Record year

Transaction levels in the period amount to EUR 55.2 billion (zł.215 billion), representing a 22-percent increase if compared to the same period in 2004. Cross-border investment accounts for more than one-third of transactions by value. Of the funds invested, an increasing amount is now coming from outside the EU.

Investment in CEE recorded a 40-percent increase in transactions compared with the first half of 2004. Much of the activity remains within the core markets of the Czech Republic, Poland and Hungary. In the office and retail sectors yields have dropped to 7.25 percent and 7.5 percent respectively. The last time yields were at this level was in the late 1980s.