Romania and Hungary, the only real estate markets in Eastern Europe considered unattractive for investors 

Romania and Hungary are the only real estate markets in Eastern Europe that are considered unattractive for investors due to over-valued actives, lack of transactions a study set up by DTZ concludes, quoted by the Romanian news agency Mediafax.

DTZ set up an index of real estate actives world wide based on annual profits investors consider they will obtain in five years time, adjusted by the risks the countries present. In such conditions, the campaign classified the markets in three categories: hot, warm and cold. Romania, according to the study, is classed in the third category.

In the cold category pertain those markets where profits are below expectations and due to over-values prices these countries should be avoided by investors. The lack of transactions on office building space says that prices need to fall even more for the sector to become attractive, considering the high risks of the Romanian market, perceived by foreigners.

Considering all real estate sectos in Europe, the less attractive markets for investors are Great Britain and Northern countries and Germany offers the best perspectives regarding future profits.

Central and Eastern Europe has the biggest number of cold markets but it is counterbalanced with an equal number of hot markets. Prague is among the hottest markets for investors.