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Poland becomes most attractive investment site in central-east Europe

Xinhua, December 7, 2016 Adjust font size:

Poland is the most attractive investment site for developers in central-east Europe, the KPMG auditing and consulting agency has said in its Property Lending Barometer 2016 report, according to Polish Press Agency on Tuesday.

Transactions on the Polish real estate market in the first half of 2016 topped 2.07 billion euros and accounted for 40 percent of all such transactions in central-east Europe, KPMG wrote.

The report authors noted that Poland is still an attractive investment market for developers, which is best reflected in the financing of development projects by banks. Preferred are retail projects (over 50 percent of all projects, 1.02 billion euros), office space (786 million euros) and industrial facilities (261 million euros).

KPMG's construction and real estate consultant Steven Baxted said investment on the Polish developer market in the first half of this year rose by a whole 50 percent despite a simultaneous 30 percent drop in the rest of Europe.

According to KPMG, the current high on the Polish real estate market is the result of stable financing for development projects and high rivalry among financing banks. (1 euro = 1.07 U.S. dollars)Endit