The uncertainty related to the war in Ukraine affects both residential and commercial real estate segments, but Poland still remains a very attractive market for investors, according to Mateusz Bonca, CEO of JLL Poland. The residential market is facing a large imbalance between supply and demand, and strong domestic demand will continue to drive sales and prices. On the commercial market, in turn, the total value of investment transactions reached €6.4 billion last year. Here, too, we can expect an increase in prices and rent valorization in the coming months.
"After the outbreak of war in Ukraine, Poland continues to be a safe investment port. We do not see hesitation among our investors, nor do we see hesitation among those who want to lease industrial or office buildings here," Mateusz Bonca said.
As he pointed out, the war in Ukraine currently affects all segments of the Polish real estate market. In the residential segment, where the gap was already estimated at around 200,000 apartments, the shortage is now growing due to the influx of some two million refugees from the war-stricken country. JLL estimates that in order to balance supply and demand in this segment, investments of at least $20-25 billion are needed.