Institutional investors from the country are facing a new set of challenges as they hunt for commercial real estate investments in the emerging markets of Eastern Europe.
The ex-Soviet republics have bounced back and there's hope Russia's WTO accession will stir investments. But the closer you go to Europe, the worse it gets, says East Capital CIO.
Kazakhstan, Russia and Turkey are very interesting markets, but the Balkans and Baltics won't offer opportunities any time soon, says Stefan Herz of Charlemagne Capital.