Developers to buy less land used for housing in 2015
14:03
Real estate developers in Poland will invest PLN 1.8-1.9 billion this year, same amount as in 2014, but by 10 percent less in purchasing lands for housing sites, according to the 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 yearly investments, this year it is to account for 70 percent.
"Today, investors are interested in lands used for developing office space in regional cities, lands for constructing warehouses is being bought speculatively, hoteliers are also seeking for attractive locations," Emil Domeracki from Colliers International pointed out.
The biggest amount of deals are signed in Warsaw, developers eye also The Tricity, Poznań and Wrocław, the agency also indicated.
