The assets liquidated by banks are expected to have an overall value of EUR300 million.
“For 2012 we are expecting a moderate increase in the volume of realty transactions, to EUR500-550 million, representing a 10% increase on our forecast for 2011. The estimation is based on what banks will liquidate in order to recapitalize,” said Cristian Ustinescu, head of capital markets at DTZ Echinox.
The difference between the total amount traded in liquidations and the overall estimated value will come from typical transactions and alternative transactions, such as agriculture, forests and green energy projects, Ustinescu added.
This year, according to DTZ, realty transactions will reach an overall value of EUR500 million.
Transactions were concluded for a total EUR237.6 million in the first three quarters, a 46% increase on the year, according to DTZ.
In the timeframe analyzed, mixed projects drew the bulk of funds, namely 66% of the overall volume, while residential projects drew 20%. The retail segment drew 7.9% of the overall transaction value.