INVESTMENT MARKET HIGHLIGHTS: Q3 2022

• Investment in Czech commercial real estate sector began to cool in Q2 when transactions dropped 65% from the €905 million posted in the first three months of 2022. Despite the slowdown over the past two quarters, year-to-date (YTD) transaction volume still hit €1.41 billion and exceeded the €1.05 billion recorded in the same period year ago, by 35%.
• Of the 32 transactions completed in the first nine months of 2022, 15 were properties in Prague (mainly offices) and the remaining 17 transactions took place in the regional markets.
• Compared to the same period last year, the number of transactions dropped from 42 to 32 and the average deal size grew from €25 million to €44 million.
• The office sector continued to fare best, with YTD volume reaching €745 million (53% of the total), which was double compared to the same period last year. Retail investment volume was up 127% y-o-y, with more than €382 million transacted so far this year.
• Domestic investors dominated the market, standing behind 53% of the YTD volume, other CEE countries followed with a share of 23%.

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