The latest EBI Construction Activity Report found that although the expansion of M1 motorway caused a surge in the value of started construction projects in Q3 2025, the last three months of the year brought very low activity-start. Even at current price, such a low number of construction projects did not start in a quarter in the past nine years.

This week’s news was dominated by annual financial results and industrial investment activity, alongside signals of tightening conditions in key office markets. Here are the most relevant stories shaping the regional market.

CPI Romania concluded 2025 by strengthening its position as a key player on the Romanian real estate market, with a portfolio of 280,000 sqm of modern office space, representing 8% of Bucharest's modern stock. The shopping centres in the company's portfolio recorded an occupancy rate of 98%, while Sun Plaza Bucharest launched a remodelling process.

The Czech investment market recorded its strongest year ever in 2025, with total investment volume reaching €4.3 billion, significantly exceeding previous highs from 2016 and 2017, according to Colliers.

Poland's commercial real estate investment market reached €3.98 billion in 2025, demonstrating resilience amid challenging macroeconomic and geopolitical conditions, according to BNP Paribas Real Estate Poland’s report.

Central and Eastern Europe’s real estate market continued to show broad activity and evolving dynamics in the third week of February, with multiple reports highlighting leasing momentum, construction growth, investment transactions and sector diversification.

Romania's construction market reached near-record levels in 2025, with work volumes growing almost 8% in the first eleven months compared to the previous year, according to Colliers' annual report. The sector now represents 9% of GDP, the highest share in the European Union and well above the 5% EU average.

Due diligence platform Drooms has released its Real Estate Trends Report 2026, showing that European transaction times remained stable at 363 days in 2025, compared to previous years of continuous increases.

Romania's commercial real estate investment market recorded approximately €500 million in 2025, down 31% from the previous year, due to the absence of large transactions.

Kyiv’s office market posted moderate growth in 2025 despite continued uncertainty. Annual gross absorption rose by 26% y/y to around 160,000 sqm, with total leasing activity reaching 165,000 sqm. However, market experts note that demand remained uneven and was only partly driven by organic business expansion, the URE Club writes in an article for Property Forum.