Departing from the plot

Investment land trading has not, after all, died. Reports of its death have been greatly exaggerated - or so those working on this market claim. In fact, 2012 was quite a good year for the segment. According to estimates by Colliers International, the volume of transactions came to around PLN 1.5 bln for the entire year, an improvement on the 2011 result, when investors spent app. PLN 1.2-1.3 bln on purchasing investment land. This year is also promising a transaction volume close to last year's result. Interestingly, the increase in turnover is largely the result of a change in the strategy of sellers, who have become more flexible in their negotiations. This has borne fruit in the form of lower prices and has revived this segment of the property sector. The day of the vulture?Does the increasing transaction volume for investment land herald a thaw on the property market? Not exactly. Investors and developers continue to struggle due to the fallout from the credit crunch: limited acc