Limited local capital is hindering the development of CEE real estate, PropertyEU's latest briefing on the region has heard.
Limited local capital is hindering the development of CEE real estate, PropertyEU's latest briefing on the region has heard.
Limited local capital is hindering the development of the CEE real estate market, PropertyEU's latest briefing on the region has heard.
‘There is very little domestic capital in eastern Europe acquiring standing investments. You don’t have the domestic institutional investors or family offices that provide the foundation of liquidity in Spain, UK, Germany and the rest of western Europe,’ said Neil Gregory-Eaves, a director with Colliers International.
The problem is particularly acute in the less developed markets within CEE, according to Daniel Harris, a managing director with Tristan Capital Partners.
‘The problem with places like Bulgaria, Romania and Hungary is the political uncertainly and the impact that may have on liquidity. There would need to be a few years of transaction volume before we would go in. I’d like to invest and probably see Romania as the best long-term bet, but I don’t really see us investing there in the short term.’
For the full story, see the November issue of PropertyEU Magazine.