INVESTMENT MARKET HIGHLIGHTS: 2021
- Commercial real estate investment volumes in 2021 totalled €1.67 billion, being down 39% y-o-y (but 17% up against the 2020-Residomo excluded volume) and 45% lower than the pre-pandemic year of 2019.
- Total transaction count saw a positive uptick with 72 transactions recorded in the year, 46% more than a year ago and almost on par with the pre-pandemic levels. However, 2021 did not see any transactions over €100 million.
- Offices (36%) and industrial (35%) were the key investment sectors in 2021. Office transaction volume fell 3% y-o-y with the bulk of sales occurring in the final quarter of 2021. Industrial assets saw a very high demand in 2021, posting a 133% y-o-y increase in volume, while the retail sector sank 33% y-o-y.
- The Prague market recorded 29 transactions worth over €884 million in total investment volume.
- Domestic investors were the leading buyer group in 2021 acquiring over €778 million worth of assets (47% of total volume), followed by European buyers at 25%.
- Prime yields remained unchanged for residential and retail asset classes, while mild compression occurred within the office and industrial sector.
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