Real estate investments up 30%
05 June 2008
Investments in the local real estate market will rise 30% to EUR 570 million in the first half of the year, said Atisreal real estate consulting company, part of French BNP Paribas group, in a study.
However, DTZ Echinox consulting company estimates that the value of real estate transactions will decrease compared to property acquisitions worth EUR 1.8 billion in 2007.
''The market is currently stagnating, and investors are waiting to see what happens in international financial markets,'' said DTZ Echinox General Manager, Tim Wilkinson.