JLL: Commercial real estate market in 2016 will be lower than in 2015
14:30
The transaction volume on Poland's commercial real estate market in 2016 will be lower than in 2015, when the figure stood at €4.1 billion, real estate consultancy JLL managing director Tomasz Trzósło informed during Property Forum 2016.
"The numbers after H1 were good but this year will not beat last year when it comes to the volume of investment transactions. We don't see investors crowding in to Poland," the official said.
Trzósło ensured it will not be a significant decline. "We expect the volume this year will be slightly lower. As long as we stay in €3.5-4.5 billion range, all moves are normal adjustment to situation."
According to JLL, the value of commercial real estate transactions in Poland in H1 2016 amounted to €2.07 billion.
The JLL director also mentioned two main risks - Poland's macro and fiscal outlook, which is closely being watched by investors, and the risk of imbalance between demand and supply; and advised the adjustment of products offered to actual demand.
