While the rest of the world watches Ukraine deal with the ongoing effects of its invasion by Russia in February 2022, the real estate industry should be paying particular attention to its neighbour. As a result of the war, Poland has been unfairly discounted by real estate investors due to its geographical positioning – investors view the country with hesitation and unease given misplaced speculation that the war spill over. Consequently Polish real estate investment in the second half of 2022 was down 35% on the five-year average. However, Cromwell’s recent research points to Poland as an underrated investment opportunity which will actually benefit from its proximity to Ukraine in future years.
As Ukraine’s neighbour, Poland has experienced significant demographic changes since the outbreak of the war. The European Investment Bank estimates that 7.5 million people have fled to Poland so far, with at least 1.5 million of those set to remain in the country permanentl
Warehouse developers now more cautious
Warehouse developers now more cautious
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The rise of prefab concrete
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Modern offices for modern officials
Modern offices for modern officials
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