2012-05-05 03:33:52 -
Recently published research from Business Monitor International, "Poland Real Estate Report Q2 2012", is now available at Fast Market Research
Poland is one of few major economies in Europe to have escaped recession, although it is vulnerable to any downturn in the neighbouring eurozone. Economic growth is, notwithstanding, expected to continue during 2012, with substantial foreign direct investment (FDI) in particular going into the office, retail and warehousing sectors. Most of the key players in the development sphere are transnational firms operating across the region. Even so, many are openly stating that Poland is their best market at present.
Poland's centre-right Civic Platform government was re-elected with a working majority for four years in October 2011, and while it may seek to reduce public spending this is felt to be unlikely to affect infrastructure investment.
Key factors affecting the real estate industry
include:
* Numerous projects planned or under construction, but not so many as to create a glut of new property.
* Attractive economic fundamentals. We expect real GDP to grow by 3.5% in 2012.
* The building of new infrastructure, including roads, rail and the Warsaw metro line, across the country has opened up viable new areas for all sectors of the property market and retail, and other developments are now being seen beyond major urban centres.
* Sustained demand, including from service providers that are already established or are looking at expansion. Retail property growth is fuelled by high retail sales. Investment sentiment continues to be 'very positive', with transaction volumes reaching 91% of the 2010 total by Q311, JLL has said.
* The 2012 UEFA European Football Championship, hosted by Poland and Ukraine. This has required investment in large numbers of construction projects.
Full Report Details at
-
www.fastmr.com/prod/359576_poland_real_estate_report_q2_2012.asp ..
The risks for the real estate market are essentially economic:
* As growth is based on exports, should the external economic picture deteriorate more quickly than we expect this would have a harmful effect on the economy (and naturally its need for commercial space).
* The Tusk administration will seek to cut spending to bring the deficit-to-GDP ratio below the EUmandated 3.0% in 2012, from the 7.8% in 2010 and the 6.2% forecast for 2011, although this is unlikely to hit the infrastructure sector, where relatively poor conditions still hamper growth.
* Although Poland is not a member of the single currency, and is therefore protected from the eurozone turmoil to some extent, continued economic upheaval in the eurozone would affect the export markets on which Poland relies (and so its wider economy).
Report Table of Contents:
SWOT Analysis
- Poland Real Estate/Construction SWOT
- Poland Economic SWOT
- Poland Political SWOT
- Poland Business Environment SWOT
Real Estate Market Overview
Market Analysis - Office
- Supply And Demand
- Rents And Yields
- Table: Historic Rental Costs, 2010-2011 (US$ per square metre per month)
- Table: Net Yields, 2011-2012 (%)
- Table: Terms Of Rental Contract/ Leases, Mid-2011
- Industry Forecast Scenario
- Table: Forecast Rents, 2012 (US$ per sq m/month)
- Table: Net Yields, 2008-2016 (%)
Market Analysis - Retail
- Supply And Demand
- Rents And Yields
- Table: Historic Rental Costs, 2010-2011 (US$ per square metres per month)
- Table: Net Yields, 2011-2012 (%)
- Table: Terms Of Rental Contract/ Leases, Mid-2011
- Industry Forecast Scenario
- Table: Net Yielda, 2008-2016 (%)
- Table: Forecast Rents, 2012 (US$ per sq m/month)
- Table: Poland's Retail Sales Indicators, 2008-2016
Market Analysis - Industrial
- Supply And Demand
- Rents And Yields
- Table: Historic Rental Costs, 2010-2011 (US$ per square metres per month)
- Table: Net Yields, 2011-2012 (%)
- Table: Terms Of Rental Contract/ Leases, Mid-2011
- Industry Forecast Scenario
- Table: Forecast Rents, (US$ per sq m/month)
- Table: Net Yields, 2008-2016 (%)
Construction Industry Outlook
- Table: Poland's Construction And Infrastructure Industry, 2008-2016
- Table: Poland's Construction And Infrastructure Industry, 2013-2021
- Construction and Infrastructure Industry Forecast Scenario
Macroeconomic Outlook
- Table: Poland - Economic Activity
Business Environment
- Real Estate/Construction Business Environment Ratings
- Table: Real Estate/Construction Environment Ratings
- Poland's Business Environment
- Table: BMI's Business And Operation Risk Ratings
- Institutions
- Table: BMI's Legal Framework Ratings
- Infrastructure
- Table: Labour Force Quality
- Market Outlook
- Table: Foreign Direct Investment Inflows Into Emerging Europe, 2006-2008
- Table: BMI's Trade And Investment Ratings
- Table: Poland's Top Export Destinations, 2002-2009 (US$mn)
- Security Risk
Competitive Landscape
Company Profiles
- Atlas Estates
- Plaza Centers NV
- TriGranit
BMI Methodology
- How We Generate Our Industry Forecasts
- Construction Industry
- Bank Lending
- Real Estate/Construction Business Environment Rating
- Table: Weighting Of Indicators
- Sources
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at
www.fastmr.com/catalog/publishers.aspx?pubid=1010
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