Real estate investment volumes in the Czech Republic plunged 75% to EUR 183 mln in the first half of 2012 compared to H1 2011, according to preliminary figures from CBRE. Compared with the second half of 2011, volumes were down 87%.
Real estate investment volumes in the Czech Republic plunged 75% to EUR 183 mln in the first half of 2012 compared to H1 2011, according to preliminary figures from CBRE. Compared with the second half of 2011, volumes were down 87%.
Investors from the US, Greece and the Czech Republic were most active in the market during the first half, CBRE said.
Based on the properties available in the market, CBRE expects total investment volume in 2012 to reach around EUR 800 mln.
Stuart Bloomfield, head of capital markets at CBRE, commented: ‘While the first half of the year has undoubtedly been slow in terms of deals closings there are numerous deals bubbling away under the surface that will lead to a surge of deals closing in H2. The market is far from dead, it was merely resting.’
