In the first quarter of 2020, the total capital invested in commercial real estate in Central and Eastern Europe amounted to €4.25 billion. This means increase of 24 percent y/y. Poland maintained its leading position with an investment value of over €1.7 billion. A similar result was recorded by the Czech Republic (€1.6 billion), which is trampling Poland after investment heels, according to the CBRE report. 

Experts point out that in the first months of the year the coronavirus was not yet visible. The housing and warehouses recorded significant increases, which puts the current leader, i.e. the office, only in third place.

“In the first months of the year, a total of 83 investment transactions were made in the Central and Eastern Europe region. Their value exceeded €4 billion, which means that the average value of a single transaction is approximately €51 million. This indicates the region's still great potential and attractiveness for investors. It is worth adding that the largest increase was recorded in Poland, where the value of investments doubled compared to  last year, while in the Czech Republic this increase was 71 percent. It can be clearly seen that our southwestern neighbor is chasing us in the ranking and this year it was close enough to replace us as a leader,” Joanna Mroczek, head of Market Research and Consultancy at CBRE, said.

The CBRE report shows that Poland, the Czech Republic and Austria (€450 million) are on the podium of the countries with the highest investment value in the region of Central and Eastern Europe. Just behind the podium was Hungary with a result exceeding €199 million.

(WBJ)