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 Eastern Europe's Real Estate Market Headed for Full Recovery

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PostSubject: Eastern Europe's Real Estate Market Headed for Full Recovery   Tue Nov 09, 2010 2:53 pm

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Eastern Europe's Real Estate Market Headed for Full Recovery says Colliers

Most commercial real estate markets around the world, including Eastern Europe, have bottomed out and are now on the rise, according to Colliers Investor Sentiment Survey for the third quarter of this year.

A total of 90% of the survey participants said they planned to expand their current level of real estate holdings within a year or as a minimum maintain them at current levels.

The Global Property Clock equates market cycles to specific times, with 12 o'clock representing the top of the market and six o'clock representing the bottom. Each six-hour period in between designates rising (after 6 o'clock, to 12 o'clock) or declining (after 12 o'clock, to 6 o'clock) cycles.

The majority of the potential investors for Eastern Europe (30%) place the market as 8 o'clock on the property clock. An almost equal number of investors (26%) place the clock slightly behind, at 7 o'clock, reflecting a feeling that the market has moved off the bottom firmly toward a full recovery. A further 9% believe the market is already at 9'o clock.

Considering that the majority of investors to the survey in Q1 2010 had placed the market at 5 o'clock on average, this indicates a very swift turnaround in the region's fortunes moving significantly to a firm recovery.

Globally, the largest group of survey respondents, which included real estate investors in every region of the world, put the Global Property Clock for their particular regions at eight o'clock, with the second and third largest groups at six and seven o'clock, respectively.

According to Georgi Kirov, Director, Investment Services, Colliers, there is a growing optimism in the global real estate market, although current sentiment varies by region.

"
New investment transactions in Bulgaria are expected during the next few months. However, it would be to early to say whether the market is ready to rebound"
.

He noted that most investment funds that are ready to expand in 2011 would either prefer to invest in less riskier markets (Germany, France, UK, the Scandinavian or Baltic States), or would consider bigger markets with a longer-term potential, such as Russia, Ukraine and Asia.

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PostSubject: Re: Eastern Europe's Real Estate Market Headed for Full Reco   Sun Nov 14, 2010 7:24 pm

Moved off the bottom is hardly on the way to full recovery! Rather optimistic I think!
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PostSubject: Re: Eastern Europe's Real Estate Market Headed for Full Reco   Sun Nov 14, 2010 8:59 pm

Nothing wrong with a bit of optimism
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PostSubject: Re: Eastern Europe's Real Estate Market Headed for Full Reco   Mon Nov 15, 2010 3:26 pm

Yep thats true we must all be optimistic and look to the future growth g
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