Strong property investment tipped for Czech Republic
A recent study by Cushman & Wakefield called International Investment Atlas 2011, and reported by daily SME.sk, has pointed to how the Czech and Slovak republics should see the highest growth in property investment volume in Central Europe this year.
The projections count with a growth in property investments in both republics of as much as 200% this year, while the overall growth for East Europe is set at just 40 %. On a global scale, investments into property should increase by 5-10% this year.
“In Central Europe investors are still focused mostly on top of the range properties, which rented out well even during the crisis” informed head of the Cushman & Wakefield investment team in the Czech Republic, James Chapman. He also expects the growth in Central Europe to reach the level seen last year in Western Europe.
The strong interest in the region was confirmed also by a study this month by CB Richard Ellis carried out on a sample of 350 property investors. Almost a quarter of them classed Central Europe as the most attractive region for investments, with top properties on the Czech and Polish markets being most popular.