After a slow summer, the Baltic economies are now steaming ahead, but the best Baltic practices are preparing for any future slowdown now, while the fees are rolling in. Sophie Evans reports
Enjoyment of the Baltic summer, traditionally the happiest time of year in light-soaked northern Europe, was tempered by the news in July that the Baltic economies were beginning to slow down. Having been in the headlines for their phenomenal 10%-plus annual growth, all of a sudden predictions for growth in the real estate sector were being revised down and deals were said to be drying up. Perhaps a reaction to the jitters in the US economy, deal flow seems to have picked up again now the summer is over.
