The recovery was supported by disciplined yield expectations, price stabilisation and returning liquidity, increasingly led by domestic and regional investors. The office market strengthened as values stabilised in CBD locations with limited supply, while industrial and logistics continued to benefit from predictable rental income and manufacturing sector resilience.

Czech Republic set a record with €4.3 billion in investment volume, driven primarily by domestic real estate funds and private equity. Czech investors were also active regionally, investing nearly €600 million in Poland and €266 million in Slovakia. Poland maintained its leading position with €4.5 billion in transactions, with nearly 40% of deals closing in the final quarter as pricing became clearer.

"What we saw in 2025 wasn't a return of excessive optimism, but of realism," said Grzegorz Sielewicz, Head of Economic & Market Insights, CEE. "Investors are returning to the CEE market because pricing, financing and tenant fundamentals have finally aligned."

Looking ahead, Colliers forecasts moderate growth in investment volumes for 2026. The region's renewed position as a European "safe haven" continues to attract capital seeking income security and rental growth, with the CEE market positioned for a self-reinforcing recovery cycle.