C&W: Prague office yields fall to 4.3%

by   CIJ iDesk I
2019-12-03   09:44

Yields from premium Prague office buildings currently range around 4.3 percent, with transactions involving the office sector making up a record-high 57 percent of the country's total. Cushman & Wakefield's Michal Sotak said the year's total volume of real estate transactions is on course to hit €3bn, which would be a 27 percent jump over 2018. Offices have made up a large portion of that total despite strong supply and slightly higher vacancy figures in Prague (now up to 5.1 percent). Of a total of 67 transactions listed by C&W, 29 were for offices. Korean capital has had a huge impact on the market, accounting for 22 percent of the total volume of investments expected in 2019, while Czech investors were the largest single source of capital at 34 percent.