Report sees CEE continuing to outperform
GDP growth of 3.1% in Central and Eastern Europe (CEE) in 2015 was nearly double the 1.6% growth seen in the eurozone countries. At the same time, long-term estimates see Hungary’s GDP growing by 2.1%, according to a joint press release issued today by Skanska Group, Dentons, JLL, and ABSL.
The CEE region is one of the least hazardous parts of the world in terms of business operational risk, and several countries including Hungary are among the world’s 25 safest, the press release continued, citing information from the Institute for Economics and Peace.
Last year also saw growth in the volume of commercial real estate transactions in Hungary, with €790m in transactions comprising 9% of the total €9 bln regional volume in CEE in 2015, the press release noted.
“Central and Eastern Europe is viewed as Europe’s ʼdarlingʼ by an increasing number of institutional investors based in Europe, including the U.K., and more recently from North America, South Africa and the Far East. It is an attractive and safe region with sustained improvements in the business environment,” said Paweł Dębowski, Chairman of the European Real Estate Group at Dentons, in the press release.
The press release highlighted details from a full analysis of the region as an investment location and is available on Skanska’s website.
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