Czech commercial real estate transactions jumped to €2.1 billion in the first six months of 2025, nearly 1.5x last year’s result. Savills claims it’s the highest first-half volume since 2017 and sits far in excess of the 10-year H1 average of €1.08 billion. In all, the agency counts a total of 34 transactions, itself a 70% increase from 2024 and nearly 25% higher than the 5-year average for Jan-Jun.
Industrial properties led investment activity with 28% of total volume, followed by hotels at 23%, office buildings at 20%, while retail assets came in at 18%. In fact, Q2’s €630 million was considerably slower than the remarkable first three months of the year.
Industrial assets maintained their leading position with 34% of quarterly volume, while hotels captured 24% of activity, boosted by the Four Seasons Hotel Prague sale.
Office properties accounted for 22% of Q2 volume, including the deals for the Visionary and Stará Celnice buildings in Prague. There was just one significant residential deal, which was also off the 3-deal Q1 pace.
Domestic investors dominated the market throughout the first half, accounting for 77% of total investment volume and completing 31 of the 34 transactions. Only one second-quarter deal involved foreign capital. Savills hints that H2 activity will exceed both 2024 levels and long-term averages, and that 2025 is set to become the strongest investment year since 2020.
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