14:39 14 February 2026
Polish real estate is waiting for German capital
Investor appetite in Poland’s commercial real estate market is rising, supported by strong economic growth and improving liquidity. After cautiously testing the market in 2025, capital from both domestic and Western Europe is returning. Polish investors accounted for a record 20 percent of transaction volume and are expected to increase activity in 2026, moving from 20 to 30 million euro deals toward larger acquisitions. Czech and French funds are particularly active, targeting income generating assets below 50 million euro, while Scandinavian groups focus on large office transactions. German institutional capital, important for core assets, remains limited but may return in 2026.
Stable inflation, low unemployment, and moderating interest rates should further stimulate investment, with greater emphasis on asset quality rather than quantity.
