Opinion: hoteliers can manage without condo, banks will lend them money
A proposed Polish law limiting the ability to separate individual property units is intended to combat “pathological development” in large cities, especially the construction of tiny micro-apartments. However, hotel industry representatives warn it could negatively affect smaller tourist towns that rely on condo-hotel investments for growth.
The planned regulation would require approval from local municipal councils before developers could separate and sell individual units in projects such as aparthotels. This has already increased investor interest in condo projects before the law takes effect. Critics argue the new rules could slow investment, increase construction costs, and reduce Poland’s competitiveness compared with countries like Spain or Portugal.
At the same time, industry experts admit the regulation could improve quality and reduce chaotic overdevelopment in resort towns, where many aparthotels are currently built with little supporting infrastructure. Well-managed projects with long-term strategies are expected to survive, while speculative “build-sell-forget” developments may disappear.