00ed, %
\nZdroj: anal\u00fdza Tranio na z\u00e1klade \u00fadajov z Obchodn\u00e9ho Ekonomika<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Krajina<\/th>\nI-IV \u0161tvrtiny
\n2016<\/th>\n		S prv\u00fdm \u0161tvr\u0165rokom roku 2016
\n2020<\/th>\n<\/tr>\n
Turecko<\/th>\n12,7<\/td>\n59,3<\/td>\n<\/tr>\n
Taliansko<\/th>\n5,3<\/td>\n23,2<\/td>\n<\/tr>\n
Nemecko<\/th>\n4,8<\/td>\n22,4<\/td>\n<\/tr>\n
Gr\u00e9cko<\/th>\n-5,5<\/td>\n16,7<\/td>\n<\/tr>\n
Franc\u00fazsko<\/th>\n2,9<\/td>\n16,7<\/td>\n<\/tr>\n
UK<\/th>\n6,5<\/td>\n15,9<\/td>\n<\/tr>\n
Rak\u00fasko<\/th>\n3,6<\/td>\n15,3<\/td>\n<\/tr>\n
Cyprus<\/th>\n3,3<\/td>\n4,8<\/td>\n<\/tr>\n
\u0160panielsko<\/th>\n0,8<\/td>\n2,7<\/td>\n<\/tr>\n
\u0160vaj\u010diarsko<\/th>\n0,9<\/td>\n2,6<\/td>\n<\/tr>\n
Portugalsko<\/th>\n1,2<\/td>\n1,5<\/td>\n<\/tr>\n
F\u00ednsko<\/th>\n-0,9<\/td>\n\u2014<\/td>\n<\/tr>\n
Slovinsko<\/th>\n-0,7<\/td>\n-0,2<\/td>\n<\/tr>\n
Ma\u010farsko<\/th>\n-0,8<\/td>\n-0,5<\/td>\n<\/tr>\n
Loty\u0161sko<\/th>\n-0,8<\/td>\n-0,8<\/td>\n<\/tr>\n
\u010cesk\u00e1 Republika<\/th>\n-1,9<\/td>\n-0,9<\/td>\n<\/tr>\n
Chorv\u00e1tsko<\/th>\n-0,7<\/td>\n-1,2<\/td>\n<\/tr>\n
Bulharsko<\/th>\n-1,1<\/td>\n-1,7<\/td>\n<\/tr>\n
\u010cierna hora<\/th>\n-3,5<\/td>\n-2,2<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Ako na trhoch jednotliv\u00fdch mest\u00e1ch, pod\u013ea prieskumu PwC, najv\u00e4\u010d\u0161\u00ed potenci\u00e1l rastu cien a pren\u00e1jom sadzieb v roku 2016 bude mest\u00e1ch Severnej Eur\u00f3py a trhy, ned\u00e1vno sa konala spodnej \u010dasti cyklu (Madride, Lisabone, Milan). Teda, pod\u013ea analytikov Colliers, najviac invest\u00edci\u00ed dostane tradi\u010dne popul\u00e1rne trhy \u2014 Lond\u00fdn, Par\u00ed\u017e a „big sedem“ Nemecko.<\/p>\n

Prieskum investorov realizovala spolo\u010dnos\u0165 PwC, odhalila, \u017ee v tomto roku v\u00e4\u010d\u0161ina respondentov ver\u00ed, \u017ee najs\u013eubnej\u0161\u00edch invest\u00edci\u00ed do nehnute\u013enost\u00ed z Berl\u00edna. V roku 2015, spolu s Par\u00ed\u017e, hlavn\u00e9 mesto Nemecka umiestnila na druhom mieste v Eur\u00f3pe, pokia\u013e ide o pri\u0165ahuje invest\u00edcie (10 mili\u00e1rd eur). Analytici sa domnievaj\u00fa, \u017ee v roku 2016 v Berl\u00edne bude r\u00e1s\u0165 a objem invest\u00edci\u00ed, a n\u00e1jomn\u00e9ho a ceny. Medzi d\u00f4vody, pre vzostup relat\u00edvne n\u00edzku hustotu a ve\u013ek\u00fa kapacitu na realiz\u00e1ciu stavebn\u00fdch projektov, nezvy\u010dajne vysok\u00fd dopyt na pren\u00e1jom kancel\u00e1rie v\u00fdvoja technol\u00f3gie sektor (za\u010d\u00ednaj\u00face podniky, potenci\u00e1lnych n\u00e1jomcov bytov) a ve\u013ek\u00fd pr\u00edliv pris\u0165ahovalcov.<\/p>\n<\/p>\n

Top 10 najs\u013eubnej\u0161\u00edch miest pre invest\u00edcie do nehnute\u013enost\u00ed v roku 2016
\nZdroj: PwC<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n
1<\/td>\nBerl\u00edn<\/td>\n<\/tr>\n
2<\/td>\nHamburg<\/td>\n<\/tr>\n
3<\/td>\nDublin<\/td>\n<\/tr>\n
4<\/td>\nMadrid<\/td>\n<\/tr>\n
5<\/td>\nV kodani<\/td>\n<\/tr>\n
6<\/td>\nBirmingham<\/td>\n<\/tr>\n
7<\/td>\nLisabon<\/td>\n<\/tr>\n
8<\/td>\nMilan<\/td>\n<\/tr>\n
9<\/td>\nAmsterdam<\/td>\n<\/tr>\n
10<\/td>\nMn\u00edchov<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Okrem Berl\u00edna, v top 10 z najs\u013eubnej\u0161\u00edch miest pre invest\u00edcie v roku 2016, obsahuje dva nemeck\u00e9 mest\u00e1 \u2014 Hamburgu a Mn\u00edchove.<\/p>\n

\u2022<\/p>\n

V roku 2016 Tranio odpor\u00fa\u010da:<\/p>\n

    \n
  • vyberte n\u00edzke riziko invest\u00edci\u00ed, a to, n\u00e1kup objektov na stabiln\u00e9 a osved\u010dila sa trhoch, medzi ktor\u00e9 patr\u00ed Rak\u00fasko, ve\u013ek\u00e1 BRIT\u00c1NIA a Nemecko;<\/li>\n
  • nie chase vysok\u00e9 v\u00fdnosy, ale zamera\u0165 sa na zachovanie kapit\u00e1lu;<\/li>\n
  • odpor\u00fa\u010dame, aby projekty Pridan\u00e1 Hodnota (m) len pre profesion\u00e1lnych investorov;<\/li>\n
  • pri k\u00fape komer\u010dn\u00fdch nehnute\u013enost\u00ed vyberte objekty, ktor\u00e9 maj\u00fa dlhodob\u00e9 pren\u00e1jmy v r\u00e1mci ktor\u00e9ho maxim\u00e1lny prev\u00e1dzkov\u00e9 n\u00e1klady, ktor\u00e9 bud\u00fa zalo\u017een\u00e9 na n\u00e1jomcu;<\/li>\n
  • spo\u013eahnite sa na dlhodob\u00e9 invest\u00edcie (10 a viac rokov).<\/li>\n<\/ul>\n

    Yulia Kozhevnikova, Tranio<\/p>\n","protected":false},"excerpt":{"rendered":"

    Pod\u013ea analytikov Colliers, v roku 2016, invest\u00edcie do komer\u010dn\u00fdch nehnute\u013enost\u00ed v Eur\u00f3pe bude na\u010falej r\u00e1s\u0165. \u017de progn\u00f3za zapoji\u0165 odborn\u00edkov Savills,<\/p>\n","protected":false},"author":1,"featured_media":468,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[152],"tags":[],"class_list":["post-2369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-danove-informacie-vo-francuzsku"],"translation":{"provider":"WPGlobus","version":"3.0.0","language":"sk","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":false,"content":false,"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":true,"content":true,"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\/sk\/wp-json\/wp\/v2\/posts\/2369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nalog.fr\/sk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nalog.fr\/sk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nalog.fr\/sk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nalog.fr\/sk\/wp-json\/wp\/v2\/comments?post=2369"}],"version-history":[{"count":0,"href":"https:\/\/nalog.fr\/sk\/wp-json\/wp\/v2\/posts\/2369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nalog.fr\/sk\/wp-json\/wp\/v2\/media\/468"}],"wp:attachment":[{"href":"https:\/\/nalog.fr\/sk\/wp-json\/wp\/v2\/media?parent=2369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nalog.fr\/sk\/wp-json\/wp\/v2\/categories?post=2369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nalog.fr\/sk\/wp-json\/wp\/v2\/tags?post=2369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}