Small properties, big money

According to research by Cenatorium, the value of investment property transactions (of unit prices ranging from PLN 2 to 20 mln) amounted to app. PLN 20–22 bln (app. PLN 18 bln) in 2014. The final data for 2015 has not yet been published due to the scale and fragmentation of the market – app. 30,000 transactions take place on the market every year. “Based on the transactions that have been analysed, the turnover of residential and service properties increased by 4 percentage points – in terms of both number and property value in 2015, while the share of business units in the total turnover increased by 3.5 percentage points,” Cenatorium’s experts reveal. “As we expected the number of smaller office properties sold decreased by 2 percentage points last year. Investment in retail and service as well as residential and service properties were the most popular,” they add. The main players on this market are local entities who are familiar wi