14:26 1 April 2024
NBP: 2023 commercial real estate investment volume lowest since 2010
The National Bank of Poland (NBP) reported that the value of commercial property sales for investment purposes in late 2023 hit its lowest point since 2010, totaling around €2 billion. Transactions primarily involved warehouse (33.2%), office (33.1%), and retail (26.5%) spaces. This decline mirrors similar trends across Europe, attributed to significant issues in the eurozone markets due to rising interest rates. While Poland's commercial real estate market hasn't experienced notable tension, global investor pessimism has dampened transaction volumes.
Source: obserwatorfinansowy.pl
