Alternative
investors are turning their attention towards real estate in Romania
and Bulgaria, according to AAA.
Boston,
MA, USA, May 12, 2012 -- Alternative investors are turning their
attention towards real estate in Romania and Bulgaria, according to
Alternative Asset Analysis (AAA).
The
alternative investment advocacy group claims that real estate is
still a popular alternative asset class to those who are shying away
from equities while the economy remains volatile. In Europe,
investors who were putting their cash into property in Ireland and
Spain have now moved their investments to Bulgaria and Romania.
AAA
is basing its analysis on a speech from Denise Hamer of Schoenherr
Lawyers, who spoke at the recent IPD/Property Investor Europe (PIE)
Central and Eastern Europe (CEE) Conference. He talked about how the
emphasis for investors has returned to Eastern Europe, where
economies like Romania and Bulgaria are set to emerge as the better
bets in terms of investment.
Mr
Hamer said that it was an exciting time for real estate investor in
these regions: "It's going to be very dynamic and volatile, a
very exciting investor atmosphere.”
Signs
such as the news that a new shopping centre in Romania’s Ploisesti
is already 70 per cent let, suggest that real estate is in demand in
the former Eastern bloc country.
Returns
could be particularly good on real estate assets bought in the
capital Bucharest, which is slowly seeing tourism return and signs of
prosperity emerge.
AAA’s
analysis partner, Anthony Johnson, said that real estate and other
alternative asset classes offer investors the chance to diversify
their portfolios against risk. “These kinds of assets - including
wine, art, timber, commodities and precious metals - are not as
closely correlated with equities as other more traditional asset
classes. As a result, when equity markets lose value, these asset
classes hold their value.”
AAA
particularly supports ethical investment opportunities, such as the
forestry plantation projects that Greenwood
Management and other firms run in developing
countries like Brazil. These projects offer people the chance to buy
up a tangible section of plantation and reap the rewards on an
ongoing basis.
About
Alternative Asset Analysis:
The
remit of Alternative Asset Analysis is to analyse and provide news on
the global performance of a wide range of alternative asset classes
including, but not restricted to, commodities, real estate, forestry,
foreign exchange, hedge funds, private equity and venture capital.
Media
Contact:
Anthony
Johnson
Alternative
Asset Analysis
71
Commercial St
Boston,
MA 02109-1320
617-939-9596
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