The financing of Central and Eastern European real estate remains unclear, due to a large reduction in transactions, the variable performance of real estate according to country and asset class. According to KPMG’s new publication CEE Property Lending Barometer 2010, banks are not positive about a potential quick recovery of the real estate market in any country, with the possible exception of Poland and the Czech Republic, where, comparatively, the market has not suffered to the same extent as in other countries from the crisis. KPMG conducted the survey amongst leading banks in the region to assess the prospects for bank financing in the CEE real estate sector.
Press release is in Croatian language.