The year 2024 brought significant revitalization to the commercial real estate investment market in Central and Eastern Europe (CEE). The total investment volume reached €8.6 billion, marking a 66% year-on-year increase. Poland maintained its leading position, accounting for 59% of total investments (€5 billion), followed by the Czech Republic with 19% (€1.7 billion). Although Slovakia experienced a slight decline in the first half of the year, the market showed signs of recovery in the second half.
Market Stabilization and New Opportunities
The Slovak investment market recorded an investment volume of €400 million in 2024. Domestic investors accounted for 44% of transactions, while Czech investors contributed 37%. Compared to 2023, the investment volume dropped by 40%, but the second half of the year brought positive signals. The strongest sectors were industrial real estate (36%), retail (31%), and office spaces (24%).
Czech Market Dominated by Domestic Investors
The Czech real estate market saw an investment volume of €1.7 billion, reflecting a 46% year-on-year growth. The market was largely dominated by domestic capital, with Czech investors accounting for 94% of all transactions. The main investment sectors were retail (45%), office spaces (27%), and industrial real estate (15%).
Investments in CEE Focus on Retail and Industrial Sectors
Investment activity in the region showed a balanced distribution across sectors, with retail leading at 33%, followed by office spaces (31%) and industrial real estate (24%). Notable transactions included large portfolio sales in Poland and Hungary, while Slovakia saw increased interest in converting older office buildings into residential units.
Positive Outlook for 2025
With growing investor confidence and improving financing conditions, the positive trend in the CEE region is expected to continue. Slovakia could benefit from better macroeconomic conditions and increased demand for logistics and retail properties. The Czech market is likely to maintain strong domestic investor dominance, while Poland will remain the main attraction for foreign capital.
