With the entry into force of the new Planning Act, enacted on 24 September 2023, the Polish real estate market is facing significant changes that could affect the way developers, investors, and local governments approach land use. The new regulations, aimed at tidying up and standardising planning processes, will directly impact the real estate sector, especially on investments in industrial projects. While the new law prioritises greater transparency, shorter procedures and better alignment of spatial plans with real development needs, it also introduces new challenges and restrictions.
Current legal status and existing problems
The existing spatial planning system has been primarily based on three key documents: provincial spatial development plans, studies of the conditions and directions of spatial development of municipalities, and local spatial development plans. However, the study of conditions did not hold the status of a legal act, allowing decisions on land development cond
Flex market picks up momentum
Flex market picks up momentum
The flexible office market in Poland is growing rapidly. In the upcoming years, we can expect the pace of its development to accelerate. Currently, over 420,000 sqm of flex space a ...
Walter Herz
Optimism returns
Optimism returns
Lower interest rates in the eurozone and the easing of monetary policy in Poland are expected to revive investment in the real estate market. A noticeable increase in the value of ...
Walter Herz
Warehouse developers now more cautious
Warehouse developers now more cautious
Pre-leases are now an important criterium Currently, the highest investment activity is seen for projects that have a secured pre-leasing level of at least 50-60 pct of the spa ...
Avison Young