From almost nothing five years ago, the institutional residential property market has grown to the point where investors say housing is starting to challenge office buildings as a focus for their cash.
Radim Bajar, a partner at Czech investment group Mint Investments, said his 1.25 billion Czech crown fund was exploring projects in Prague, Brno and Plzen, with a goal to add 300 to 500 apartments to its portfolio next year. According to Eurostat data, Poland has an overcrowding rate - where homes lack enough rooms for the number of people in the household - of nearly 37%, compared to the European Union average of 17.5%.
"We will follow our strategy of investing in major Polish cities," G City Europe Managing Director, Residential for Rent Anna Dafna told Reuters. She said the company plans to launch a project to build 500 units in Warsaw in the first quarter of 2023.
If it's anything like what's happening in America with investors buying homes is a terrible idea that will drive up housing costs and homelessness.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: HoustonChron - 🏆 609. / 51 Read more »