JLL’s country by country review of the real estate investment markets and transactions across the CEE region in H1 2018.

JLL’s country by country review of the real estate investment markets and transactions across the CEE region in H1 2018. 

Published July 2018 

Author Kevin Turpin Head of Research CEE, JLL 

€5.93 billion transacted in the CEE property market in H1 2018 

The CEE region continues to be a key target for both international and domestic investors. The CEE region's macro- economic story, encouraging retail performance levels plus very strong office and industrial occupational markets, together with an attractive yield profile provides for a very positive story for investors.

There are minor differences across the region itself with Poland still demonstrating high investment volumes whilst other markets are showing slightly lower levels of activity which is predominantly driven by a lack of product. Of interest is the growth of domestic capital in the Czech Republic and Hungarian markets where domestic volumes are growing year-on-year and, for H1 2018, make up 67% and 43% respectively. 

The outlook for the rest of the year is continued activity - investor demand is certainly not reducing and if anything we see stronger demand for core prime assets with secondary assets in poorer locations beginning to suffer to a certain extent. 

At ca. €5.93 billion, regional volumes for CEE in H1 2018 recorded a 6.3% increase over H1 2017 (€5.58 billion) The first half year breakdown saw Poland record a significant regional share of 54%. This was followed by the Czech Republic (18%), Hungary (8%), Slovakia (8%), SEE markets (8%) and Romania (3%). 

Kevin Turpin

Head of Research CEE

[email protected]

+420 227 043 131

http://www.jll.eu/emea/en-gb/services/property-types/offices