Czech real estate investments clear €1bn in Q1

Czech real estate investments clear €1bn in Q1

Published at: 2019-05-24 09:49 | Author: CIJEurope.com
Just over €1bn worth of real estate investments came into the Czech Republic during the first quarter of the year, more than double the amount from the same period in 2018. According to Colliers International research, it was also just under half of the total €2.3bn worth of deal flow into the CEE-6 countries, with Polish investments having fallen 60 percent year-on-year. “The Q1 bright spots were that Czech deal flow was back up to the quarterly run rate seen in 2016 and 2017, CEE-6 office volumes totalled €1.25 billion and there was a near-record quarter in the hotel sector of €459 million with deals recorded in Prague, Ostrava, Krakow, Warsaw and Budapest,” says Mark Robinson, CEE Research Specialist at Colliers International. He said that western European funds as well as East Asians bought more than they sold, while American UK funds were net sellers. Remarkably, real estate prices continue to increase. “The inflow of Korean investment in Q1 contributed to the further compression of Prague prime office yields to the current 4.5% level,” commented Andy Thompson, Head of Investment in Czech Republic & Slovakia.

Similar Stories:

Transport Ministry gives up on fines for planning obstructionists
The Ministry of Transport has dropped plans to allow the state to charge fines for those w  »
Czech Finance Ministry increases 2020 infrastructure spend
The Czech Ministry of Transportation has plans to invest CZK 70bn into its transportation  »
D1 motorway between Bratislava and Trnava to be widened by 2020
The Slovak Ministry of Transport has pledged to complete a series of improvements to the D  »
Czech construction numbers improved in June
The pace Czech construction output rose 2.4 percent in June, up from the meager 0.2 percen  »
There’s a joke currently doing the rounds in Romania which rather sums up public attitud   »
The Polish real estate investment sector got a Christmas present from the Ministry of Fina   »
It was quite clear to Ben and me when we were talking about Savills about what we wanted t   »
As recently as 8 years after the beginning of the financial crisis, the only local investo   »