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Research - NOVEMBER 24, 2020

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CEE markets record third-highest real estate investment volume on record

by Andrea Zander

Total property investment activity in Poland, the Czech Republic, Slovakia, Hungary and Romania in the first three quarters of 2020 was €7.6 billion ($9.0 billion), the third-highest volume on record, despite the global COVID-19 pandemic, according to Savills. Total investment volumes by year-end are forecast to surpass €10 billon ($11.9 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 with 24 percent in 2019. The shares were particularly high in Poland (47 percent) and the Czech Republic (67 percent). Some of the largest transactions of 2020 took place in these two markets, such as the €1.3 billion ($1.5 billion) Residomo apartment portfolio in the Czech Republic in the first quarter and the €1 billion ($1.2 billion) Goodman industrial portfolio across the region in the third quarter.

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