Total investment volumes in Central Europe are predicted to reach EUR 6 bn by the end of the year following strong third-quarter figures, according to a new report from property consultant Cushman & Wakefield (C&W).
Total investment volumes in Central Europe are predicted to reach EUR 6 bn by the end of the year following strong third-quarter figures, according to a new report from property consultant Cushman & Wakefield (C&W).
The three months to end-September saw EUR 2.32 bn invested in the core CE markets of Poland, the Czech Republic, Slovakia, Hungary and Romania. The figure marks a significant increase on the EUR 706 mln recorded during the second quarter of the year and pushes transaction activity back to 2005 levels.
The Czech Republic has seen the largest sums invested so far this year with EUR 1.18 bn of volumes during the third quarter and EUR 1.9 bn invested in total since the start of the year.
The second-largest market is Poland with EUR 8.64 mln invested during the first three quarters of the year. C&W predicts that Poland will outpace the Czech Republic by the end of the year.
Hungary saw a return to activity with EUR 197 mln invested in the third quarter, while activity in Romania and Slovakia lagged behind with three-month volumes below EUR 100 mln.
The largest investment volumes were recorded in the retail sector, at EUR 1.88 bn compared with EUR 1.70 bn in the office sector. C&W predicts that gap between the two sectors will shrink by year-end.
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