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.


Get daily Slovak news directly to your inbox

Theme: Real Estate

Read more articles by the topic

Top stories

News digest: High-profile arrests and discussion on reopening schools continues

PM Matovič proposes pilot testing for schools. Slovakia will have the very first Slovak ambassador to the EU.

PM Igor Matovič has stepped into the debate about opening the schools for older children.

Another former police president reportedly charged in a corruption case

NAKA charged eight former high-ranking police, SIS and Financial Administration officials.

Milan Lučanský

Matovič could have made comments about the US rather than Mongolia

I am proud of what has been achieved in Slovakia, says Billy Altansukh.

Older children will not return to schools before Christmas

PM Igor Matovič still wants some pupils to return, he proposed a pilot testing plan.

The school in Trebišov.