Colliers International summarizes the activity on the Polish land market in the previous year and presents its forecasts for 2013.
As expected, 2012 turned out to be an attractive and optimistic year for the land market, best proven by the total volume of concluded deals. This doesn’t mean a return to growth trends witnessed before 2009, however. It is a sign though of systematic stabilization in this area of the economy, felt in particular by strong, capital healthy developers and investment funds. Investors most willingly bought land for office and residential development. Overall funds divided their investments by 85% for office and residential, 10% retail and 5% for industrial investment sites. Warsaw accounted for 80-85% of all land purchased for residential or office developments.
Despite the progressive stabilization on the land market in 2012, there were also some negative trends, a result of financial problems that led some developers and investment funds to sell their land or to offer for sale the investment areas taken-over by banks from their customers. It is also worth noting that, according to our forecasts, some business entities on the market were seeking possibilities of temporary or permanent cooperation with their competitors.
As expected, 2012 turned out to be an attractive and optimistic year for the land market, best proven by the total volume of concluded deals. This doesn’t mean a return to growth trends witnessed before 2009, however. It is a sign though of systematic stabilization in this area of the economy, felt in particular by strong, capital healthy developers and investment funds. Investors most willingly bought land for office and residential development. Overall funds divided their investments by 85% for office and residential, 10% retail and 5% for industrial investment sites. Warsaw accounted for 80-85% of all land purchased for residential or office developments.
Despite the progressive stabilization on the land market in 2012, there were also some negative trends, a result of financial problems that led some developers and investment funds to sell their land or to offer for sale the investment areas taken-over by banks from their customers. It is also worth noting that, according to our forecasts, some business entities on the market were seeking possibilities of temporary or permanent cooperation with their competitors.
