Occupier demand will drive property investment
in the Czech Republic and Slovakia by as much as 200 per cent, according to a new report.
The International Investment Atlas 2011 from property consultants Cushman and Wakefield revealed that growth in these two countries will drive investment throughout Central Europe, local news provider CzechPosition.com reported.
James Chapman, head of Capital Markets at Cushman and Wakefield Czech and Slovakia, commented: "In the Central European region, pricing will see a similar increase to that seen in Western Europe during 2010 with yields expected to fall by approximately 50 basis points during the year."
He added that international investors
will have a larger share of the Czech market in 2011, as volume and the size of deals will increase as the nation returns to a "more functional and liquid market".
In addition, as investors have put a strong focus on top quality properties in the regions, a new category of 'ultra prime' has now emerged, the report states.
- Monday 14 March 2011