Developers to buy less land for housing in 2015
14:37
Real estate developers in Poland will invest PLN 1.8-1.9 billion this year, the same amount as in 2014, but 10 percent less land (in volume) for housing sites, according to experts from Colliers International, a real estate agency.
Last year, the share of lands used for housing accounted for 80 percent of the entire value of annual investments, this year it is to account for 70 percent.
"Today, investors are interested in land used for developing office space in regional cities, land for constructing warehouses is being bought speculatively, hoteliers are also seeking attractive locations," Emil Domeracki from Colliers International pointed out.
The biggest amount of deals are signed in Warsaw, developers are also eyeing the Tri-city, Poznań and Wrocław, the agency also indicated.
