Colliers: CEE Investment Scene | Q1 2023

At EUR 1.3 billion, the first quarter of 2023 saw CEE investment volumes decline by ca. 58% YoY. This is in line with, if not marginally better than European results where the decrease was 62% YoY (according to MSCI). Predicting market activity for the remainder of the year, given current conditions, is challenging but estimate it could reach EUR 5.0 – 6.0 billion at the current trajectory.

Industrial and Logistics reclaimed its leading spot over Offices and Retail in Q1 2023, as activity cooled off and the lack of product being marketed became more apparent. The industrial sector dominated in Q1 2023, with 43% of volumes. Retail and offices followed with 32% and 19% respectively.

Despite the reduced levels of activity, the dominance of domestic capital prevails with CEE capital being responsible for 53% of volumes, most notably Czech (41%) and Hungarian (5%).

For further details on the share of investment activity between markets, the sources of capital and pricing movements, take a look at our report.