‘Commercial real estate market in 2020 will be worse by a maximum of 20% y/y’

The value of investment transactions on the commercial real estate market in Poland amounted to €2.92 billion in the first half of 2020, nearly 5 percent more than in the corresponding period of 2019, the consulting company Savills has reported.

According to Savills forecasts, in the second half of the year, the impact of the pandemic will be visible, but the full-year investment volume should not be lower than last year’s figures by more than 20 percent.

“In the first half of 2020, most investments were made in office real estate (€1.33 billion, a decrease by 20 percent year-on-year), followed by warehouse and industrial properties ( €1.15 billion, an increase by almost 155 percent year-on-year),” states the press release published by Savills.

(ISBnews)