Total volume of investment transactions in Poland during Q1-Q3 2014 amounted to ca. EUR 1.94 million reflecting ca. 7% drop year-on-year.
Taking into account pending transactions, we expect that the annual volume of transactions will reach ca. EUR 3.25 - 3.65 billion, provided that a few larger transactions in the retail and office sector will be closed in Q4 2014. This would reflect a growth of ca. 11% year-on-year.
German, UK and US investors dominated the Polish investment market having a share in the volume of transactions of ca. 84%. Domestic buyers accounted for ca. 7.4% of the volume which is slightly below the long term trend.
Increased interest of Asian investors is already visible in Europe and we expect that acquisitions of Korean National Pension Service will continue this trend in Poland.
Prime yields are stable across most markets and sectors and we do not expect any significant movements by the end of the year.
Source : Savills