The recovery of the property market of Central-Eastern Europe
11 February 2011
„The property markets of the Central-Eastern European countries started their recovery but not in the same growth rate.” –said John Duckworth CEO of Jones Lang LaSalle referring to the compny’s trimestrial City Report, which includes economical trends and actual information about the property investment, office, warehouse, retail and hotel market.
After the depth the property markets of Slovakia and the Czech Republic are getting stronger by the growing activity of the market players which proves their flexibility and maturity. The interest of the investors also reveals on the property market of Croatia. Growing interest of investors and steady basic features Poland’s property market, which has a leading rle int he region.
The property market of Romania is quite unsteady yet, but experts expect a boost during 2011-2012. Though the economy of Hungary started its recovery, the investors and companies are acting carefully because of the current political situation. This is discomposing and unforunate because the economy and the long-term perpectives offer outstanding opporunities for the experienced market players.
Source: iroda.hu
