Property Investment in CEE with Record Levels 2005
The investment is EUR 1 B greater than the prognoses of the US consulting company CB Richard Ellis Research's (CBRE).
The real estate investments for the period January-September 2005 equal the investments for the whole of 2004, which amounted to about EUR 4 B. EUR 1.6 B were invested in the third quarter of 2005.
The greatest portion of investments goes to office premises - 53% and retail premises - 38%. 9% of the investment capital was poured into industrial buildings.
9/10 of the investment was directed to the new EU member states: Poland (36%), the Czech Republic (30%) and Hungary (25%). The interest towards Russia, Romania and Bulgaria has increased.
A drop in the profitability of the real estate investments in the third quarter of 2005 in Poland and the Czech Republic has been reported.