INVESTMENT MARKET HIGHLIGHTS

• At just over €1.25 billion of transaction volume in 2023, investment activity was 50% lower than the preceding 10-year annual average and 29% down y-o-y. The investment volume in the real estate market has not been this low since 2012.
• In addition to the decline in investment volume, the number of transactions also fell as 41 deals were recorded in 2023 (18% down y-o-y). In the absence of larger transactions – only two deals over €100 million were completed in 2023 – investor activity largely focused on the €5-€25 million bracket.
• For the first time in six years, retail was the strongest performer for volume. The sector’s investment volume for 2023 hit almost €513 million, 5% above the five-year annual average and 19% up y-o-y. However, activity was subdued across the other core sectors. Annual office investment came to €344 million in 2023, which was down 56% y-o-y and 62% below the five-year average. The most notable decrease in transaction volume was observed in the industrial segment, where annual volume slumped to €132 million, the weakest outturn on record since 2012, a 68% drop y-o-y and 72% below the five-year average.
• Czech investors maintained the pivotal role in the market and over the whole of 2023 generated 81% of the total transaction volume.

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