Last-minute record?
Feature
Investors in Polish real estate seemed to get cold feet during H1. The turnover, EUR 1.5 bln, was 25 pct down on a year ago and has meant Poland has slipped down the region’s rankings. However, market analysts believe that that this is just a blip and a bounce is expected before the end of the year... a big one
The signs of a slowdown in investment volumes were already evident in Q1, when the Polish market was easily overtaken by the Czech Republic. One quarter is a blink of an eye on the market, so perhaps we should not be so worried. According to Colliers International, EUR 2.2 bln was transacted on the Czech investment market in H1. Poland had the next highest figure, EUR 1.5 bln, while Hungary came in third with EUR 824 mln. It is worth bearing in mind that the year has so far been a very successful one for the entire Central and Eastern Europe region, with H1 volumes increasing by 17 pct (compared to H1 2016) – hitting a level of EUR 5.4 bln. The driving forces behind the growth in the region were: the Czech Republic (investment up by 114 pct), Romania (155 pct) and Bulgaria (213 pct). “After the end of Q1, we were confident that the record level of investment on the CEE real estate markets last year would be broken in 2017. The full H1 data still indicates that this predicti
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