INVESTMENT MARKET HIGHLIGHTS - Q1 2021
- Volume of commercial real estate investment transactions in the Czech Republic totalled €290 million in Q1 2021, showing an 82% decrease year-on-year.
- Same as in the previous quarter, office properties remained the leading asset class on the Czech real estate investment market, capturing €163 million (i.e. 56% of the Q1 volume). The industrial sector followed with a share of 21%.
- Foreign investors accounted for 52% of the total volume transacted in the first quarter of 2021 (slightly below their share of 60% achieved on averaged over the past eight quarters).
- 13 transactions were concluded during Q1 2021 (18% more than a year ago) but large transactions remain scarce. Seven of the Q1 deals did not even exceed a value of €10 million.
- From the end of 2020, prime yields have not changed and given the continuing high demand for prime buildings, prime yields are expected to remain more and less stable also during 2021.