21:44 12 August 2020
Poland leads real estate investment market in CEE
After the first half of 2020, Poland maintains a dominant position in the CEE region, enjoying the highest diversity of investment products and the greatest diversity of investors. Despite the slowdown caused by the Covid-19 pandemic and only two months of full investment activity, the turnover on the market reached almost €3 billion, which is higher than the result for the corresponding period of 2019.
"The last months, despite the ongoing pandemic, turned out to be record-breaking. The achieved value of the transaction gave Poland a 47 percent share in the investment market of the entire CEE region and the second best result of transaction activity in the country in the first half of the year in the history of the market (after 2018)," Piotr Mirowski, senior partner and director of the Investment Advisory Department at Colliers International, said.
The investment market has been hit by the pandemic. Nearly 30 large transactions pending in the first quarter of this year have been suspended, but along with the relaxation of security measures, there is a strong return of foreign investors, determined to proceed with the transactions in order to close them later this year. On the Polish market, capital is currently invested mainly by funds from Germany, France, Austria, as well as from the CEE region and Asia.
(WBJ)
