European investors shift attention to Germany and CEE as most attractive for purchasing real estate

Investors have shown a clear strategic shift in their investment preferences in Europe in favour of Germany and Central and Eastern Europe (CEE) as the most attractive markets in which to purchase real estate in 2011.

Approximately one-third of investors intend to target acquisitions in Germany in 2011 compared to 18% in 2010, and around a quarter of investors have CEE as their top investment target this year, up from 16% last year, according to the results of a survey of almost 350 European real estate investors by leading global real estate adviser CB Richard Ellis Group, Inc. (CBRE). CBRE announced the results of the survey at the company’s European Investment Briefing held today at MIPIM, the international real estate event held annually in Cannes, France.