CEE Investment Scene | H1 2023

At €2.02 billion, the first half of 2023 saw CEE investment volumes decline by ca. 64% YoY. According to preliminary results, this is unfortunately in line with European and Global results. Given the current conditions, particularly in relation to the cost of debt, predicting market activity for the remainder of the year remains challenging, but we estimate it could reach €5.0 billion or above at the current trajectory.

Office investment volumes have declined significantly, both Globally and in CEE, accounting for just 29.5% % of CEE volumes in H1 2023, similar to that of the I&L sector. Retail was back on top with a 35% share of activity at the end of half year period, and included the only transaction over €100 million in Q2, a shopping centre in Pardubice, Czech Republic.

CEE-6 domestic capital has been the most active so far in 2023, with an impressive 59% share of total regional volumes. In particular, Czech capital (40%) secured the highest volume and almost 17% in just 2 transactions (both Retail).

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