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The volume of investment in the regional real estate market during H1 2023 was one of the lowest in Central & Eastern Europe. Poland accounted for most of the regional transaction volume at 42%, followed by the Czech Republic with 34%. Total transactions in the Czech Republic in H1 amounted to approximately €692 million, a 42% year-on-year decline and a 9% decrease compared to the same period in 2021. The retail sector saw growing demand, accounting for approximately 61% of transactions. In Q2 of this year, the volume of transactions in the Czech Republic reached €298 million, down 27% compared to the previous quarter, reports Colliers in the survey.

The yield shift began in Hungary with a bit of a delay compared to the regional countries, where repricing has already become evident. Office maintains its dominance but investors have started to see retail assets as more attractive than before, says Attila Balogh, Head of Capital Markets at Hungarian property advisor firm Eston International.

In H1 2023, the total transaction volume in the CEE region decreased by 59% year-on-year. The current results in the property investment market may not appear very optimistic at the moment, but this is only a temporary situation, Avison Young reports.

iO Partners, JLL preferred partner in Romania, Czech Republic, Hungary and Slovakia, has appointed Andrei Văcaru as Regional Head of Capital Markets for CEE. He has been working for the agency in Romania for the past 16 years.

Daniela Lazea, Partner at Biriș Goran, spoke to Property Forum about Romania's advantageous position as an investment destination in the real estate sector and the growing demand seen by the law firm from clients active in the renewable energy sector. Biriș Goran’s portfolio remains consistent on residential, office and logistics projects.

Czech investment company Fidurock is expanding its portfolio. The latest acquisition, which took place in Trutnov, concerns one of the largest retail parks in the Czech Republic. According to idnes.cz, representatives of the investment holding company signed an agreement on the sale of Retail Park Trutnov with representatives of the Czech Real Estate Investment Fund at the end of June. The price of the transaction was not disclosed.

Strategic joint ventures and sale and leaseback deals are some of the emerging structures that are gaining ground in the commercial real estate investment industry in the EMEA, shows a Colliers report.

Czech real estate fund Investika's latest acquisition is the Royal Trakt Offices building in Warsaw. The roughly 150-year-old property in the centre of the capital city was bought by the fund from global real estate investor Patrizia SE. The acquisition was announced to Property Forum by Linklaters, the law firm that advised the real estate fund Investika during the acquisition. No further details of the transaction have been disclosed yet.

In the first two quarters of 2023, the volume of investment in the Polish real estate market was about €870 million. This result is 70% lower than the first half of 2022, when the Warsaw Hub office complex was sold for a record price. Investment in the warehouse sector accounted for more than half of the volume for H1 2023, with a total turnover of €438 million. Although this result represented a decrease of 34% compared to the first half of 2022, it was still higher than the 10-year average of €425 million, says JLL. 

The retail sector has been leading the investment activity in the first half of 2023 across CEE, having a share of 35% of the total volume of transactions that reached around €2.02 billion, according to a Colliers report.