Investments in real estate in Central and Eastern Europe grew in 2005 by 38%

Posted on Feb 15, 2012

Investing in property in Bulgaria, Hungary, Poland, Romania, Russia, Slovakia and the Czech Republic in 2005, up 38% compared to the previous year – to 5.8 billion euros from 4.19 billion, the newspaper The Wall Street Journal on citing data from consulting firm CB Richard Ellis.

Of the total funds invested in Hungary, Poland and the Czech Republic attracted 85.6%, with the share of Hungary had 17.4%, Poland – 48.7%, in the Czech Republic – 19.5%. Investments in office properties accounted for 44% of all real estate investments.

According to CB Richard Ellis, the real estate investment market in Russia in 2005 increased by 160% compared to 2004 – up to 235.37 million euros, reports “Interfax”. Investments in Poland grew by 95% – to about 2.920 billion euros. Czech Republic attracted about 1.168 billion euros (9%), Hungary – 1.041 billion euros (7%). At the same time, due to lack of facilities, for sale, real estate investment Slovakii declined last year by 26% – up to 240 million euros, while in Romania – 28%, to 167.7 million euros.

According to the head of the European branch of CB Richard Ellis, Andreas Ridder, to the top, the only limiting factor for real estate investment in Central and Eastern Europe will be a limited amount of real estate. “Our assessment is that investors expect this year to send to the region of about 20 billion euros, if they can find the object embedding,” – he said. Last year, in his view, investors have been willing to spend about 12 billion euros, and in 2004 – 6 billion euros.