INVESTMENT MARKET REPORT – Q2/2026

The Czech investment market recorded transaction volume of EUR 1,051 million in Q2 2026, marking a significant acceleration from the previous quarter (EUR 657 million). For H1 as a whole, the market reached approximately EUR 1.71 billion, down year-on-year (H1 2025: EUR 2.37 billion), but still nearly double H1 2024 (EUR 0.88 billion), pointing to normalization rather than weakening. Offices were the strongest single asset class at EUR 358 million, followed by residential at EUR 215 million. The largest item, at EUR 396 million, was the other assets category, which groups smaller sectors without separate reporting, such as mixed use, healthcare, and education, reflecting a diversity of opportunities rather than the strengthening of a single segment. Hotels contributed EUR 39 million, retail EUR 27 million, and industrial EUR 16 million. Office prime yields remained unchanged at 5.10% despite the higher volume, suggesting that the recovery in activity is not yet putting pressure on repricing. Industrial, by contrast, was the only sector to see yield compression, down 10 bps to 4.90%, even against a low transaction volume, a combination worth monitoring going forward. Other asset classes held steady following the correction in Q1. The market therefore enters the second half of the year on a stabilized footing, though with volume concentrated in a few sectors.