Commercial investment volume in CEE surpasses €8bn

Commercial property investment activity exceeded €8bn across Poland, the Czech Republic, Slovakia, Hungary and Romania in the first three quarters of 2019, 54 percent above the five year average, according to Savills. Investment turnover in CEE has been rising steadily since 2013, by 24 percent on average, reflecting increasing investor confidence in the region, underpinned by above EU average economic expansion, falling unemployment and growing consumerism. Poland, as the largest economy, accounts for 46 percent of the total GDP of the five countries and has captured 56 percent of the investment activity in the first nine months of the year with more than €4.5bn. The Czech Republic saw transaction turnover reach €2.36bn, about one-third of the total, while Hungary and Romania accounted for 6 percent of the total turnover each and Slovakia took 3 percent.