Investors continue to focus on CEE real estate markets
The Central and Eastern Europe (CEE) region had total real estate transaction volume of more than €9.7 billion ($11.8 billion) in 2020, according to JLL.
Poland’s real estate transaction volume in 2020 was the third-highest in the country’s real estate market history, reported JLL. Poland with €5.6 billion ($6.8 billion) continued its dominance among CEE countries, with the Czech Republic in second place with €1.5 billion ($1.8 billion), after excluding the Residomo deal of €1.3 billion ($1.6 billion). Total volumes in Hungary amounted to €1.25 billion ($1.5 billion), while in Romania and Slovakia total value hit €900 million ($1.1 billion) and €525 million ($638 million), respectively.
“Despite the global uncertainty caused by the pandemic, CEE countries continue to attract strong interest from funds that are active in the real estate sector