Investor appetite has translated into high transaction volumes which stood at approximately 1 billion Euro. This is one of the trends discussed in “At a Glance. Polish investment market, Q2 2017” report.
The long-awaited introduction of legal framework for operation of REITs will have a positive impact on the Polish commercial property market, and at the same time will increase the share of Polish capital in a market currently dominated by foreign players. Furthermore, the introduction of REITs will deliver a positive message to the domestic capital market, and as a result of establishment of a uniform legal and institutional system for operation of this type of companies, the market will significantly improve its liquidity
Piotr Goździewicz, Director, Capital Markets, Central and Eastern Europe, BNP Paribas Real Estate Poland
For the last several quarters investors have with increasing attention been analysing the possible risks relating to the changes in the Polish tax system. The latest proposals for amending the PIT and CIT act could in fact at best result in the holding back of investment decisions, and at worstlead to investors’ withdrawal from property purchases. This would not be beneficial to the property market and the economy
Anna Staniszewska, Head of Research and Consultancy, BNP Paribas Real Estate Poland