Cushman & Wakefield estimates that the commercial real estate investment volume in Poland for the first half of 2024 was €1.76bn, representing an almost 80% increase compared to the same period in 2023, and of over 50% compared to the same period in 2022.

The investment market is experiencing a revival in the activity of investment funds, including Polish investors, with this year’s total investment volume likely to hit €4bn, the firm says.

This strong performance is attributed to lower interest rates and improving economic sentiment which is an additional incentive for buyers to invest in real estate. It is worth noting that the number of active investment funds is growing and the sector is also seeing transactions closed by domestic investors. Polish market players are filling the niche of lower-value deals by investing not only in developer projects but also in standing commercial buildings.

Krzysztof Misiak, head of Cushman & Wakefield Poland, says: “UK investors were the main driver of investment activity in the first half of 2024, raising their market share to 35%. The Polish market continued to see strong demand coming from Czech investors (19%), as well as domestic and Scandinavian market players expanding their presence in Poland - each group accounted for approximately 9% of the total investment volume.”