Poland responsible for 38% of investment real estate in CEE in ‘25
Investment real estate transactions in Central and Eastern Europe reached EUR 11.8 bln in 2025, up 34% y/y and the highest level since 2019. Poland accounted for 38% of the volume, the Czech Republic nearly 36%, and Slovakia about 9%, with liquidity improving strongly in Q4.
Three structural shifts emerged: domestic capital made up 65% of transactions, prime yields remained broadly stable with selective compression, and investments diversified across sectors. Offices led with 35.9%, followed by logistics 25.5%, retail 23.7%, and hotels 9%. In Poland, offices dominated (39%), ahead of logistics (33%) and retail (19%).
The region enters 2026 with improved pricing transparency and rising liquidity, supported by limited office supply, strong logistics demand, resilient retail formats, and strong hotel performance (RevPAR +8.9% y/y).