Central and Eastern Europe still good value for money

The developments in the banking and financial markets over the last nine months have obviously had a significant impact on real estate markets all over the world. One positive outcome of the credit crisis certainly is that it has reduced the amount of speculative money in the markets. Excessive leverage has gone, and the market is back to real estate fundamentals. Lending margins and loan-to-value ratios have gone back to more normal levels, and buyers of real estate assets need to put in …