How Polish property came of age

Since the year 2000, that is, in the early days of Eurobuild CEE, almost EUR 85 bln has been invested in the Polish real estate sector. Back then, the market was still very much in its infancy, just a decade after the end of communism. But the extent to which it has been transformed can best be seen by comparing the investment volumes of the time, which were in the low hundreds of millions of euros, to the several billions that are regularly transacted each year. In fact, the total volume first exceeded the billion mark in 2004, before really taking off in the boom year of 2006, when around EUR 4.5 mln was transacted and when international investors really began to get involved following the country’s EU accession in 2004. Coincidentally, this is around the same figure that is projected for this year, but as we will see, the market has been through many ups and downs since then. From risky to a sure bet “In the years 2000–2003, Poland’s investment market was c