KPMG: Real estate deals in Poland to drop to EUR 2.0-2.5bn in 2012.

By bne IntelliNews October 10, 2012
Poland is expected to drive commercial real estate investment volumes in the CEE, even though purchasers will be more selective about real estate investments, according to a report by advisory KPMG. According to its forecasts, the value of transactions on the commercial real estate market in Poland will reach EUR 2.0-2.5bn in 2012, down from EUR 2.75bn in 2011. The reports shows that in most CEE countries, banks are less enthusiastic about the long-term prospects of the real estate market and continue to monitor developments. In Poland, banks foresee a decreasing loan portfolio at the sector level, but no change in their own loan portfolio. The survey participants included over 35 banks active in the real estate market in CEE and the data collection for this survey took place from May through to July of 2012.
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