Baltic Investment Figures Q2 2024

During the second quarter of 2024, investment volumes amounted to approximately €86.7 million, which is ca. 80% less than in Q1 2024. However, when not accounting for the two largest deals from Q1, the drop is recorded at -37%. The main contributor to the overall number of €86.7 million was Lithuania, with ca. €60 million (69%) attracted throughout the quarter, while Latvia and Estonia received 19% and 12%, respectively. In general, the first half of 2024 brings hope to the Baltic investment market, as already more than €520 million has been transacted, which is more than the H1 records of 2019-2023. However, the two portfolio deals from Q1 2024 make up the majority of this amount.

One trend that is slowly emerging across the Baltics in 2024 is that local investors are becoming even more local, as certain entities or funds target assets only in their cities of operation. It also becomes apparent that sale-leaseback transactions are gaining more ground. Additionally, value-add investments dominate, while core and core-plus strategies are not as sought after.