The investment volume on the Polish commercial real estate market is expected to reach EUR 4.3 bln in the second half of the year and this will drive the full figure for 2019 up to EUR 6.9 bln, according to Michał Ćwikliński the managing director of Avison Young Polska, who on September 10th gave a presentation at the 5th Invested Interest Investment Market Conference organised by Eurobuild CEE in the Westin Warsaw Hotel.
As he pointed out, though the figure is lower than last year’s EUR 7.2 bln, it fits in with the global trend, which is now heading down. “It’s worth pointing out that there is a strong demand for warehouses but investment product is lacking and it is very difficult for investors to buy real estate at good prices that meet the requirements for their business plans,” he explained.
He then also pointed out that this is the first time on the Polish market that the office sector has accounted for over half of the investment volume (55 pct while offices in Warsaw alone should account for EUR 2.3 bln over the entire 2019. “The future for the commercial real estate looks very good. It appears there is going to be a very active end to the year,” said he added. Yields are expected to be driven down even further despite having already reached record low levels.