„Real estate market in Romania currently offers largest yields (in CEE – e.n.), still at the value of 8 pct., while the prime properties in Warsaw and Prague offers yields of 6.5 pct or even less. In the conditions when important markets in Central and Eastern Europe prove stability during recent years, they attracted at the same also a big number of investors and developers, so this region could “overheat”, Houlihan said.
He gives the example of Warsaw, where currently are in construction not less than 45 office buildings. The modern office stock in Poland’s capital counts 4.4 million sq. m, while in Bucharest the stock is half of these figures, according to the latest data of the real estate consultant DTZ.
In Bucharest there are too several offices buildings in construction, 120,000 sq. m following to be delivered this year and 500,000 sq. m next year, according to ZF data. (source: zf.ro)
