The lay of the land

The current state of the land market is best summed up by Krzysztof Cipiur, the director of capital markets at Knight Frank in Poland: “The development of the land market is currently stable, with the highest demand observed in the residential and living sectors on commercially zoned land. Investor and developer interest from the living sector is focused primarily on the largest cities – Warsaw, Kraków, Wrocław and Gdańsk – followed by Poznań and Łódź. The most expensive land is located in central areas of Warsaw, Kraków, and Gdańsk. The demand for land designated for office development is being seen almost exclusively in Warsaw’s city centre,” he says. This viewpoint is confirmed by Polish land management and analysis company Hectares Management, in its ‘Raport Nieruchomości Gruntowe 2024/2025’, which cites figures provided by Otodom that reveal that land prices are either rising or remain stable in Poland. The highest prices can be