CBRE: the value of investments in commercial real estate in Poland has decreased

In commercial real estate in Poland, 2 billion euro was invested in the first half of 2021, while a year earlier it was 2.9 billion euro, according to a report by CBRE released on Tuesday.

According to the company’s experts, the year-on-year differences were influenced, among other things, by the high result of the first quarter of 2020, which fell in the time before the pandemic. Previous years have also shown that the first part of the year performs weaker than subsequent quarters in terms of investment.

“Across Europe we have seen a significant increase in investment volumes, which is encouraging and a sign that we are slowly returning to pre-pandemic performance. It is clear that markets that are more dependent on the performance of the office sector have seen a smaller rebound than countries with strong logistics and residential sectors”, Przemysław Felicki, Director in the Capital Markets Department at CBRE, quoted in the release, comments.

“In Poland, the rebound is slightly weaker than in Europe, but this is due to the fact that in 2020, despite the pandemic, we did very well, so the effect of a low base is slightly smaller than in other countries. You can also see that we are returning to the trends noted before the pandemic related to the first half of the year being weaker than the second half,” he adds.

(wnp.pl)