On the 9th of November “XI International Real Estate Conference KINNISVARA 2012” was held in Estonian Art Museum Kumu. The primary objective of the conference was to get together representatives from the real estate sector to exchange knowledge, information and experience.
This time there were presentations on topics:
Magali Marton (DTZ) - Identify opportunities in CEE and Baltic
Daniel Bergvall (SEB) - Increased monetary stimulus is reducing downside risks
Karel Stransky (Colliers) - Trends in EMEA Logistics and manufacturing - impact on Baltics
DTZ Kinnisvaraekspert asked Magali Marton to give an overview of the trends in European Real Estate Market:
According to Marton the commercial real estate transaction volumes have rapidly decreased as a whole compared to the real estate boom period and transaction volumes have remained mainly in the core countries, namely the UK, France and Germany. The first two are very capital city centered, having largest number of transactions in London and Paris. Real Estate Investment in core countries account for almost 80% of all commercial real estate investments, the UK's share is over 40% of the whole. Current period is characterized by a particularly high proportion of core countries. While other countries share is small and the Baltic States form out of those only a small part, Baltics are in general considered an attractive real estate market. Based DTZ's fair value index, the logistics and industrial premises in Vilnius and Riga commercial space market are in the real estate hot market among top 5. The Baltic States potential is also that unlike other European countries, it is forecasted that through decreasing rates of return the value of assets will rise.
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Photos of conference: