According to the latest study by CB Richard Ellis, investment volumes in the Czech real estate investment market remained at a low level in the first quarter of 2009. The overall investment volume reached 58.7 million in two office transactions (including the purchase of Jungmanova Plaza by DEKA Immobilien). This represents a nearly 50% decrease compared to the fourth quarter of 2008.
Stuart Bloomfield, Head of Capital Markets adds: General levels of transactional activity remain low as a result of the global economic downturn; however we see the closing of the Jungmannova Plaza deal as a positive sign of interest in the Prime end of the market."
Source: CB Richard Ellis