Tips for real estate investors in CEE

12. aprilie 2021 | Reading Time: 3 Min

Real Estate Investment 2021: The annual report of CBRE & TPA offers many current tips for real estate investors in Austria, Germany and CEE.

Important questions about real estate investments

  • How can investment opportunities in Germany, Austria, CEE and SEE be presented in 2021?
  • What tax investment incentives are offered in different countries?
  • What are the operating costs in the different asset classes?
  • How is real estate taxed in the individual countries?
  • What returns can be expected on a country-by-country basis?

Tax advisory firm TPA and CBRE, the world’s largest commercial real estate services firm, offer an assessment of local real estate markets in this red-hot brochure, “Real Estate Investment 2021,” available for the fourth year in a row. This is intended to provide institutional investors with a brief, practical overview for potential investment decisions. The brochure can also serve as an idea generator to deal with countries that have not (yet) been part of the investment strategy. Especially some smaller countries in the CEE region still offer interesting returns and opportunities.

Identify trends: How are the real estate investment markets developing?

Real estate investment markets have been relatively stable despite the Corona crisis. “One factor here is primarily the very low interest rate level due to which other risk-averse investment options are simply less profitable,” says Andreas Ridder, Managing Director CBRE Austria & CEE. Nevertheless, volumes in the CEE region have also declined. A total of approximately €14 billion was invested in 2020, which specifically represents a decline of approximately 26% compared to the previous year. Just as in other European countries, clear differences between the various asset classes were also evident in the CEE region. The residential and logistics sectors were among the clear winners of the crisis, whereas the hotel and retail sectors faced major challenges.

Key tips & key data from 13 countries

From “Real Estate Investment 2021” emerges the most important key data and information for real estate investors in 13 countries. Topics range from economic and demographic conditions to current taxation of real estate transactions in Albania, Austria, Bulgaria, Croatia, Czech Republic, Germany, Hungary, Montenegro, Poland, Romania, Serbia, Slovakia and Slovenia.

COVID-19: The potential impact on the international economy is also a challenge for real estate investors in 2021. The current tax relief measures regarding COVID-19 have also been taken into account.

How to make the right investment decision!

Gerald Kerbl, real estate expert and partner at TPA, is convinced that “in order to be able to make the right investment decision even in the current very challenging times, it is essential to know the local real estate market as well as the tax and legal framework as precisely as possible”. This is where the “Real Estate Investment 2021” report provides support.

“However, we also found that there were some clear differences between the various countries. In Croatia, for example, retail was the strongest asset class, and in Hungary, despite a crisis in the tourism industry, the hotel sector was the second strongest asset class. Residential transactions were not registered there at all. So in order to make the right investment decision, the right advice is more important than ever, especially in times of crisis,” Ridder recommends.

Want more tips for real estate investments?

Order your digital copy of Real Estate Investment 2021 here!

Tips Real Estate Investors - CBRE & TPA Group Real Estate investments in CEE 2021


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