Polish Property Attracts Investors With Better Returns Than London, Paris

European real-estate investors are lining up to do deals in a market where they can find better returns than in London, Paris or Berlin: Warsaw.

"Everyone looks to Poland for better yields," said Barbara Knoflach, CEO of Frankfurt-based SEB Asset Management AG, which paid 93 million euros in March for the Trinity Park III office building in Warsaw. "The Poland story is a mixture of its size and the belief that it will become one of the more important countries in Europe."

bloomberg.com/news/2010-10-20/poland-may-raise-rates-after-inflation-touches-bank-s-target-chart-of-day.html

Seems that Poland will be the big playa in a couple of years!

Soon they will not talk about Paris, instead Warsaw will be on everyones lips!

This is the worrying part:
Overseas investors drive Poland’s real estate market, since local pension funds are prohibited from owning property and domestic money managers lack the money to purchase large, new office complexes and malls. Property sales in the country fell to 770 million euros last year from more than 5 billion euros in 2006, Real Capital Analytics data show.

You don't have to be a rocket scientist to realise, they can work their magic upwards. Warsaw is full of real estate for sale or lease,so I find it difficult to believe 100%, but I hope prices move upwards as I am in it.

How come?


Just give Poland a couple of more years and you will see that we will be the new Estate Barons!

Maybe the government have not accepted the asset class.

Polish bureaucracy at its best!