Strong investment activity in 2013 resulted in an impressive investment volume of nearly €3.3bn, reflecting 21% growth year-on-year.
Similarily to the year before, investor activity was significantly higher in the second half of the year.
Retail sector dominated with 43% share in the total volume followed by office sector (36%) and warehouse sector (18%). The remaining 3% of the volume accounted for hotel transactions.
German, Austrian and US buyers were most active in 2013 with 58% share in the total volume.
Prime yields remained stable, but with limited demand for secondary assets the gap between prime and secondary yields widened.
We believe, that positive investor sentiment will be maintained this year.
The annual volume of investment transactions is expected to be in the range of €2.9-3.3bn, with a dominant share of the office sector.
Source : Savills