|
|
 |
|
Viewing report
|
|
|
|
Poland Real Estate Report Q3 2011
Business Monitor International, June 2011, Pages: 52
Business Monitor International's Poland Real Estate Report provides industry professionals and strategists, corporate analysts, real estate associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Poland's Real Estate industry.
The continuing good health of the commercial property sector is driven by the sustained growth of the Polish economy, which in turn is fuelled by improvements in the unemployment rate and growing consumer confidence. Foreign direct investment (FDI) and trade with EU countries are other factors. Key factors affecting the real estate industry include:
- The growth of retail sales, industrial output and the business services sector is leading to increasing demand for commercial space – which will continue at least throughout 2012. Across the board, we expect much of the existing available commercial space to be taken up through 2011 and onwards, as construction begins on more developments across the land.
- The building of new infrastructure – including roads, rail and the Warsaw metro line – across the country has opened up viable new areas for all sectors of the property market.
- Poland’s office real estate sector currently has one of the best prospects in the world, according to research by Jones Lang LaSalle. There is sustained demand, including from service providers who are already established or are looking at expansion. In the retail property sector, growth is fuelled by high retail sales. As consumer confidence is on the rise, so is consumer spending. In April 2011, retail sales (annualised for January-April) increased by 9.5% year-on-year. Poland’s industrial property sector is experiencing a pick-up in development activity, driven by increasing retail sales and industrial production.
- Increasing world energy and commodity prices threaten to put further pressure on prices and could possibly lead to a reining in of the economy by the central bank – the National Bank of Poland (NBP) – if it decides to tighten interest rates again. Further fiscal turmoil in the eurozone also threatens economic conditions and trade in the region, with subsequent fall-out for the Polish economy.
Product samples
A sample for this product is available. Please Login/Register to download this sample.
|
|
|
|
