INVESTMENT MARKET REPORT - Q2/2024

In the second quarter, the positive growth trend continued, with the total volume of investments, including joint venture investments, exceeding EUR 500 million. This volume was mainly driven by the significant transaction of the sale of Komerční banka's headquarters on Wenceslas Square. A further 0.5 percentage point reduction in interest rates and an improvement in market sentiment led to a recovery across all segments of the real estate market. Interesting transactions took place in the industrial, office, and retail sectors.

In Q2 2024, we also recorded transactions in the residential sector, underscoring the assumption that residential properties will become a new investment asset and attract the attention of many institutional investors. Prague is thus becoming a benchmark for the Czech Republic in the area of rental housing, which is a standard in Western metropolises.