Caution best for new EU

property

watt says despite long-term possibilities, eu newcomers harbour disincentives for investors

New European Union countries may offer exciting long-term opportunities for investing in commercial property, but at this stage it is too early to be bullish on these markets, according to Standard Life Investments. Alex Watt, managing director of property investments at Standard Life Investments, said it is a natural assumption that commercial property investment in these countries would have strong prospects, given the large, lower cost and typically well-educated workforce that would be an obvious attraction to foreign companies. In addition, there is attractive pricing in these count...