Business

CEE real estate investment sees record performance

WARSAW, POLAND - MAY 07, 2016: Building Palace of Culture and Science among the modern buildings of the city

During the first six months of 2019, the CEE real estate market saw total transactions exceed 5.47 billion euros.

According to real estate consultancy firm JLL, Poland accounted for nearly 50 per cent of that amount, followed by the Czech Republic, which accounted for 30 per cent of the deals.

Polish office investment volumes increased by 78 per cent compared to 2018, the best result ever on the Polish office investment market. Retail sales continue to grow in the Czech Republic, which continues to be considered as the most stable country in the region with the lowest investment risk rating.

“In a very positive scenario, CEE real estate investment volumes may even outperform the 13.23 billion euros seen in 2018’s record-breaking performance,” said Mike Atwell, head of capital markets, Czech Republic and CEE at JLL.

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