AllanSaundersonis managing editor of Property Finance Europe and acontributor to GlobeSt.com.

PRAGUE-Czech Republic property investment activity picked up inthird quarter due to progress on long-awaited transactions, withthree deals worth €48 million, but volume in the first threequarters was still 89% lower at €100 million, according to thelatest DTZ Property Times. Full-year volume is forecast at around€300 million.

Yield decompression has resulted in prime yields holding ataround 7% for office and retail and above 9% for industrialproperty. Vacancy rates in office and industrial markets have risenslightly due to lower demand combined with occupier downsizing andnew supply.

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