The CEE-based markets recorded total transactions of approximately €11.8 billion in 2025, a 34% year-on-year increase and the strongest annual performance since 2019, according to a Cushman & Wakefield report.
Three shifts defined the year: domestic capital comprised a record 65% of total volume, prime yields stabilized with compression in prime offices and logistics, and sector allocation diversified with offices leading at 35.9%, industrial at 25.5%, retail at 23.7%, and hotels reaching a record 9% share.
The CEE region enters 2026 with pricing clarity and deepening local liquidity. Prime office and logistics assets in supply-constrained locations are seeing tighter pricing, while portfolio transactions and deals above €100 million have re-emerged.
Country-level performance was led by the Czech Republic at €4.2 billion (+155% year-on-year) with prime office yield compression, Poland at €4.5 billion with industrial leadership and renewed Warsaw office momentum, and Slovakia achieving one of its strongest years fueled by industrial portfolios. Bulgaria, Hungary, Romania, and Serbia demonstrated improving liquidity and stable pricing.
Cushman & Wakefield expects prime yields to remain stable in 2026, with potential for further compression in offices and logistics where supply is constrained and ESG standards are met. "The hotel sector delivered one of the region's strongest operational performances, with RevPAR up 8.9% year-on-year," the report noted.
