CEE markets record third highest real estate investment volume on record
According to Savills latest research, total property investment activity in the Czech Republic, Poland, Slovakia, Hungary and Romania for Q1-Q3 2020 was €7.6 billion, the third-highest volume on record, despite the global Covid-19 pandemic. Total investment volumes by year-end are forecast to surpass €10 billion, which would be in line with the five-year average. The figures have been boosted by a number of portfolio transactions since the beginning of the year, accounting for 44 percent of the total investment turnover compared to 24 percent last year. The shares were particularly high in the Czech Republic (67 percent) and Poland (47 percent). Some of the largest transactions of 2020 took place in these two markets, such as the €1.3 billion Residomo apartment portfolio in the Czech Republic in Q1 and the €1 billion Goodman industrial portfolio across the region in Q3. While offices continue to represent the largest market share at 38 percent, logistics now accounts for 30 percent of the…
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