Investor sentiment in Central and Eastern Europe (CEE) is improving, with the first two months of 2011 seeing EUR 1.2 billion spent on commercial property acquisitions.
That is according to the latest research from CB Richard Ellis (CBRE), which noted that liquidity is improving in a number of the region's markets. The figure represents an increase in the level of real estate transactions following a long period of inactivity.
CBRE added that towards the end of 2010 and at the beginning of this year, investment activity in South-Eastern Europe has started to improve, with Croatia, Bulgaria and Romania enjoying a return of institutional investors and transactions.
Elsewhere, on the back of its economic performance and the relatively good health of its property market, Poland remains a key market for investors.
Jos Tromp, head of CEE research and consultancy at CBRE, commented: "We foresee further increases in property investment volumes in CEE in 2011; however, the availability of quality product across the region is expected to be a key constraint on activity."