Market Reports CEE

Cities with high green certification rates for modern offices attract premium rents, indicating strong demand for sustainable spaces. Warsaw, Prague, and Vilnius lead modernization efforts while Tirana, Sofia, and Athens have older, uncertified stock. Retrofitting these buildings offers opportunities to cut emissions and boos...

The residential real estate market in the CEE-6 region is witnessing strong demand, driven by cultural factors, affordability concerns, and evolving economic conditions. High levels of overcrowding, particularly in Romania, Bulgaria, Poland, and Slovakia, are intensifying the demand for housing, supported by economic stabilit...

Demand for the Industrial and Logistics (I&L) sector in the CEE-13* region has been robust over the past few years, but most countries recorded a decline in 2023. Demand has been primarily driven by the 3PL, retail, and distribution sectors.

Investment volumes for Q2 and H1 2023 across CEE were some of the lowest levels on record. Poland secured a majority share of regional volumes at ca. 42% but activity overall was slow. The Czech Republic followed with a 34% share. Bulgaria was the only market in the region to record a year-on-year increase, while the other ma...

The war in Ukraine has affected the economic situation of all countries from the CEE region, ESG moves from “nice to have” to a market standard in all RE market segments and increasing construction, operation and transportation costs translate into increasing costs in all real estate sectors. These are some of the key finding...

Due to strong Q1 activity, partially spilling over from last year, investment volumes for the first three quarters of 2022 totalled €7.5 billion. Year-end 2022 volumes could reach between €9.0 and 10.0 billion reveals the report “CEE Investment Scene Q1-Q3 2022” by Colliers.

In the first half of the year, investors were as eager to locate capital in Central and Eastern Europe as in Western real estate markets. However, global economic changes and the uncertainty they bring mean that investment decisions are now more and more often withheld. According to Walter Herz advisers, the annual results ma...

Most Central and Eastern Europe (CEE) economies have seen faster recoveries post COVID than Western EU economies, with Poland, Hungary, Romania and the Baltics being especially strong performers. However the global inflationary pressures, higher interest rates and supply chain issues, together with the possible recession in C...

The top five most attractive hotel markets in the CEE region are Prague, Warsaw, Budapest, Cracow, and Bucharest. This is the result of the survey „Hospitality Operator Beat Q4 2021“ by Cushman & Wakefield. Despite the lower ratings of some regional cities, several respondents expressed interest in Łódź (PL) and Ostrava (CZ)....

In 2021, commercial property investment volumes in CEE continued to trend upwards, increasing 6.9% on 2020. However, they still remained 15% below the five-year rolling average. Industrial and office investment activity predominated, and we saw notable evidence of price improvements with yield compression in all segments, but...

Despite the ongoing disruption of the pandemic, investment volumes for the first three quarters of 2021, totalling €7.3 billion, are down just 10% YoY and ca. 20% lower than the same period of 2019. In ‘The CEE Investment Scene’ Colliers estimate that 2021 year-end volumes will reach similar levels as in 2020 of between €10....

In 2020, €370m* was transacted in the CEE-6 region. This figure was far below initial expectations for the year (€1.8bn), as many deals were put on hold or withdrawn, and transaction activity initially brought to a near halt as a result of the pandemic. Most of the volume transacted in the last year (87.6%) comprised deals th...

Cushman & Wakefield has summarized the first quarter of 2021 in the CEE commercial real estate market. Investment volume at the end of the first quarter stands at €2 billion, down by around 20% compared to the same period in 2020.

Christie & Co releases its analysis of the Baltic hotel market 2020, which denotes the impact of the Covid-19 pandemic to the capitals Tallinn, Riga and Vilnius. The report indicates that the Baltic hotel markets had a good start of the year, with accommodation demand increasing in the first two months of 2020. With the COVID...

Poland, Czech Republic and Hungary all saw YoY declines in volumes. Romania, Slovakia and Bulgaria all saw increases. By comparison, EMEA volumes are estimated to be down by ca. 27% YoY but Colliers’ Global Capital Markets: 2021 Investor Outlook report indicates a strong rebound in 2021. Investor appetite remains strong for...

According to Cushman & Wakefield, the office market in Central and Eastern Europe, recorded reduced demand levels in Q3, but rents saw only a modest fall in comparison with other European markets.

According to Cushman & Wakefield, this year’s total volume of transactions is expected to reach €9.4 billion in Central Europe, which will represent a one-third decrease on last year’s figure. Poland’s share in the total transaction volume - albeit down by one-fourth compared with last year - will hit approximately 60%.

The preliminary investment volumes for the CEE region for Q1 2020 have reached ca. €3.7 billion, despite the onset of Covid-19 in CEE at the beginning of March. This volume was significantly boosted by the ca. €1.3 billion acquisition of the Residomo portfolio in Czech Republic by Heimstaden however, it still represents a y-o...