Continued strong demand for development land in Poland – report
17:25
The year 2016 was a very good year for the development land market in Poland, with sites zoned for residential, retail (mainly retail parks) and hotel projects having attracted a lot of investor interest in the period, according to the latest report by JLL. The demand for office sites remained at a stable level despite the increasing supply and growing market competition, the study said. Plots for commercial schemes in prime locations in Warsaw, Kraków and Gdańsk were in short supply, while the markets in Wrocław, Łódź and Katowice were defined by relatively good availability of land. In the opinion of Daniel Puchalski, the national director, land advisory services, at JLL in Poland, the demand for development land will this year remain at a level similar to that seen in 2016, or be even higher. Residential developers are expected to continue to be active land buyers in 2017, as are investors interested in the development of new hotel projects in large and medium-sized cities, and of retail projects in cities with populations of more than 50,000.
