Commercial real estate investment in CEE is on track for another record year, with Prague maintaining its position as the region's safest market, according to Colliers.
The CEE region saw total commercial real estate investment of €2.1 billion in Q1 2026. While this represents a 29% year-on-year decline, the drop is primarily due to the strong comparison base from 2025, when total transaction volume exceeded €11.6 billion - the highest figure in five years and more than double that of 2023.
Colliers analysts estimate the volume of investment in CEE at between €11.5 billion and €12 billion for 2026. "While the Czech Republic is unlikely to repeat last year's performance, when the Czech share of investment approached that of the much larger Polish market, the region is expected to grow," said Josef Stanko, Director of Market Research at Colliers.
Prague maintains a special position in the CEE region, particularly regarding yields. Office properties are at 5.25%, and retail spaces offer a prime yield of 6.0%. Behind these price levels lie lower perceived risk, market depth and liquidity - factors with which other major cities in the region struggle to compete.
Poland was the region's strongest performer in the first quarter, with investment volume approaching €1.1 billion, representing year-on-year growth of more than 40%. Hungary surprised with volume exceeding €325 million, nearly double that of the Q1 2025. "This year's elections have not deterred investors; on the contrary, both domestic and regional investors see the Hungarian market as an opportunity, not a risk," Stanko noted.
