CEE commercial property investment (excluding Russia) is up 11%, year-on-year, with Hungary and Romania seeing volumes more than double, according to CBRE.

CEE commercial property investment (excluding Russia) is up 11%, year-on-year, with Hungary and Romania seeing volumes more than double, according to CBRE.

The figures are based on Q1-3 in 2013 and 2014. Poland saw a 13% drop, from just over €2 bn to less than €1.8 bn, primarily driven by lack of product, CBRE concluded.

This has had a knock on effect in other CEE states, with Czech Republic seeing a rise of 11% (to just over €1 bn), Hungary up 126% (to almost 400 mln) and Romania up 215% (to nearly 700 mln).

Russia saw a dramatic 45% fall, from €3.8 bn to €2 bn.

CEE’s Mike Atwell said, ‘based on the deal pipeline we have seen, we believe the last quarter of the year will be strong. We also see no signs of a slowdown in activity and anticipate a continued increase in investment volumes for 2015.’

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