Despite COVID-19 impacts on markets, flow volumes remain relatively healthy for the first 3 quarters of 2020 at ca. €8.0 billion. Colliers estimate 2020 yearend volumes to reach €10.0 to €12.0 billion. Regional volumes are down 12% compared to the same period of 2019. Romania is having a great year and a few large portfolios have supported overall regional volumes.
Since Q2 we have recorded very little movement in prime yields, primarily due to the lack of transactional evidence to support further shifts. Our view remains that while some shifts are inevitable, core, well performing assets should hold up well, with more pressure on secondary product. Due to the shift in interest of investors to logistics we can also expect to see prices react accordingly.