Central and Eastern Europe (CEE) is seeing real estate deals come to a total standstill, according to Douglas Hardman, regional investment director for DTZ. 'Everybody is looking for prime assets, but there's only a small pool available in CEE,' he said during a panel discussion at the Mipim real estate fair in Cannes this week. 'In the fourth quarter, deals came to an absolute stop. We are now seeing a real logjam. Development was a huge part of the market, but that is now completely frozen.'
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