Czech investment market plummets in first half of 2009

CB Richard Ellis, which is tracking investment data in the Czech Republic, says the market nearly ground to a halt in 2009, producing just four transactions in the first half of the year. On a volume basis, this translates to an 87 percent fall over the same period in 2008. Compare the €73.1bn in deals done to the €1.5bn completed in the first half of 2007 and the numbers look significantly worse. It also gives an idea into the volume of  pain being felt by those who bought at what was literally the worst possible moment.