The investment volume in the extended CEE & SEE regions reached EUR 4.25 billion at the end of Q1 2020. In comparison with the first quarter of 2019, we can observe an increase of 24%. Eighty-three investment transactions were concluded with an average ticket size of EUR 51 million.
Even if Q1 was strong, the estimations for Q2 2020 are limited due to the impact of COVID – 19.
Many investors have now adopted a “wait-and-see” strategy, and virtually no new marketing processes are launched, especially for the new transactions. The volume for 2020 is expected to experience a decrease compared with last year, and the main investment products estimated to be traded this year will remain office and industrial segment. In 2021 we will see a return to volumes in excess of EUR 1 billion, especially for Austria and CEE countries, this on the back of our view that demand for property as an investment class generally will not be impaired by this crisis.