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Market commentary from Interims Report dated 30 September 2025
The value of transactions in commercial investment property remains below the five-year average but is forecast to be higher in 2025 than in 2024. Values for prime and secondary assets continue to diverge. If interest rates decline further, agents expect transaction volumes and values to climb in response.
Market commentary from Interims Report dated 31 March 2025
GDP growth by 0.5% in the year to 31 March 2025, leading economists to revise their full year GDP growth forecasts from 1.3% to 1.8%.
The National Bank of Romania’s policy interest rate The Benchmark interest rate has maintained its policy (monetary) interest rate at 6.50 % per annum.
The total value of commercial property transactions reached €723 million in the year to 31 March 2025, broadly unchanged from the level recorded in the corresponding period to March 2024.
Market commentary from Interims Report dated 30 September 2025
Polish GDP grew by 3.4% year-on-year (YoY) in Q2 and 3.7% in Q3. This acceleration marked the strongest economic expansion since Q3 2022, driven primarily by robust household consumption and a recovery in public investment.
The National Bank of Poland’s policy interest rate was cut in November 2025 to 4.25%, bringing to 1.5% the total reduction in interest rates in the year to date.
Occupational demand for commercial property and investment demand remains weak but is not deteriorating. There are signs of improvement. Some €2.6 billion of commercial property was transacted during the first three quarters of 2025, a similar level to the same period in 2024.