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Property investments rise in Central and Eastern Europe
Property investments rise in Central and Eastern Europe
July 22, 2010Over Q2, the total value of commercial property transactions in the region has climbed up by 13%.
In general, during the first half of 2010, the figure has skyrocketed by 150%, compared to the same period last year, according to the report by CB Richard Ellis.
The sharpest investment activity was observed in key markets of Central and Eastern Europe. Poland, where 47% of total investment transactions with commercial property were concluded, has become the leader in Q2. Second place was occupied by Russia (25% of total investments).
The average transaction price in the region has increased up to €41 million, which is close to the pre-crisis indicators (€45 million). At the moment, the leading segment is retail property.
In comparison with Q1, yields from commercial buildings in Central and Eastern Europe has remained stable.
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