INVESTMENT MARKET HIGHLIGHTS: Q1-Q3 2021
- Cumulative transaction volume for the first three quarters of 2021 reached a total of €1.05 billion, showing a year-on- year (y-o-y) drop of 53% and a 55% decline compared to the pre-pandemic Q1-Q3 2019.
- However, a robust transaction pipeline indicates a positive investor sentiment for the coming year.
- 42 transactions were concluded in the first three quarters of this year, nine more than in the same period of 2020 but still below the activity level of the preceding years (48 transactions in Q1-Q3 2019 and 55 deals in Q1-Q3 2018).
- The industrial sector took the largest share of Q3 investment volumes, with 58% share of all transactions. However, YTD the office sector remains the most popular with a 37% share of total volume.
- Domestic capital accounted for 44% of the total YTD investment volume. Cross-border investments (56% of total) were mainly driven by European capital, which accounted for 25% of the total YTD volume.
- Yields for prime assets remained stable across all asset classes and are expected to remain so due to limited supply of quality prime commercial real estate.
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