15.10.2008 - Investors pulling out of Czech commerical property
From Centrum.cz: The global financial crisis is rapidly decreasing investments in office buildings, shopping centres and warehouses in the Czech Republic. The Czech market is following a similar trend in the UK. A new study conducted by Cushman & Wakefield says investors in the third quarter of 2008 spent approximately EUR 300 million on Czech commercial property, 42 percent less than in the same period last year. By the end of the year, the total volume of investments is expected to reach some EUR 750 million, which would represent a year-on-year drop by up to 70 percent..... Full Article: Source
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