The better the question. The better the answer. The better the world works. У вас есть вопрос? У нас есть ответ. Решая сложные задачи бизнеса, мы улучшаем мир. У вас є запитання? У нас є відповідь. Вирішуючи складні завдання бізнесу, ми змінюємо світ на краще. Meilleure la question, meilleure la réponse. Pour un monde meilleur. 問題越好。答案越好。商業世界越美好。 问题越好。答案越好。商业世界越美好。

The Polish Real Estate Guide 2018

Real estate market trends in 2018

Poland is a leader in terms of the value of transactions on the real estate market in the CEE region

EY Polska

Poland is a leader in terms of the value of transactions on the real estate market in the CEE region.

Poland’s real estate market is second to none within the CEE region in terms of size, range and investor confidence. It offers yields more attractive than those found on Western Europe markets, while maintaining a low risk profile and relatively high liquidity.

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The Polish Real Estate Guide

This guide aims to provide its readers with a broad view of the market and the current investment climate, as well as legal and tax information, in a practical format to help you make investment decisions. Our combined expertise in this industry has enabled us to develop this guide. We hope it will be the useful reference tool on the state of the Polish real estate market. The guide was prepared by experts from EY Real Estate Group.

The Polish Real Estate Guide 2018
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The Polish Real Estate Guide 2018
 

Trends

Office space as an important HR tool

At the end of 2017 the total stock of modern office space in Warsaw and 6 largest agglomerations reached 9.5m m2. Warsaw dominates the office market with the most development, letting and investment activity. Yet, regional cities also play an important role, serving primarily as Business Process Outsourcing (BPO)/Shared Services Centre (SSC)/Research&Development (R&D) centres.

The end of “hyper” era

Modern retail stock in Poland reached 13.8m m2. The bulk of new supply, with large retail schemes currently under construction, is located in key markets. Further development of the modern retail sector will continue in medium and small-size cities. Poland is on the radar of retail newcomers. In 2017 approx. 30 brands entered the market.

Changes on the map of logistic hubs

The warehouse and industrial market, spurred by very good economic indicators along with positive forecasts, has been performing extremely well over the past few years. Another reason behind it is the development of transport infrastructure, which enables faster movement of goods. Logistics operators and e-commerce were the most active occupier sectors.

Events boost hotel market

The key drivers for the development of hospitality business in Poland are: economic growth, rising popularity of Poland as a holiday and MICE destination, as well as the development of medical tourism in Poland.

Record high sales on residential market

2017 has marked itself as an undisputed record breaker with over 89,817 residential units delivered to the market which, was 14.5% more than in the previous year, and 128,484 building permits obtained, which was 20.48% more comparing to 2016. In terms of new construction projects started, development of 105,401 units was commenced, which means a 23.2% increase y/o/y.

Poland still attractive for investors

Despite some uncertainties connected with legal and tax regulations introduced or to be implemented, which delayed some investment decisions, the volume of investment transactions in 2017 reached € 5billion, representing a 11% y/y increase.

EY Polska

Kontakt

Anna Kicińska
Partner
MRICS
Real Estate Leader for Central and South Europe
phone: +48 22 557 7542
mobile: + 48 505 107 010
anna.kicinska@pl.ey.com
pl.linkedin.com/in/annakicinska
 
Łukasz Jarzynka
Associate Partner
Real Estate Leader for Central and South Europe
Assurance Services
phone: +48 22 557 8429
mobile: +48 510 201 290
lukasz.jarzynka@pl.ey.com
pl.linkedin.com/in/lukaszjarzynka
 

Piotr Woźniak
Manager
Legal Services
tel. +48 71 375 1022
kom. +48 508 316 180
piotr.wozniak@pl.ey.com
LinkedIn

Global team

Tomasz Ożdziński
Associate Partner
Real Estate Leader for Central and South Europe
Tax Advisory Services
phone: +48 22 557 6922
mobile: +48 573 339 341
tomasz.ozdzinski@pl.ey.com

pl.linkedin.com/in/ozdzinski

Zuzanna Zakrzewska
Partner
Legal Services
phone: +48 22 557 7816
mobile: +48 602 789 839
zuzanna.zakrzewska@pl.ey.com
LinkedIn