Warsaw dropped in top European investment targets listing by PwC and Urban Land Institute (ULI) and it is now 17th location in the region. The survey gathered the opinions of more than 500 real estate experts active in the European markets, who found that despite the rent fall from favor, Warsaw remains an attractive investment target, comparable to Berlin, Hamburg, or Dublin.
“It’s been mainly driven by this belief that Warsaw is relatively expensive, which makes other European cities more able to provide higher returns,” says PwC Kinga Barchoń, who says this is the same reason that Budapest advanced in the listing from 22nd to 13th position.
Still, Warsaw is still top dog in Poland, despite a growing role for the country’s secondary markets. The report anticipates that demand for new office space from BPO and SCC sectors in Łódź, Poznań and Gdańsk will grow to 1.6m sqm of space.
