According to Cushman & Wakefield (C&W), robust commercial real estate investment activity in the core Central European (CE) markets of Poland, the Czech Republic, Slovakia, Hungary and Romania continued in the second quarter of 2016 and reached €2.6bn, a 56% increase on Q1. This has pushed volumes over the last twelve months to €9.3bn, which is close to the record level set in 2007.

Commenting on the level of activity in Q2 2016, James Chapman, partner of CE Capital Markets at C&W, said: “All of the CE markets are in a growth phase in terms of transaction volumes. We have activity across all the sectors which highlights the depth and variety in the market demand. With the occupational markets also recording record demand, investor demand is expected to continue into 2017. BREXIT has been a hot topic for the past month but deals are continuing throughout the summer and pricing has not been demonstrably affected.”

Poland is still the primary destination for international capital with over €1.5bn of investment in Q2, reflecting 59% of investment in the CE region. Over the last twelve months €5.4bn has been invested in Poland, close to the record €5.6bn in twelve months ending in Q2 2007.