Polish real estate market is witnessing the first major investment transactions. The second half of the year will show whether a potential further interest rate cut in the eurozone and a return to cheaper financing bring the long-awaited recovery.
Investment decisions have so far been primarily held back by high inflation and interest rates, resulting in a high cost of capital. The mere announcement of interest rate cuts by the ECB has already heralded an increase in transactional activity in Poland. In Q2, the value of real estate investments is higher than in the first three months of this year, and new players are entering the Polish market.
After a slow start to the year, the Polish market is recording its first significant transactions, including portfolio acquisitions in the retail sector and several transactions involving the purchase of office buildings. Office buildings are changing hands not only in Warsaw, but also in major regional cities. The acquired assets include both
Strong warehouse sector whilst capital cautious and offices yet to rebound
Strong warehouse sector whilst capital cautious and offices yet to rebound
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