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Bright future of the Czech property market
Bright future of the Czech property market
April 21, 2010It’s not only the Grade A offices in Prague that attract investors to the Czech property market. Recently, their attention has been drawn to small retail properties located outside the capital, leased out for 10 years.
Europe Real Estate web-portal reports on this, with reference to the Q1 2010 research of Czech property market, which has been conducted by the DTZ consultancy.
Over the specified period, investment in Czech properties has amounted to €96 million, which exceeds the indicators of Q1 2009 by 65%. The share of local investors has amounted to 69% of all investments.
49% of the overall investment volume is attributed to the segment of retail property. Office and multifunctional properties have attracted 40% and 11% of investments, respectively.
According to the company's specialists, by the end of the year, Czech property investment is going to exceed the levels of 2009.
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