Investors are more cautious about prospects for an improvement in the property sector in Central and Eastern Europe (CEE) than in Western Europe, according to a new report. The study also notes, however, that the less prime stock might offer better investment returns.
The 2014 Global Investor Sentiment report produced by Colliers International, reported that just 18 percent of respondents thought property investment conditions in CEE-Russia-Turkey would improve in the next year.
In the Middle East and North Africa, investors were similarly doubtful about prospects for an upturn, with just 15 percent expecting an improvement in investment conditions, while in Western Europe, by contrast, the figure was a much more upbeat 41 percent.
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