22.11.2012 - Shine comes off Polish real estate
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
Print