International financial crisis has brought on the market most exeptional real estate properties, at very reasonable prices in Bucharest, Budapest and Belgrade, three of the most dynamic capital cities in the entire Central and Eastern European area. Prices in Andrassy Ut (Budapest) andLascar Catargiu (Bucharest) have almost halved in the past 5 months, especially on villa and palace type of properties, which are convertible into retail or entertainment/well being projects.
CPPs database now includes over 12 properties on both avenues, of which 4 have been sold this month. Property ownership is the key to any feasible luxury business, especially monobrand franchising in fashion and accessories and franchising/management in SPA projects.
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