The structure of real estate investments in the Czech Republic is changing, with Q1 2026 data confirming the growing importance of rental housing and hotel properties, according to a Knight Frank report.

Commercial property investment in CEE rebounded strongly in 2025, with a combined volume of €11.3 billion across Czech Republic, Poland, Hungary, Romania and Slovakia. This represents a 34% year-on-year increase and stands 24% above the five-year average, according to data by Knight Frank.

Horațiu Papakonstantinou-Florescu, Chairman & CEO Romania, Hungary, Greece, Bulgaria, Serbia at Knight Frank, talked to Property Forum about the dominance of lease renewals, the anticipated 2026 delivery wave, and how Bucharest’s high yields and infrastructure projects continue to attract multinational tenants.

The Czech investment market ended 2025 with record results. In the fourth quarter alone, property investments exceeded €1.8 billion, representing a 139% increase compared to the same period the previous year, according to Knight Frank data.

Czech lucrative properties such as hotels, offices, and shopping centres are now heading into the hands of domestic investors. On the other side, foreign investors are gradually leaving the market, reports seznamzpravy.cz.

The CEE commercial real estate market experienced a significant rebound in H1 2025, with total investment volumes across the five key CEE markets reaching nearly €5 billion, Knight Frank reports.

Although the total supply of office space in Brno is approximately 5.6 times smaller than in Prague, space currently under construction has already reached half the level of the Capital, according to the Regional Research Forum's H1 2025 analysis of market dynamics in Moravia.

The total size of modern office stock in Prague has reached 3.94 million sqm at the end of Q2 2025. Renegotiations are expected to dominate, and larger tenants are remaining in a holding pattern, according to the data released by Prague Research Forum for the second quarter of 2025.

Only one office project was completed in the Prague office market during Q1 2025, adding 8,700 sqm to the total stock of 3.96 million sqm, reveals Prague Research Forum in its Office Market Figures for Q1 2025.

Family offices are eager to expand their real estate investments, viewing the sector as a strong opportunity for both growth and wealth preservation, finds Knight Frank's Wealth Report.