NEW YORK, NY (PRWEB) August 24, 2006
A number of studies published over the past year on current and future commercial real estate investment in the EU make a case for the industry’s potential to generate healthy returns through 2006. Warsaw, Prague and Budapest are all given strong ’buy’ recommendations.
A 2005 study published by PricewaterhouseCoopers and the Urban Land Institute (ULI). points out that, "From 1998 to the present approximately EUR 8.6 billion has been invested into property in CEE, with approximately 72% of the total invested volume during this time period being invested within the last two years. Although the three major Central European property markets – Czech Republic, Hungary and Poland – continue to dominate the investment scene for the region and account for more than 93% of the total volume invested since 1998, there is now increased activity in Romania, Russia and Slovakia." The study confirms that Poland’s investment market in regional cities is so far the most active in CEE, although it is expected that activity will continue to expand in Czech and Hungarian regional cities as well during the next two to three years.
“No question that there is burgeoning expansion in the commercial real estate marketplace in Central and Eastern Europe, Russia & CIS States,” says Europaproperty.com publisher, Craig Smith. "That is exactly why we decided that 2006 was an excellent year to launch the US based commercial real estate FORUM series. These are exciting and dynamic times in a recently expanded EU, and investors, property managers, real estate agents, investment bankers and other professionals in the cre field should have a platform like FORUM 2006 for meeting and discussing all of the issues-financial, legal and regulatory, that will impact upon their investment decisions in one market or the other.”
The Central and Eastern Europe, Russia & CIS States commercial real estate FORUM 2006 will be held at the Grand Hyatt, Manhattan, October 5th and 6th. Complete booking and sponsorship details for the New York conference can be obtained at http://www.europaproperty.com or by calling in North America: Toll-Free 1-800-731-8482; in Europe dial +48-22-528-1982.
Europaproperty.com is recognized as a leading organizer of Conferences and other special events for the commercial real estate marketplace throughout Central and Eastern Europe, Russia and the CIS states.