Moderate Optimism

Журнал CRE #358 Декабрь2019
Record investments in the hospitality segment for the last 10 years, the interest of investors in redevelopment projects, development land and projects under construction ratcheting up – are the main trends of the outgoing year. Yet it’s a transaction in the retail segment – the expected sale of a 49% stake in Galeria Mall – that might well become the deal of the year. 


The real estate investment market in the outgoing year has been affected by two divergent trends. On the one hand, the economic development is stalled by export and real income reduction that leads to sagging consumer demand. The Ministry of Economic Development forecasts that the year-by-year GDP growth in 2019 won’t exceed 1.3%, whereas Oxford Economics expects an even more modest growth by 1.2%. On the other hand, Colliers International's analysts point out that in the backdrop of s...
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