The year 2024 was an exceptionally dynamic year for Poland, with a strong rebound in the investment market.
The Market Outlook 2025 report presents a detailed analysis of the Polish real estate market. You will learn about the economic prospects, which sectors are recording the greatest growth, and what challenges the market faces in 2025. The analysis includes detailed data on individual sectors: residential, industrial, office and commercial, as well as the hotel market. We invite you to read the report to gain comprehensive knowledge about the future of the Polish real estate market.
In the report you will find data on, among others:
- Economic prospects
- The Polish economy will continue to grow in 2025, driven by private consumption, investment and exports, with GDP growth forecast at 3.4%.
- Inflation is on a downward trend, which opens up the possibility of lower interest rates.
- The labor market remains in excellent condition with a record low unemployment rate.
- Investment market
- The Polish real estate investment market will maintain its growth momentum in 2025.
- Core ” and “ core -plus” investment strategies dominate , but “ value-add ” asset transactions also take place.
- Poland is the most attractive market for international investors in Central and Eastern Europe.
- Housing market
- Poland continues to experience a large housing deficit.
- The rental housing market is growing dynamically, especially the Build to Rent sector.
- The market is waiting for a positive impulse, e.g. a reduction in interest rates, to improve the availability of apartments.
- Industrial and logistics market
- Demand for industrial and logistics space remains stable despite a slowdown in the delivery of new resources.
- The vacancy rate has stabilized, giving tenants greater negotiating power.
- The new market dynamics are shifting the negotiating advantage from landlords to tenants.
- Office market
- The Polish office market is in a correction phase, with limited supply growth.
- Tenants are focusing on quality over quantity, which is driving demand for high-quality central spaces.
- We are observing a polarization of the market, with a clear division into sought-after and less popular locations.
- Trade market
- Consumer fundamentals will continue to improve, driving growth in tenant activity.
- Retail parks dominate the market, but shopping centres are adapting to changing consumer needs.
- There has been a decline in the vacancy rate in the largest cities.
- Hotel market
- Demand for hotel accommodation is returning to pre-pandemic levels.
- The supply of hotel rooms is growing, especially in high-standard facilities.
- Challenges for the industry include recruiting staff and rising operating costs.
- Sustainable development in real estate
- Sustainability is a key factor when making investment decisions.
- Properties that fail to meet sustainability standards risk downward price pressure.
- Assets with strong sustainability credentials are likely to benefit from stable income.