Market H2 2020
In 2020, The CEE investment volume totalled more than €9.7 billion, representing an almost 32% decrease compared to 2019.
2020 will undoubtedly go down as one of the most memorable years for all the wrong reasons. The arrival of the Covid-19 pandemic in March 2020 has impacted the CEE real estate market across all sectors. Some with positive gains, such as in the logistics sector, but others with clear negative impact, such as retail and tourism.
There is a continuing debate around the impact onto the office occupational markets where we have seen falling demand and increasing vacancy rates and an increase in sub-leasing activity. It is expected that the offices sector will start to recover as we go back to our office workplaces following the successful roll-out of the vaccination program through 2021.
Even with these challenges, the CEE markets continue to attract strong interest from investors, both international and domestic. However, with a shortage of available product and the impact of Covid-19, there have been volume declines across nearly all markets.