The two cities are pitted against the main investment targets of early 2011, Warsaw and Prague, and the comparison reveals positive yield differences favoring the Hungarian and Romanian capitals, CBRE’s CEE Property Investment report showed.
In the first five months of the year, transactions in the region with commercial property, namely office, retail and industrial space, cumulated EUR4.4 billion, up 180% on the same interval of the previous year.
Most transactions involved property in Poland, the Czech Republic and Russia. The Czech Republic registered significant growth in investment activity after the conclusion of several large portfolio takeovers.
The overall value of real estate transactions concluded in Romania since the beginning of the year reaches some EUR200 million.