There has been a significant increase in real estate investment transactions compared to 2010 in the CEE region, a new KPMG survey amongst leading banks in the region assessing the prospects for bank financing in the real estate sector reveals. However, the performance of real estate has varied greatly across the different countries and asset classes: much of the transaction activity has occurred in the countries with better macroeconomic performance and that are geographically closer to the more mature markets of Western Europe.
“Bank financing can play a vital role in the recovery and the development of the sector in the region,” says Andrea Sartori, Partner and Head of KPMG in Hungary’s Real Estate, Leisure and Tourism Advisory Practice, who led a the research, which has been prepared with the input of over 50 banks active in real estate financing in CEE.