With so many investors burning their fingers during the recent downturn, ultra-safe investments are now in demand.
Panelists of the conference Central Europe: Not Too Hot, Not Too Cold – Advantage Or Handicap?, co-organised by the Warsaw Business Journal, agreed that, while Poland is not the only opportunity in the region, it is highly attractive at the moment.
“Central Europe is not a homogenous market. You have to weigh comparative advantages,” said Michael Kroger, head of international real-estate finance at Helaba Landesbank Hessen-Thuringen, the German bank that entered the Central European market in 2005-2006.
Next in line come the Czech Republic and Slovakia. IMF requirements mean that, for the moment, Romania is not the hot place it used to be three or four years ago. However, the panel agreed it is still worth looking at.
“The CEE region is core for many real-estate players, but we have to be country-specific. We need opportunity, stability and volume,” said Robert Dobrzycki, Polish-based managing partner for Central Europe at Panattoni Europe.
This article was taken from MIPIM Review 2011. Read more here.
Top image credit : Photobank gallery