Poland is located in central Europe and it is one of the most beautiful countries of the world. Poland was once an interesting spot for the commercial real estate investors. But the global financial crisis caused the interest to shift to other places. The commercial real estate sector of Poland showed its worst condition during the last year. From the start till the end of the year 2009 only 20 transactions worth 698 million Euros were carried out. It was the lowest for Polish commercial real estate as compared to previous years.
But the year 2010 have come up with some positive signs for the Polish commercial real estate market and the investment during the month of January and February only amounted equal to that in the crisis period. Looking up to this progress of Poland’s commercial real estate market it is forecasted by the experts that if the commercial real estate market continues to show the similar trend and grows with the same pace then by the end of the year 2010 Poland’s commercial real estate will be able to show transactions worth 2 billion Euros. The growth in the Polish commercial real estate sector is expected to be almost 3 times more than the last year. This growth in the commercial real estate market of Poland is attributed to the steps taken in 2009. The reason for Polish real estate market decline was attributed to high vacancy rate, empty warehouse space, low office take-ups and gap between demand and supply.
However, the year 2010 is wished to show positive forecast for the commercial real estate sector but experts say that the actual recovery in the commercial real estate of Poland will be experienced in 2011. The previous year has declined the development activity in the real estate sector which will allow the demand and supply to get leveled.
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