The Guide to Taxes on Real Estate in CEE provides an overview of the key tax aspects related to the real estate sector in the countries of the region.
According to data provided by one of the global property advisors for 2015, the total investment volume in Central and Eastern Europe (CEE), excluding Russia, amounted to EUR 9 billion. Analysts contend that the real estate market in the region is expected to grow steadily over the next 10 years. Moreover, companies also appear to be deciding to undertake investments in second- and third-ranked cities, not just in the region's capital cities.
Poland continues to be regarded as the key investment destination in the CEE region, followed by the Czech Republic. According to real estate advisors, investors are still concentrating on opportunities in leading locations, but they are also trying to target good assets in secondary locations in other CEE countries such as Romania, Slovakiaand Hungary.
The most preferred real estate sectors in 2015 were retail and office, followed by the fast growing industrial and logistic sectors, where huge investments in the warehouse market are being made year-on-year. Market forecasts also show that the industrial and logistic sectors should also prosper beyond 2015. This will mainly be due to the healthy growth of e-commerce and retail logistics.
Moreover, it is believed that investors are going to develop shopping infrastructure beyond niche areas by investing more in convenience shopping centers in line with the American "strip mall" model and in high streets with exclusive shops.
This Guide provides an overview of the key tax aspects related to the real estate sector in the following countries:
• Bosnia and Herzegovina
• Czech Republic
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