The temperature at ground level

When we looked at the land market over three years ago, it was only just beginning to revive. Developers of all sectors were shopping for plots in Poland, but they were still very selective. However, this did not prevent PLN 1.85 bln being invested in it in 2014. In 2015 the figure grew to PLN 2.5 bln and in 2016 reached somewhere between PLN 3 bln and PLN 4.5 bln – depending on the methodology used for calculating this. What kind of figure will we be looking at for this year? Most experts are in little doubt that the volume will exceed PLN 5 bln. “We expect that the total value of land transactions will surpass last year’s record level of PLN 3 bln, reaching a value close to PLN 5.5 bln; however, the growth will not be the same for all the market segments,” predicts Emil Domeracki, an associate director in the investment consultancy department at Colliers International. Land prices in some sectors seem to have been growing faster than the speed of light, but in