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A snapshot of the real estate market in the crisis
There are two major lines in almost every respected media source(newspaper article,brochure,interview etc.) about the storm that started in the USA,and crossed the Atlantic,causing bankruptcy and CEO resignation in major European players like Martinsa Fadesa,Hypo Real Estate etc.).
One of them is the coming standstill on the market.The distressed markets of UK and Western Europe are shrinking causing withdrawal of banks and forcing governments to take over banks facing bankruptcy.As mentioned the “eye of the storm” hits Western Europe.
On the other hand,there is a tendency for many companies to try to exploit opportunities in this trouble times.
A perfect example for this is the Russian market,where especially experienced companies that survived and profited from the troubled years of 1998-99,now seek to gain massive profits off the situation,getting quite ahead of the competition.
In this situation,the Eastern European market,relatively stable at the moment,becomes a very interesting location for funds and investors.
On one hand,it offers what Western markets lack,due to the fact that some real estate sectors are still to be developed(logistics,industrial).
Which means funds,in their effort to regain position and stable their margins,are looking for good opportunities,even in markets previously considered unappealing due to “risk factors”.
Another major point was made by CB Richard Ellis EMEA CEO of research.He stated,that there is actually no lack of money.At present times,
250 000 000 000 EUR in funds and private investors are waiting by the fence,looking for the best opportunity to invest in.
Another important fact.Many real estate professionals state that this might be the record year for warehouse tycoons.Even though the road development infrastructure plans in CEE are still in the early phase.
And one last,but very important fact.The only West European city in top 10 retail development destinations,is Amsterdam. On one hand,this means Dutch developers are a very active part in the European real estate landscape.On the other,if we look in a list of major developers in the Netherlands,it seems clear they are either planning or already heading for Russia and CEE.A similar trend can be spotted for Denmark,too.
Among hot destinations around are Bulgaria,Serbia and Ukraine,of course,but if the CEE market is hot,Turkey is currently on fire.
One of them is the coming standstill on the market.The distressed markets of UK and Western Europe are shrinking causing withdrawal of banks and forcing governments to take over banks facing bankruptcy.As mentioned the “eye of the storm” hits Western Europe.
On the other hand,there is a tendency for many companies to try to exploit opportunities in this trouble times.
A perfect example for this is the Russian market,where especially experienced companies that survived and profited from the troubled years of 1998-99,now seek to gain massive profits off the situation,getting quite ahead of the competition.
In this situation,the Eastern European market,relatively stable at the moment,becomes a very interesting location for funds and investors.
On one hand,it offers what Western markets lack,due to the fact that some real estate sectors are still to be developed(logistics,industrial).
Which means funds,in their effort to regain position and stable their margins,are looking for good opportunities,even in markets previously considered unappealing due to “risk factors”.
Another major point was made by CB Richard Ellis EMEA CEO of research.He stated,that there is actually no lack of money.At present times,
250 000 000 000 EUR in funds and private investors are waiting by the fence,looking for the best opportunity to invest in.
Another important fact.Many real estate professionals state that this might be the record year for warehouse tycoons.Even though the road development infrastructure plans in CEE are still in the early phase.
And one last,but very important fact.The only West European city in top 10 retail development destinations,is Amsterdam. On one hand,this means Dutch developers are a very active part in the European real estate landscape.On the other,if we look in a list of major developers in the Netherlands,it seems clear they are either planning or already heading for Russia and CEE.A similar trend can be spotted for Denmark,too.
Among hot destinations around are Bulgaria,Serbia and Ukraine,of course,but if the CEE market is hot,Turkey is currently on fire.
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A Year From Now You May Wish You Had Started Today!
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