- At an expert panel discussion on the prospects of the Balkans within the 21st Investment Fair MIPIM, one of top seven events of the kind, which is held in Cannes, it was concluded that Serbia had the greatest chances to be the first to come out of the crisis because its market was unsaturated and that it had good projects - magazine AG Real Estate wrote.
During the debate on the real estate market, NBG Bank's Investment Director Aristotelis Karytinos presented the data on low level of the financial support of "Greek banks" in Serbian market.
He said that the situation was unsatisfying and announced that the future investments would be much bigger, especially in the sector of residential construction.
- I expect the investments to grow already in the second part of the year, especially when it comes to NBG Bank - Karytinos pointed out.
Christopher Shonn, the CEO of NAI Property Partners, confirmed that the market in Serbia was promising and that the project development should start as soon as possible.
Nicolaas Veldhuis, the CEO of Veldhuis &
Partners, said that Serbia could be the first in the region to come out of the crisis because its market was unsaturated and "thirsty" for all kinds of projects, especially in the real estate sector because it drove serious economic potential of each state and its market.
The general impression of the panel discussion participants is that a good presentation of the opportunities in Serbian real estate market was missing.
XXI MIPIM was opened on March 16th by the Mayor of Nice and the Minister of Industry of France, Christian Estrosi, and the Mayor of Cannes, Bernard Brochand. During the next four days, Cannes will, once again, host big players in the area of global real estate development. That is a new opportunity for the present exhibitors to attract all those with free capital.
The representatives of magazine AG Real Estate said that it can be noticed that large number of exhibitors at MIPIM 2010 were from Poland, Czech Republic, Hungary, Romania, Bulgaria and, of course, Russia. One of the exhibitors at the expo is Beoland - the Directorate for Development of City of Belgrade.
Beoland's booth at the expo is surrounded by the booths of prestigious exhibitors and players such as John Lang La Salle, ING Real Estate, Cushman & Wakefield, King Sturge, Colliers International, Chapman Taylor.
More information on this real estate expo can be found on: http://www.mipim.net/index.php?pid=516&id=350.
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