Poland has diverged significantly from its neighbors in the south and east in terms of market trends and size. Considering the moderate national debt, essential improvements to the transportation infrastructure and the large pool of cheap and skilled labor Poland becomes an ideal market for investors noted within study "Poland: Focal point of international investors" published by research company IVG Immobilien AG.
The Warsaw office rental market has been experiencing a steep upswing since mid-2010, leading to a clear reduction in vacancies and a strong recovery in rent levels. Measured in terms of rental trends, the Warsaw market remains highly cyclical by European standards.
According to a forecast by IVG Research, the rental market is set to return to a more stable situation in the next two years: the expected high demand for office space in 2012 and especially 2013 will possibly be met by a large number of new construction projects, states Thomas Beyerle, Head of Research at IVG.
Rising outsourcing of sub-processes by international companies to Polish subsidiaries or specialized service providers has contributed to the increasing maturity of other office rental markets in large cities other than Warsaw. Consequently, there will continue to be a number of suitable investment opportunities on the market in 2012.
"However, more restrictive lending conditions imposed by real-estate financiers across Europe could prove to be an investment obstacle, although international banks offer relatively attractive conditions for investments in Poland", – predict the IVG analysts.
Source: http://www.europe-re.com/system/main.php?pageid=2616&articleid=19889