Pandemic without any impact on perception of Poland in international arena
The summary of the first three quarters on the investment market shows that this area is more resistant to the crisis that the economy is experiencing during the pandemic. The transaction volume recorded a result of almost €4 billion and was slightly lower compared to the same period last year.
“Poland ranks first in the Central European region in terms of the total volume of commercial real estate transactions. The Czech Republic, which is in second place, recorded a result almost two times lower – €2.1 billion. Other countries are much further – Romania with €820 million, Hungary – €763 million. This clearly shows that Poland has a strong position in this part of Europe, and investors confidently allocate their funds here. Taking a closer look at the sources of capital that flowed to Poland in the first three months, nearly half (49 percent) came from Europe, and an increase of 8 percent compared to 2019 allows us to assume that nowadays it is safer to invest closer. As it turns out, the capital from Asia, which has quite high requirements for the entire process, also increased its share from 19 percent to 25 percent. We saw a decrease in the inflow of capital from the USA, which in 2019 was 18 percent, and this year it was 8 percent,” Grzegorz Chmielak, Partner, Head of CEE Valuation & Advisory at Knight Frank, explained.
(WBJ)
