Below you can see a regular investment market update on the Czech real estate market for the fourth quarter of 2023.
Summary of current data:
While the Czech National Bank has already started to decrease interest rates, ECB rates are likely to remain elevated at least until mid-2024
In Q4 2023 real estate investment volumes totaled €154 million
In 2023 annual investment volumes amounted to €1.36 billion
Czech investors accounted for more than 80% of deals in 2023
Retail had a 41% share on total annual investment volume
Prime yields remained broadly stable in Q4 2023
In the first half of the year 2024 investment activity will still remain subdued
The full report can be downloaded below this article.
I hope you find the information in this report useful.
We like questions, if you’ve got one about our research, or would like some property advice, we would love to hear from you.
Lenka Šindelářová
Head of Research and Consultancy
lenka.sindelarova@cz.knightfrank.com
+420 602 773 592