Real Estate Investment In CEE Up 90% YY In 2010, To EUR5B

Real estate investment in Central and Eastern Europe reached EUR5 billion last year, up 90% on 2009, with Romania drawing in 7% of the total, according to property consultants CB Richard Ellis.

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Out of the entire invested sum, 74% went to Russia and Poland, and liquidity remained low in most CEE countries, despite signs of an activity increase.

According to CBRE data presented at the end of 2010, Romania's investment market stood at EUR335 million, up 47% on the year.

Regarding the investment yields, CBRE analysts noted compression on most CEE markets, including Romania.

The Bucharest yields compressed by 0.25 percentage points for logistic parks and by 0.5 percentage points for office buildings.

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