For 2016, the total investment volume in Central and Eastern Europe (CEE), excluding Russia, amounted to EUR 12.2 billion. Analysts contend that the real estate market in the region is expected to grow steadily over the next 10 years. Moreover, companies also appear to be deciding to undertake investment in second-and third-ranked cities. Investing in regional cities is seen as a strategy for risk diversification. Smaller cities are also characterized by lower rents which makes them competitive alternatives to capital cities for hirers.

This Guide to Taxes on Real Estate in CEE provides an overview of the key tax aspects related to the real estate sector in the following countries:

• Albania

• Bosnia and Herzegovina

• Bulgaria

• Croatia

• Czech Republic

• Estonia

• Hungary

• Latvia

• Lithuania

• Macedonia

• Montenegro

• Poland

• Romania

• Serbia

• Slovakia

• Slovenia