Czech Investment Market Q2 2026: Activity Accelerates
The Czech investment market recorded approximately EUR 1.4bn in H1 2026, already surpassing the full-year 2023 volume. Q2 contributed EUR 1.0bn across 25 transactions, with an average deal size of EUR 40m. Domestic capital accounted for 85% of quarterly volume, supporting a marked acceleration in activity.
Investment Activity and Capital Structure
Living was the largest sector in Q2, representing 38% of investment volume. Offices followed closely with 35%, while mixed-use assets accounted for 12%. Hospitality represented 4%, with retail and industrial each contributing 3%. International capital made up the remaining 15% of total quarterly volume.
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Pricing: Yields and Rents
Prime yields held broadly stable during Q2. Office and industrial yields stood at 5.00%, shopping centre yields at 6.00%, and high street yields at 4.50%. Office yields were 25 bps lower y/y, while yields in the other tracked sectors were unchanged.
Prime office rents remained at EUR 30.00 / sqm / month, shopping centre rents at EUR 155 / sqm / month and industrial rents at EUR 7.25 / sqm / month. High street rents increased by 2.4% y/y to EUR 215 / sqm / month.
Key Transactions and Market Outlook
The largest listed transaction was the Písnice residential portfolio in Prague, sold for less than EUR 200m. Other major Prague deals included Port7 at EUR 120–130m, Na Příkopě 14 at EUR 110–120m, Trimaran & City Element at less than EUR 100m, and T-Mobile Roztyly at less than EUR 70m.
In H2 2026, the main points to watch are whether current investment momentum continues, how domestic capital activity develops and whether yields remain stable. The Czech economy is forecast to grow by 1.9% in 2026, with CPI at 2.45%. The two-week repo rate stood at 3.75% on 19 June, while the five-year EUR IRS reached 2.74% on 30 June.
Head of Capital Markets
Head of Research
