An increasing number of countries are beginning to break free of their Central and Eastern European (CEE) tag and stand alone as worthwhile investment destinations. The core markets of Poland, the Czech Republic, Slovakia and Hungary can no longer be so easily grouped into the CEE mix, czechposition.com reports.
In fact, Alessandro Bronda, head of global property investor solutions at Aberdeen Asset Management, argues that prime product in Prague or Warsaw is as good as or better an investment than that in many Western European capitals.
"At the moment, there is appetite for very good quality prime real estate in the Czech Republic, Poland and Slovakia," he said
Projections for investment into Czech commercial real estate this year exceed EUR 1 billion, an increase on the almost EUR 800 million invested in 2010.
However, Mr Bronda adds that the same cannot be said of CEE countries such as Croatia, Romania, Bulgaria and Ukraine, where the only potential dealmakers being opportunistic investors who are offered a big discount.