INVESTMENT MARKET REPORT - Q3/2024

In the third quarter, the investment volume in the market declined to approximately €190 million, compared to around €500 million in the preceding two quarters. This decrease can be partially attributed to the typical summer slowdown in market activity. However, real estate brokers anticipate the completion of several significant transactions in the forthcoming period (Q4 2024/Q1 2025). Notably, the industrial sector saw the completion of the much-anticipated Garbe Chomutov transaction, which established a new "prime yield" benchmark of approximately 5.15%. Furthermore, the trend of divesting properties held by banks continues, exemplified by the sale of the Komerční banka headquarters on Václavské náměstí, followed by another building on Štefánikova Street in Prague, as well as the administrative building of Česká spořitelna in Zlín. This trend is closely linked to the ongoing shift of financial services to the online environment.

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