The commercial real estate investment market across six Central and Eastern European countries recorded transaction volumes of €5.8 billion in the first half of 2026, according to analysis published by Colliers. The figure represents a notable improvement on recent years and signals a recovery in investor confidence across the region, though capital continues to flow selectively into assets with stable income generation, strong ESG performance and a competitive market position.
Colliers experts presented their assessment of H1 2026 market trends at a press conference, covering the investment, office, retail, and industrial and logistics sectors. According to the firm, the recovery is not uniform across all segments, though the overall direction is positive. The investment market is being supported by a declining country-risk premium and more favourable financing conditions, while office and logistics tenants remain selective and developers continue to tie new project starts to pre-lease agreements.
In the retail segment, consumption growth, tourism and a limited supply of prime space are underpinning further rental growth. Colliers identifies a stable and predictable regulatory environment, continued improvement in financing conditions, and demand for energy-efficient properties as the key factors that could pave the way for a broader return of international capital and sustained growth in transaction volumes.
The improving environment may also stimulate the supply side: following a period of delayed disposals over the past two years, an increasing number of premium assets are expected to return to the market from 2027 onwards.
