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CEE Investment Marketbeat Report H1 2025

The CEE commercial real estate investment market delivered a robust performance in H12025, with total volume reaching EUR 5.36 billion across seven markets (including expanded coverage to Serbia), representing aremarkable 51% year-on-year increase. This expansion builds on the strong recovery trajectory established in 2024.

The Czech Republic emerged as the regional leader, capturing 39% of total investment volume with EUR 2.08 billion, a striking 187% year-on-year increase that positions the market for a potential record-breaking full year. Poland, while maintaining its significance with EUR 1.71 billion (32% market share), experienced a modest 5% decline as the market stabilized following its exceptional 139% growth in 2024.

Slovakia delivered the most impressive growth rate at 315%, reaching EUR 536 million and accounting for 10% of the regional volume, driven primarily by large industrial portfolio transactions, including the landmark EUR 100 million (out of a total of EUR 470 million) Contera Portfolio acquisition by Blackstone. Hungary demonstrated a solid recovery, with 51% growth to EUR 275 million, while Bulgaria achieved 70% growth to EUR 154 million.

Sector distribution remained balanced, with industrial assets leading in Slovakia (58%), offices dominating in Bulgaria (70%) and Serbia (41%), while retail showed particular strength in Romania (42%). The H1 2025 performance—reaching nearly 60% of 2024’s full-year total—indicates strong momentum heading into the second half, supported by regional economic resilience, yield stabilization, and the continued return of institutional capital.

OTHER INSIGHTS

Romania Industrial Marketbeat Q3 2025

The total modern stock of industrial & logistics spaces in Romania was of almost 7.78 million sq. m at the end of Q3, as developers completed new projects with a leasable area of 209,300 sq. m acr...

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Bucharest Office Marketbeat Q3 2025

Office spaces cumulating 75,800 sq. m were transacted in Q3 in Bucharest (the highest quarterly volume in 2025), thus bringing the YTD gross take-up to 197,200 sq. m, reflecting a 25% y-o-y decrease. ...

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Romania Retail Marketbeat Q3 2025

New projects totaling 23,600 sq. m GLA were delivered across Q3 (in addition to the full redevelopment and reopening of Agora Arad – 36,000 sq. m GLA) in Romania among which being Zacaria Retail Park ...

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