As property continues to become an increasingly global asset class with new capital flowing frequently between various geographical regions further international growth in real estate is expected over the next five years. Following EU accession and the corresponding reduction on restrictions as to foreign ownership of real estate and the perceived reduction of risk in view of harmonized legislation and increased transparency, the attraction of the CEE markets, particularly to conservative investors, grew in importance.

In response to these trends IPD has established the Central and Eastern European service. Initially, together with major European investors IPD has conducted a feasibility study which resulted in the creation of the CEE Index. The first index release was made available to the public in December 2007 showing performance data retrospectively to 2005. Currently the CEE Index comprises of the major eastern European countries: Poland, Slovakia, Czech Republic, Hungary, Romania and Bulgaria and will be broken down to the national indices in the near future, subject to IPD’s standard confidentiality rules.

Run from our London office we provide the core IPD services, including the Portfolio Analysis Service, Benchmarking, Research and Market Information upon sufficient sample size.

Over the last 3 years the IPD Central and Eastern European Databank has grown by 40% to € 7 billion at the end of December 2007. All results are produced and published annually in the second quarter of each year.

Please click here to download the presentation of the 2007 CEE Property Index results.

For more information please contact:
Dr. Nassos Manginas
Director Business Development Europe
IPD
1 St. John's Lane
London EC1M 4BL
Tel: 44 (0)20 7336 9316
Email: nassos.manginas@ipd.com

Aneta Wiak
Senior Analyst, CEE
Tel: +44 (0)20 7336 9366
E mail: aneta.wiak@ipd.com

Web: www.ipd.com/cee