More realistic land valuation after pandemic: expert

After a period of restrictions introduced by central and local authorities, the situation in the real estate industry is likely to return to normal, comments Mariusz Frąckiewicz, National Director of Avestus Real Estate in Poland.

“The period of the fight against coronavirus and the closing of shopping malls associated with the decision of the authorities will leave its mark on the valuation of commercial real estate companies. I do not expect major disturbances in the office and logistics sector. The obvious challenge will be the period after the epidemic when the economy will find itself in a new, changed reality,” Frąckiewicz said.

In his opinion, the expected economic slowdown will lead to a more realistic valuation of investment land, which has been a significant barrier to many developers in the last two years.

(Property News)