Central and Eastern Europe is heating up. Last year South African investors made a series of massive acquisitions in Poland, the Czech Republic, Romania and Croatia, and they are eyeing more properties, including in Hungary and Bulgaria. Is this a one-off thing, or the beginning of a long-term trend? With the currency instability in South Africa, the country could be in for a major exodus of capital. CEE markets, with their significantly higher returns and increasing liquidity, stand to benefit from that.
Meanwhile, developers are getting bolder with their schemes. After years of covering their bases by building smaller and safer projects, they are starting to deliver monumental landmarks in top CEE cities. After all, with the new wave of investors coming in, there is no shortage of capital. The lions are on the prowl.
You can find the entire CEEQA report here.