In the first quarter of 2021, the activity of real estate investors fell to the lowest value since 2013. Commercial (and residential) buildings to the value of €310 million changed hands. The result was affected mainly by the lack of quality real estate on the market, rather than the effects of Covid-19.
We interpret the quarterly results as an inspiration for investors before the next wave of purchases. We are already actively involved in several transactions which will be concluded during this year.
Karel Bor, director of the Czech branch of BNP Paribas Real Estate
Nová Karolina Park (photo credit: www.novakarolinapark.cz)