The transaction volume on the Polish real estate market hit €1.4bn in June, a substantial 33.3-percent increase compared with the first half of 2013. The result was mainly driven by office transactions, but market watchers point out that high returns on Poland’s warehouse deals have also attract many investors in the first half of the year. “While in the first half of 2013, warehouse deals constituted just 15 percent of the total transaction volume on the Polish market, in H1 2014, the percentage rose to nearly 22 percent,” said Piotr Mirowski of Colliers International, adding that demand for Polish warehouse deals remains strong, with a new batch of investors expected to enter the Polish market in the near-term.
Mirowski points out that with strong interest in Polish property investments, the country is expected to beat last year’s results, which totaled €33bn. “If we won’t achieve it, it will only be because of the shrinking supply of products available for sale,” he adds.
