• SEE markets continued their growth during 2020, remaining resilient across most real estate segments.
  • Increased immunisation efforts and vaccination programmes should allow a gradual improvement of economic growth throughout 2021
  • Most of the SEE4 countries will likely be able to reach pre-pandemic growth in 2022
  • Investors will remain cautious but more movement is expected with the normalisation of market activities
  • Construction activity to remain focused among the fastest growing markets in Bulgaria and Serbia