Today, I’m advising on property investment opportunities in Europe – with a focus on the Central and Eastern regions of the continent.
I’ve chosen four cities in four countries and outlined their potential to investors, along with the positives and negatives of investments in such cities.
- Prague, Czech Republic
Prague has seen recent growth in its property market – particularly in the field of retail. For example, the first half of 2015 saw a total €1.17 billion of real estate investment transactions close across the nation, which includes the purchase of shopping centres in the capital.
Investment in the Czech Republic has seen a focus on real estate – I advise looking into this sector in order to capitalise on recent growth before the market shifts.
- Vienna, Austria
The Austrian capital has also seen retail investment increase, as well as investment in student accommodation.
Recently, Morgan Stanley acquired property in the city, purchasing a mixed-use asset in the city centre that is used by commercial and government tenants alike.
For investment in Vienna, I would recommend a diverse approach – several different types of asset class are strong in the city, so try to avoid missing out.
- Bratislava, Slovakia
Cheap occupier costs are abundant in the country, meaning that Slovakia is a good option for investors looking for a frugal purchase. Rental yields may be low, but developing a property to benefit Slovakia’s growing economy.
I advise a bold approach to this expanding nation.
- Berlin, Germany
The German capital has a range of differing property investment options available to investors. Commercial property, condominiums and student property are all strong areas – the latter area is seeing increased attention thanks to its reputation among international students.
I advise a broad approach to the city, with consideration paid to its diverse groups of citizens and their respective wants and needs.
Nery Alaev is the current Director of ESN Investments GmbH, which engages in acquisition and development of commercial and residential property in Germany and Austria.