Sporadic signs of recovery in CEE: JLL

There are early but sporadic signs of recovery in the markets of Central and Eastern Europe, according to Jones Lang LaSalle's report CEE City Reports Q4 2009.

The report covers the main trends in the economy and demand and supply in the investment, office, retail, industrial, hotels and residential markets.

John Duckworth, managing director of Jones Lang LaSalle in CEE commented: '2010 has finally come around and in most part, we can happily say goodbye to a rather difficult and challenging 2009. We do expect 2010 market conditions to improve across the CEE region for all sectors, although this will happen slowly throughout the course of the year and continue into 2011.'

Markets in the CEE region have each been affected in different ways and at different levels of severity, he added. 'Some markets were hit hard during their emerging stages whilst others were affected during their maturing phases.'