As of the first half of 2018, Russia has become the fourth in the ranking of Eastern European countries in terms of investment in the commercial real estate.
As RIA Novosti news agency reported on Thursday with reference to the consulting company Cushman & Wakefield, 495 million euro has been invested for this period in the segment of the commercial real estate in Russia. Half of the amount was invested in office premises. As the experts note, this indicates that the Russian investment market “has demonstrated a slow start”.
In total, some 7 billion euro has been invested during this period in the commercial real estate in Eastern European countries, which is almost one third lower than in the first half of 2017. The leader in the ranking is Poland, which is recognized as the largest investment market in Eastern Europe. So, in the first half of 2009, 3.7 billion euro was invested in Polish commercial real estate. It is followed by the Czech Republic and Romania, with the indicators of 675 million euro and 531 million euro respectively.
The report notes that since 2009 domestic investors have been dominating in Russia and that in the coming years the share of foreign investments will not exceed 20-25% until the market opens up for foreign capital.