Polish Capital Gains Ground in Commercial Real Estate, but REIT Reform Needed

The Polish commercial real estate market saw a major rebound in 2024, with transaction volumes reaching €5 billion, a 140% increase from 2023’s historic low. Domestic investors played a growing role, finalizing €444 million in deals—tripling their 2023 performance—with a focus on office, hotel, and retail properties.
Experts emphasize that systemic reforms, particularly the long-awaited REIT Act, are crucial to sustaining growth. REITs could unlock local capital, mirroring successful models in Germany, France, and the Czech Republic, and drive further investment, especially in Poland’s rental housing market.