Domestic capital maintained its grip on the Czech real estate market through the autumn, accounting for the largest commercial property transactions in Prague.
Trinity Bank bought five office buildings in the Riverside Karlín complex from Austria’s CA Immo, as Hospodářské noviny reported in October.
The transaction reached an estimated value of 7.5 billion crowns. Ostrava investment group RT Torax purchased the Stromovka shopping centre in Prague for an undisclosed sum during the same period.
Local buyers continue to expand their portfolios abroad, targeting major European capitals. Penta Real Estate announced in November that it will partner with Staycity to build a hotel in London worth more than 6.7 billion crowns, adding to its ongoing residential developments in the British metropolis.
“Croatia has become one of the most attractive European tourist destinations,” said Mike Saran of the Prague-based Odien group.
Odien is preparing a luxury hotel in Kaštela, Croatia, and plans to invest 2.4 billion crowns over five years into regional projects.
Brno developer Tomáš Vavřík is building his second recreational project on Bali, featuring 36 apartments priced at 100 million crowns.
“We perceive great demand among Czech clients on Bali,” Vavřík said.
Czech real estate investors increasingly deploy capital across Central and Eastern Europe and beyond to secure stronger returns. Knight Frank data shows that domestic buyers acquired commercial properties worth roughly 24 billion crowns across the region outside the Czech Republic in the first half of the year, following a total of 39 billion crowns last year.
Trigea Funds completed one of the largest regional deals by purchasing the Posnania shopping centre in Poznań, Poland. Vavřík pointed out that investments outside the European Union frequently deliver higher yield potential alongside prestige.
CBRE forecasts that total transaction volumes in the Czech Republic will reach between 2.7 and 3 billion euros, or 65 to 73 billion crowns, by the end of the year. That volume sits below last year’s figures, which dřívější data firmy uváděla zhruba 4 billion euros, v přepočtu lehce pod 100 billion crowns.
“The reason is the change in the interest rate environment, the geopolitical situation, and a smaller supply of premium investment products,” said Jakub Stanislav, vedoucí kapitálových trhů v české pobočce CBRE.
Office buildings remain the most sought-after asset class, capturing roughly two-fifths of the domestic market. Hotels, industrial properties, and rental housing draw steady interest from investors.
Market participants expect local buyers to retain their leading position through 2027. “Local investors clearly continue to dominate, and we expect this trend in 2027 as well,” said Jakub Stanislav, head of capital markets at CBRE’s Czech branch.