The decline in investments they chased the 90-percent

Investment in commercial properties in Central and Eastern Europe (CEE) for the first half of this year fell to 560 million EUR, which is 86 percent less than the second half of last year and 91 percent below those of the first half of 2008 . show data from a report on the quarter of CB Richard Ellis.

First threesome
Tip of investment activity has been reported in Russia (249 million EUR), Poland (114 million EUR) and the Czech Republic (73 million EUR). Investments in these three countries represent 78 percent of the entire investment volume, which is to rise 65 percent reported in the first half of last year.
The highest share in sector office segment (48%), while commercial properties reported significantly lower levels compared to recent years. However, the sector remained relatively stable in the current economic conditions. Impression that investment in the sector structure is significantly changed compared to last year, foreign investment has fallen from 80-85 to 60 percent. Investment activity is expected to increase during the second half of the year as several markets in the region already has clear signs of growth.
Crisis in the Baltic region
Rental of offices in the capitals of the Baltic countries have experienced a record decline of more than 30 percent in the first half of this year, data show Re & Solution. However, at the end of the tenancy period and levels are stabilized in the second half of the year is expected to rise, says PropertyEU.
At the end of the second quarter of 2009 free offices in Vilnius reached 20 percent, which is dramatically increased compared with the minimum 1-3% in the period 2006-2008 Free areas were relatively less in Class A office buildings – 16%, while Class B offices are 24 percent or general in the Lithuanian capital at the end of last month had a 60 thousand square meters of modern office space available.
Decline after record
The owners of offices and building contractors in Riga are also facing difficulties after the 2008 record, when the market went up nearly 100 thousand square meters office space. According to forecasts free office in Riga will reach 15 percent of the total volume of these areas in 2009
Office market in Tallinn does not look much different. In the capital of Estonia is a free office space expected to reach 14 percent by the end of 2009.

Finance