{"id":1004172258,"date":"2017-04-10T05:50:40","date_gmt":"2017-04-10T13:50:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004172258"},"modified":"2022-12-04T13:28:02","modified_gmt":"2022-12-04T21:28:02","slug":"cre-investment-trends-in-central-eastern-europe","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cre-investment-trends-in-central-eastern-europe\/","title":{"rendered":"What\u2019s Ahead for CRE Investment in Eastern Europe?"},"content":{"rendered":"

By Scott Baltic<\/em><\/p>\n

\"Mark<\/a>

Mark Robinson, Colliers senior researcher, Central Eastern Europe<\/p><\/div>\n

Commercial real estate investment in Central Eastern Europe (CEE) will far surpass 2016\u2019s record, with more diversity than ever among investment sources, predicts the inaugural report on the six-nation region by Colliers International and global law firm CMS.<\/p>\n

The CEE Real Estate Investment Compass 2017 examines key trends in the CRE market in Bulgaria, Czech Republic, Hungary, Poland, Slovakia and Romania over the last five years and suggests what\u2019s likely to be coming up through the rest of 2017.<\/p>\n

In 2016, a then record-breaking \u20ac12.2 billion ($12.9 billion) was invested in the real estate sector in the CEE region. But that\u2019s likely to be surpassed this year, based in part on a first-quarter estimate of \u20ac2.3 billion ($2.4 billion) invested, which is a 41 percent and a 45 percent increase over Q1 2016 and Q1 2015, respectively.<\/p>\n

\u201cThe growing maturity of the CEE region may help combat the specific risks affecting Western Europe, that of \u2018Brexit\u2019 and its reverberations, which may unfold further in 2017. Brexit\u2019s full consequences are not yet known and some might even end up as a positive for CEE,\u201d<\/em> Mark Robinson, Colliers senior researcher, CEE, said in a prepared statement.<\/p>\n

The targets of investment are changing in a big way. In 2012, Poland was the destination of choice, getting 69.6 percent, but by 2016 that had dropped to 37.8 percent, while Czech Republic doubled, to 31.5 percent. And based on the estimated Q1 2017 figures, Czech Republic has received 62 percent of the total real estate investment in CEE this year.<\/p>\n

\"\"<\/a>Driven by higher returns and solid prospects for rental growth in CEE, capital flows from Western Europe and the United States are expected to continue at a similar level to the \u20ac4.9 billion ($5.2 billion) reached in 2016.<\/p>\n

But sources of investment flows into the CEE region are also expected to remain diverse in 2017, with Asian and homegrown investors becoming increasingly active there. Preliminary indications reportedly suggest significant local investor activity in Hungary and the Czech Republic and the entry of Thai investors into Czech Republic and Poland.<\/p>\n

At 22 percent, Western Europe remained the main source of investment in the CEE real estate market in 2016, but inflows of South Africa (20 percent) and Asia (16 percent) were nearly as significant.<\/p>\n

At this stage, there\u2019s nothing to suggest that U.K. companies looking to make investments in CEE are holding back as a result of Brexit, though some London-based companies have said they would reconsider locations outside of the U.K. for some parts of their operations, \u201cBrexit therefore may have some positive effects on the investment volume in real estate in Central and Western Europe, in particular in Germany, Belgium, France, Poland and non-Eurozone Nordics,\u201d<\/em>\u00a0Mark Heighton, Head of UK Real Estate for CMS, said in a prepared statement.<\/p>\n

Cross-border and domestic flows within CEE have more than doubled in the last five years, reaching \u20ac2.6 billion ($2.75 billion) in 2016. The Slovak and Czech markets were both the largest origins and destinations of CEE cross-border flow in the past five years, while lately Hungary\u2019s domestic flows have been growing most rapidly.<\/p>\n

\u201cThe further distance we get from 1989, the more developed the CEE markets become and the less reliant on outside investors we are,\u201d<\/em> Wojciech Koczara, a partner at CMS, added.<\/p>\n","protected":false},"excerpt":{"rendered":"

A new report from Colliers sheds light on investment prospects for six key countries, including Bulgaria, Czech Republic, Hungary, Poland, Slovakia and Romania.<\/p>\n","protected":false},"author":882,"featured_media":1004172260,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21783,23891,21742],"tags":[32763],"class_list":["post-1004172258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investment","category-national","category-latest","tag-colliers-international"],"acf":[],"yoast_head":"\nWhat\u2019s Ahead for CRE Investment in Eastern Europe? - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cre-investment-trends-in-central-eastern-europe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What\u2019s Ahead for CRE Investment in Eastern Europe?\" \/>\n<meta property=\"og:description\" content=\"A new report from Colliers sheds light on investment prospects for six key countries, including Bulgaria, Czech Republic, Hungary, Poland, Slovakia and Romania.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cre-investment-trends-in-central-eastern-europe\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-10T13:50:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T21:28:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/headshot-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cre-investment-trends-in-central-eastern-europe\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cre-investment-trends-in-central-eastern-europe\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"What\u2019s Ahead for CRE Investment in Eastern Europe?\",\"datePublished\":\"2017-04-10T13:50:40+00:00\",\"dateModified\":\"2022-12-04T21:28:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cre-investment-trends-in-central-eastern-europe\\\/\"},\"wordCount\":551,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cre-investment-trends-in-central-eastern-europe\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/04\\\/headshot-2.jpg\",\"keywords\":[\"Colliers International\"],\"articleSection\":[\"Featured\",\"Investment\",\"National\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cre-investment-trends-in-central-eastern-europe\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cre-investment-trends-in-central-eastern-europe\\\/\",\"name\":\"What\u2019s Ahead for CRE Investment in Eastern Europe? 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