Investors on Poland’s property market expect a stable 2012, according to the latest report by CBRE. While finds the pace could be slowing slightly, the volume of investment is expected to remain on a similar level as in 2012.
Certainly €250m in investments across Poland in the first quarter of the year suggests that the Polish market enjoys strong resistance to the turbulent environment on EU’s financial markets. “Poland’s economic fundamentals remain strong, with impressive GDP, high level of industrial output, strong export and outstanding level of retail sales. In 2012, the major concern for the Polish economy and the country’s property market is the turbulent Eurozone environment fuelled by the budgetary instabilities of many EU economies,” said Colin Waddell, Managing Director of CBRE for Poland.
Meanwhile, supply on the office market has been growing in the first quarter of 2012, with a total of 48,000 sqm of space delivered to the city of Warsaw alone. The vacancy rate rose to 7.3 percent in Q1 2012.
