The Czech commercial real estate investment market is experiencing a record-breaking year, set to reach €4.1 billion by the end of 2025, according to Savills research. To date, 69 transactions have been completed with a total volume of €4 billion, with additional deals worth tens of millions potentially closing by year-end.
Domestic capital is behind 61 completed deals (88% of all transactions) with a total value of €3.4 billion, representing 83% of the total volume. Savills also expects strong investment activity in Q1 2026, when already negotiated transactions exceeding €300 million are set to be finalised.
"The six largest transactions completed this year alone have surpassed the total annual investment volumes recorded between 2021 and 2024, which averaged around €1.5 billion. In Prague alone, commercial real estate transactions this year have reached approximately €2.8 billion – a level last achieved across the entire Czech Republic in 2019," says David Sajner, Investment Director at Savills.
David Štrouf, Investment Associate Director at Savills, adds: "The revival of investment activity and the growing attractiveness of the Czech market are driven not only by the strength of domestic capital, but also by the fact that investors are allocating record volumes of capital into real estate funds. In addition, the market has offered a sufficient supply of quality assets this year."
The structure of completed transactions is in line with previous years. The largest shares are held by office properties (26%), mixed-use properties (25%), and industrial assets (17%), which together represent approximately 68% of the total volume. "The key advantage domestic investors have over foreign players is their access to sufficient own capital and their deep knowledge of the local market. Unlike international investors, they therefore do not need to factor in an additional risk premium for investing outside their home market," concludes Sajner.
