Colliers awaits the rebound

While the end of year volumes are expected to be lower this year, the first three quarters delivered around EUR 4 bln in closed deals, including EUR 1.5 bln of offices and EUR 1.9 bln of logistics.

Western European funds have been active over the first nine months of the year of 2020, although volumes were supported by Swedish fund Heimstaden investing into a EUR1.3 bln residential portfolio in the Czech Republic.

Both globally and across the CEE region, economies are expected to rebound in 2021, but unemployment rates are also expected to rise, putting downward pressure on retail sales.