Polish land in demand
Investment & financeschedule 29 January 2015
Daniel Puchałski, the director of the investment land service at JLL in Warsaw
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POLAND Transactions on the residential land market will be dominant in 2015. They also dominated last year and turned out to be so attractive that investors from Saudi Arabia, the United Arab Emirates, India, the Republic of South Africa and China have been coming to Poland to survey what is on offer –these are some of the conclusions of Daniel Puchalski, the director of the investment land service department at JLL, while recently discussing the consultancy’s ‘Investment Land Market in Poland’ report.
. Increased activity over residential land has been observed by JLL experts since the end of 2013. Record high apartment sales, the ‘Apartments for the Young’ programme and the relatively good availability of mortgages have encouraged developers to replenish their land banks. Plots covered by a local zoning plan or site development conditions, or even better a building permit and a construction design, are the most in demand. Developers operating in Poland had PLN 1.6–1.7 bln to spend on n
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