Spectator on facebook

Spectator on facebook

FOCUS SHORT

Banks remain cautious lenders

THE FINANCING of central and eastern European real estate has shown signs of improvement during the last 12 months but the situation remains uncertain. There has been a significant increase in real estate investment transactions compared to 2010, but the performance of real estate has varied greatly across different countries and asset classes.

THE FINANCING of central and eastern European real estate has shown signs of improvement during the last 12 months but the situation remains uncertain. There has been a significant increase in real estate investment transactions compared to 2010, but the performance of real estate has varied greatly across different countries and asset classes.

Banks are still cautious about a recovery in the market, with the possible exception of Austria, the Czech Republic and Poland, whose markets did not suffer to the same extent during the crisis as other countries, according to the CEE Property Lending Barometer 2011. The report is based on a survey which KPMG conducted among more than 50 leading banks in the region.

Michal Maxim, senior manager of KPMG in Slovakia, says that although banks in Slovakia are willing to finance very good real estate projects, in general they remain cautious.


Topic: Real Estate


Top stories

Slovak scientist in the US: Slovak science needs more than just money to thrive

It seems as if we do not want skilled scientists to return home, says Dominika Truban, who founded a platform connecting Slovak researchers abroad and at home.

Dominika Truban

The Education Ministry to restore the analytical institute

The institute that is part of the Value for Money initiative was merged with another body at the beginning of the year.

Education Minister Martina Lubyová

Blog: Helping others helps your company too

Tatiana Čaplová, Program Coordinator for CSR at the Pontis Foundation, offers a very interesting look behind the scenes of the most successful CSR event in Slovakia - Naše Mesto (Our City).

Bratislava