Analysis: Investors eye a new market in Central Europe: homes for rent

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.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘They just take over’: Elon Musk companies upend rural stretch of Central TexasElon Musk’s SpaceX, Boring Company upend life in rural stretch of Central Texas: 'They just take over' The rural people quoted in this article probably voted for 4 more years of Abbott and Republican rule and can thank them for allowing corporations to ruin their lives. Throw some old bones in there... old Indian arrowheads... then call in the historical societies... 🤷🏽‍♂️. Its not that hard to stop construction Well, tbh there doesn't appear to be too many homes nearby for the noise to bother. But that's why he picked some bfe town in Texas, so he can just do what he wants with little oversight. I feel for the people who were already there.
Source: HoustonChron - 🏆 609. / 51 Read more »