Property investment in Czechia surges 180% in Q1

Real estate investment in the Czech Republic rose by 180% year-on-year in the first quarter of 2024, reaching around CZK 25 billion (€1 billion), the highest Q1 figure since 2020, according to a Savills report. The jump was driven by several major transactions, including Blackstone’s €470 million acquisition of industrial assets, giving the U.S. firm a 4% share of Czech industrial space. Interest is growing in office buildings, hotels, data centers, and retail space. Europe-wide, Q1 investments are projected to rise 28% to €50 billion, with the biggest gains expected in Czechia, Portugal, France, Ireland, and Romania.