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Sections |
| Title | Starting Page | Number of Pages |
|---|
| Residential Real Estate | 5 | 1 |
| Polish residential market is relatively mature compared to other markets in Central and Eastern Europe. More than 130,000 residential units were built in 2007, which was the largest output in several years. A total of 250,000 building permits, up 48% on th | 5 | 1 |
| In Warsaw alone, 20,000 dwellings were built in 2007, from 17,000 in 2006. The total market value of newly-delivered apartments in 2008 is projected to reach PLN 13 bln. | 5 | 1 |
| Poland's residential market marked a slight increase in 2006, which was attributed to the increased price of land, the efflux of construction workers from the country, as well as the tightening of mortgage loans terms in Swiss francs. Demand continued to e | 5 | 1 |
| Office real estate | 6 | 1 |
| In 2007 the Warsaw office market expanded by a total of 197,000 sq m of modern office stock, below the expected 250,000 sq m, and brought the overall stock to 2.7 million sq m. In 2008 an additional 500,000 sq m is expected to be delivered. | 6 | 1 |
| The supply of modern office space increased by 13% year-on-year in 2007, whereas the demand in the segment rose 20%, which led to a reduction of office space vacancy rates to 3.6%, but increased the rents. On the whole, the supply of new office space is in | 6 | 1 |
| Total office stock in Warsaw amounted to 2.557 million sq m in 2006, of which 40% was located in the centre of the city, and the rest in non-central districts. The new delivery accounted for 190,000 sq m. The expectations for the whole 2006 were for 200,00 | 6 | 2 |
| Retail real estate | 8 | 3 |
| Residential real estate | 11 | 1 |
| Demand for residential property remained high in 2007 but slowed down in the second half of the year. The estimated deficit for residential real estate in Poland amounted to 1.5 million flats. | 11 | 1 |
| In 2007 two trends became prominent on the Polish residential market. First, buyers became more knowledgeable and aware of features such as prestigious location, high standards of finish and layout functionality. Second, the payment system developed to mee | 11 | 1 |
| Most preferred housing units in the last couple of years were newly-built 2-3 room apartments with an area between 55 sq m and 80 sq m, as well as single-bedroom apartments in the city centres. In 2007 there was high demand for small apartments of up to 60 | 11 | 1 |
| After the significant rise in 2004, residential prices in 2007 reached a stable level, which is likely to retain in the long run. Buyers carefully considered the offers before purchasing property because of high interest rates and stricter mortgage conditi | 11 | 1 |
| Warsaw is still the most expensive city to buy property. However, a tendency is observed for Krakow to overtake the capital in terms of residential property prices. | 11 | 6 |
| Zlote Tarasy is a 225,000 sq m mixed-use development including 63,500 sq m of retail and leisure space. The project was developed by ING Real Estate at a cost of around EUR 400 mln. Rodamco Europe will acquire a 50% stake upon completion. Zlote Tarasy open | 17 | 1 |
| Austrian real estate developer Raiffeisen Evolution Project Development GmbH invested EUR 200 mln in middle-class housing estates in Poland, the company announced in November 2006. Company investments in Poland equalled one fifth of company investments in | 17 | 1 |
| Poland Business Park, a subsidiary of local real estate developer, AIG Lincoln Polska, planned to invest about EUR 100 mln euro in the construction and design of a building complex in the city centre of Radom, central Poland. Construction began in 2007 and | 18 | 1 |
| In October 2006 U.S. real estate developer and provider of logistics and warehouse facilities, ProLogis, completed construction of a EUR 77 mln logistics centre in Chorzow, southern Poland. The 146,500 sq m centre, comprising cold storage buildings for lig | 18 | 1 |
| The Polish branch of ECE Projektmanagement opened Galeria Krakowska in Krakow in October 2006. The shopping mall covers 60,000 sq m and has 270 stores. The total cost of the investment was EUR 250 mln. | 18 | 2 |
| Infrastructure investments for the forthcoming European football championship Euro 2012, are expected to stimulate local residential projects in the cities that will host the matches. | 20 | 3 |
