Poland still attractive real estate market

In the whole of 2019, the total value of transactions amounted to €7.8 billion and was higher than in 2018 (€7.2 billion). Thus, Poland has once again shown that it is an attractive and increasingly liquid market, summarized Avison Young advisors in a recent investment report.

Half of the value of all transactions fell to offices, which are becoming more and more desired by investors every year. In 2017, the value of office buildings sold amounted to €1.4 billion, in 2018 it was €2.8 billion, and in the previous year already €3.9 billion. Avison Young experts point out that a lot of merit in the total office volume is the ever-growing interest in the regional markets of Kraków, Wrocław, the Tri-City and other centers, which in 2019 accounted for 37 percent of total office volume, i.e. €1.4 billion.

An interesting phenomenon that can be observed in the Warsaw office market is the systematic increase in interest in buildings built before 2000. Based on Avison Young data, in 2017 the share in the total volume of older buildings was only 6 percent, and in 2019 it was as much as 30 percent, i.e. €1.4 billion euros.

(WBJ)