Full year investment volumes for 2021 in CEE up by 6% y/y

The construction, operation, financing, development and acquisition of commercial property in 2022 and beyond will continue to be impacted by the price of fuel, energy and construction materials. This will be combined with challenges in the supply chain, the nearshoring of operations and rapidly rising inflation. Culminating in a direct effect on sale prices and the rent paid by occupiers - reveals a report by Colliers: CEE Investment Scene 2021/2022. 

Despite the disruption of the pandemic, full year investment volumes for 2021, totalling €11.07 billion, were up by 6 percent y/y but 20 percent lower than the same period of 2019.  Colliers originally estimated that year-end volumes for 2022 could reach in excess of €12.0 billion, however, the war in Ukraine  impacted this outlook.

Individually, most countries are behind their pre-pandemic volumes, but Poland, with 57 percent of 2021 volumes, has reached its 5-year, pre-pandemic average. 

“Poland is emerging from the pandemic strengthened, with higher liquidity and record valuations in most market sectors. The Polish market has proven that despite pandemic restrictions and related limitations for investors, it is attracting high and still rapidly growing interest from global capital, which will play an increasing role among key European real estate markets,” Piotr Mirowski, Senior Partner, Head of Investment Services at Colliers in Poland, said.

(WBJ)