Emerging Market Update 2005 Main Streets Across The World 2005 Real Estate Market Slovakia Bratislava

EMERGING EUROPE 2005

Emerging Europe was first launched in 2003, the year prior to the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia joining the European Union. The report also includes Bulgaria and Romania (scheduled to join the EU in ); prospective EU candidate countries Croatia and Turkey; and Russia, which earlier this year signed an agreement with the EU to create a ‘Common Economic Space’ to promote trade and investment between the two economies. The ranking is formed by taking into consideration around 50 political, economic and property-related factors that affect the growth and stability of the countries’ property sectors.

EMERGING EUROPE UPDATE 2005 COMPARATIVE ANALYSIS Source: 2005 Emerging Europe Report, C&W/H&B

EMERGING EUROPE UPDATE 2005 RANKING GROUPS (selection) Variables: EU Accession, Politics, Economics and Foreign Investment Variables: Transparency, Foreign Ownership, Leases, Property Taxes & Costs, Legal Structure & Planning Variables: Maturity, Occupier and Investment Activity and Values Source: 2005 Emerging Europe Report, C&W/H&B

MAIN STREETS ACROSS THE WORLD

Data for survey relates to opinion of the rent obtainable on a standard unit in a prime pitch of 236 locations across 47 countries around the world. Slovakia was taken into the survey for the first time in Bratislava entered the selection of the most expensive retail locations on 37 place (off total 236 locations).

MAIN STREETS ACROSS THE WORLD 37. Bratislava 37. Warsaw 30. Budapest 17. Prague 1. New York

MAIN STREETS ACROSS THE WORLD RANK

MAIN STREETS ACROSS THE WORLD RANK

Emerging Market Update 2005 Main Streets Across The World 2005 Real Estate Market Slovakia Bratislava