The Czech commercial real estate investment market in Q1 2026 remained active, although transaction volumes moderated compared with the exceptionally strong performance recorded in 2025. Domestic capital continued to dominate the market, providing liquidity and supporting deal execution, while foreign investors remained selective. Prime yields across core segments were broadly stable, underpinned by limited product availability, constrained development pipelines and continued investor preference for prime and well located assets.
In Q1 2026:
- Total investment volume in Q1 2026 reached approximately €380 million, representing a year on year decline of 74%.
- Hotels dominated transaction activity, accounting for 35% of total volume, followed by retail assets (28%) and office properties (18%).
- Domestic investors remained the key driver of market activity, capturing 58% of total investment volume, with Western European capital following.
- Prime yields were broadly stable in the first quarter, with shopping centre yields compressing by 25 basis points to 6.25%.
