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Shine comes off Polish real estate

Posted on 22 November 2012

The allure of Poland, once a star performer among Europe’s real-estate markets, is beginning to fade. As broader fears about European economic growth linger, investors in the Central European market are becoming increasingly selective, favoring well-situated retail properties and office buildings in major cities such as Warsaw, rather than in regional cities that once were popular.
Overall commercial sales volumes in Poland totalled €1.15 billion ($1.47 billion) in the first three quarters of the year, compared with €1.87 billion during the same period in 2011, according to real-estate advisory firm Cushman & Wakefield Inc. Real-estate brokers and analysts expect year-end deal volumes to weaken, unless growth improves across the euro zone………………………………………..Full Article: Source


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