CEE investment volume up by 70% y/y in Q1
14:03
The commercial real estate investment volume in Central and Eastern Europe reached the level of €2.8 billion in Q1 2017, which marks a 70-percent increase upon the same period last year, according to the latest report by Colliers International. The retail and office sectors accounted for 47 percent and 21 percent of the volume respectively, the study said. As much as 56 percent of the Q1 investment flowed into the Czech Republic. Domestic CEE flows and cross-border CEE flows accounted for 27 percent and 18 percent of the total transaction volume in the period. “Investment from the Czech Republic targeting Slovakia, Hungary, Romania and Poland made up the bulk of this momentum. Amongst 2016’s other big sources of capital, Asian investment totaled only 2 percent of the region in Q1, whilst we observed no deals from South Africa. Accordingly, Europe clawed back some “market share,” with 31 percent of the pie,” said Mark Robinson, CEE research specialist at Colliers International.
