Thanks to strong Q1 activity, partially spilling over from last year, investment volumes for the first three quarters of 2021 totalled €7.5 billion. This is up by 3% YoY but, with a noticeable slowdown from Q2 onwards. Colliers estimate that 2022 year-end volumes could reach between €9.0 and 10.0 billion.
The office sector continued to hold on to the top spot with a 38% share of Q1-Q3 2022 volumes. Logistics remains highly in demand but is held back by a lack of product. Retail saw shares in two large portfolios change hands. Otherwise, we still record a lot of interest for PRS/Living assets however they remain in short supply. With much higher mortgage rates and falling sales, we may see developers switching towards rental product.
CEE domestic capital has been the most active so far in 2022, with a 35% share of total volumes. Czech and Hungarian capital continue their drive with 19% and 10% of the total regional volume, respectively. This was followed by North American (27%) and European (22%) capital.
For further details on the share of investment activity between markets, the sources of capital and pricing movements, take a look at our report by filling out the form below.