The Central and Eastern Europe region (CEE-6) recorded a 38% increase in real estate investment volumes during the first three quarters of 2025, exceeding 7 billion euros, according to a new Colliers report. Poland and the Czech Republic generated nearly three-quarters of the total, while Romania reported transactions above 425 million euros, representing 6% of the regional market – below the levels seen in 2024 (8%) and 2022 (11%), influenced by the postponement of several major deals.
Romania strengthens its position in industrial and logistics investments
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“2025 appears to be similar to 2019 – a year that was not particularly strong in terms of total volume but was followed by two solid years that set the stage for the 2022 peak. In the first three quarters, we see transactions amounting to several hundred million euros, currently in different implementation phases. In the second part of 2026, there is potential for yield compression, provided the macroeconomic environment remains at least neutral and further ECB rate cuts improve next year’s outlook,” explained Robert Miklo, Partner and Head of Capital Markets at Colliers.
Colliers highlights that Romania stands out through its expanding exposure to the industrial, logistics and manufacturing sectors, being perceived as a market with selective opportunities and yields above the regional average. Prime office yields remain around 7.5%, while industrial assets stand at approximately 7.75%, both higher than in Poland and the Czech Republic.
“A notable aspect is that the office sector is gaining renewed momentum at both regional and local levels. Prime projects in central areas continue to draw significant interest, reflected in rising rents driven by limited supply, higher development costs and strong demand. I believe 2026 has the potential to become the year of the office sector in the investment market,” added Robert Miklo.
The US and China return as major investors in CEE
American investors have made a strong comeback in the region, with investment levels nearly six times higher than in 2024, especially in industrial, office and hospitality assets. Non-EU capital – particularly from the US and China – reinforces the region’s appeal amid an increasingly competitive global landscape.
The Czech Republic recorded the strongest performance in the region, with a 131% rise in investment volumes following major office and hotel transactions. Poland remains the largest and most liquid market, attracting 2.6 billion euros, while Romania and Hungary stand out through increased investments in logistics, retail and light industry.
Colliers experts estimate that total investments in the CEE-6 region could reach 9–10 billion euros by the end of 2026.
Photo: freepik.com
