Different real estate markets across Europe improved in the third quarter of 2009 but at noticeably different speeds according to t he Jones Lang LaSalle CEE City report.

It stated that improving investor sentiment is pushing activity in a specific band of prime real estate forward, but financing is still proving complicated to obtain.

John Duckworth, managing director of Jones Lang LaSalle in the CEE, said: ‘Occupier activity across all sectors has slowed compared to previous years as similar financing issues prevent or delay relocation and expansion plans.

‘Rental levels are beginning to bottom out in most of the core CEE markets and we expect stability to fully return throughout 2010 once the supply and demand levels rebalance.’

According to the report, Poland is forecasted to be one of, if not the only country in Europe, to have positive GDP growth during 2009. The Czech Republic is expected to follow in the middle of 2010 and Romania and Hungary towards then end of 2010.