INVESTMENT MARKET HIGHLIGHTS

• Although the number of transactions improved in Q3 2023, with €247 million it was the lowest-volume quarter so far this year. Year-to-date, the cumulative nine-month investment volume stands at €983 million, 42% below the five-year Q1-Q3 average and 29% down on the same period in 2022. With 29 deals completed thus far in 2023, the average transaction value currently stands at nearly €34 million.
• Notably, retail assets have experienced a remarkable surge in investment sale volume catapulting to nearly €507 million year-to-date (52% of the total), the highest since the same period of 2017 and a 47% increase y-o-y. The sector's strong performance was also reflected in the high number of deals (12) completed in the first nine months of 2023, which doubled compared to the same period last year.
• The second-highest volume of investment was recorded in the office sector as assets worth €239 million changed hands so far this year (24% of the total), although being 68% lower y-o-y. Industrial transactions so far total €132 million, the lowest Q1-Q3 volume since 2018.
• Domestic investors are undoubtedly the mainstay of the Czech investment market. They are not only the most active (having closed 21 of the total 29 transactions), but also accounting for the largest (81%) proportion of investment volume this year.

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