New figures published by Savills suggest that Polish commercial real estate has become much more popular. The organisation revealed that investment volumes in the country are set to reach 2 billion euros (1.73 billion GBP) by the end of the year. During the first half of 2011, 60 per cent of the total amount invested in 2010 was ploughed into the commercial property market.
And the firm noted that retail is the top performing sector, predicting that it will increase its share of the market before the year is out. Warsaw was cited as the most popular location among investors, with yields for assets in the city remaining steady at around 6.5 per cent. Head of research for Savills Poland Michal Stepien is upbeat about the country's prospects. "The Polish property investment market remains one of the most targeted in the Central and Eastern Europe (CEE) region for foreign investors thanks in part to the relatively stable Polish economy."
CB Richard Ellis recently released a report into the state of CEE office markets and highlighted that Warsaw has the lowest vacancy rate in the area, currently standing a little above six per cent. As a result, developers have moved in to start new projects in the city.
- Monday 08 August 2011