{"id":25884,"date":"2023-03-09T08:24:24","date_gmt":"2023-03-09T07:24:24","guid":{"rendered":"https:\/\/bpcc.org.pl\/?p=25884"},"modified":"2023-03-09T15:52:27","modified_gmt":"2023-03-09T14:52:27","slug":"prospects-for-the-real-estate-and-construction-sectors-in-poland-in-2023-2","status":"publish","type":"post","link":"https:\/\/dev2.bpcc.org.pl\/pl\/prospects-for-the-real-estate-and-construction-sectors-in-poland-in-2023-2\/","title":{"rendered":"Prospects for the real estate and construction sectors in Poland in 2023"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"25884\" class=\"elementor elementor-25884\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c27baf3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c27baf3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0c0097b\" data-id=\"0c0097b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f3ce927 elementor-widget elementor-widget-image\" data-id=\"f3ce927\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"568\" src=\"https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/03\/PM1-1154x640-1-1024x568.jpg\" class=\"attachment-large size-large wp-image-25886\" alt=\"\" srcset=\"https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/03\/PM1-1154x640-1-1024x568.jpg 1024w, https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/03\/PM1-1154x640-1-300x166.jpg 300w, https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/03\/PM1-1154x640-1-768x426.jpg 768w, https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/03\/PM1-1154x640-1-1080x599.jpg 1080w, https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/03\/PM1-1154x640-1.jpg 1154w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8b70d3a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8b70d3a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-76db0c2\" data-id=\"76db0c2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-69d48e2 elementor-widget elementor-widget-text-editor\" data-id=\"69d48e2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>\u00a0<\/p><p><strong>The BPCC\u2019s Real Estate &amp; Construction working group holds quarterly meetings that bring together developers, contractors, subcontractors, engineers, architects and real-estate consultants, to discuss prospects for the coming quarter and beyond. Held under the Chatham House rule (you can say what was said at the meeting, but you can\u2019t say who said it) to encourage openness, the idea is to share insights about current and future prospects for the sector. Participants discussed the state of trade, investment pipeline, input price factors such as building material costs and access to skilled labour \u2013 and how these translate into prospects for supply and demand, yields and vacancy rates.<\/strong><\/p><p>The entire sector is facing a turbulent year, with many uncertainties. Will the Polish government unblock the EU funds earmarked for infrastructure development? Will the war in Ukraine come to a quick and just end, to be followed by massive reconstruction effort across Poland\u2019s border? Will inflation be brought under control? How will the post-pandemic return to office work finally look \u2013 and how will this affect demand for commercial property? Will the boom in industrial property \u2013 warehouses and factories \u2013 continue, and if so, for how long? These questions and more were discussed by representatives from across the sector.<\/p><p>BPCC members met at the new offices of PM Group in Warsaw\u2019s Wola district \u2013 an example of how inward investment in the shared-services sector has transformed once-drab parts of the city into attractive a modern business hub \u2013 for an open discussion that gave many insights. There was also a chance for participants to take a tour around the office and see its features, which take account of the new realities of office work.<\/p><p>After an introduction with an overview of the sector by region and by property types, members introduced themselves and their businesses, and spoke about current market conditions as they experienced them. Interesting growth areas include the continued rise of data centres and back-up offices for the larger shared-services centres. Flexspace remains in demand, with developers creating offices with a mix of traditional and co-working areas.<\/p><p>At the heart of the sector\u2019s future challenge lies the fact that while over the past 12 years, building costs have doubled, rents have only risen by between 10%-25%. Meanwhile, there\u2019s no clear picture of future demand for office space \u2013 it might take another two years to see outcomes. Poland, however, compared to Western Europe, remains relatively cheap.<\/p><p>A major issue affecting investors and developers is the permitting system in Poland. Differences in the way land-use regulations are interpreted from region to region is a problem, a lack of clarity and predictability means that Poland is losing out to competitor economies such as Romania, Czechia or the Baltics where planning is more transparent and less complicated. There is, as a result, much risk associated with developers\u2019 plans being delayed or even stopped.<\/p><p>Participants spoke of the potential pipeline of work in Ukraine after the war comes to an end, with Poland being seen as a natural base for major construction projects. So in many ways, 2023 is very much seen as a \u2018wait and see\u2019 year by many firms in the sector.<\/p><p>Future meetings already planned include one in February about communications between local authorities and private-sector developers, investors and contractors; and there was much demand for a meeting among participants about the vexed questions of land use and planning permissions.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b554efb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b554efb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-9f912e9\" data-id=\"9f912e9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c508629 elementor-widget elementor-widget-image\" data-id=\"c508629\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"681\" src=\"https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/03\/PM3-1024x681.jpg\" class=\"attachment-large size-large wp-image-25895\" alt=\"\" srcset=\"https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/03\/PM3-1024x681.jpg 1024w, https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/03\/PM3-300x200.jpg 300w, https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/03\/PM3-768x511.jpg 768w, https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/03\/PM3-391x260.jpg 391w, https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/03\/PM3-1080x719.jpg 1080w, https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/03\/PM3.jpg 1154w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-f331d66\" data-id=\"f331d66\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cc4a978 elementor-widget elementor-widget-image\" data-id=\"cc4a978\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"681\" src=\"https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/03\/PM2-1024x681.jpg\" class=\"attachment-large size-large wp-image-25892\" alt=\"\" srcset=\"https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/03\/PM2-1024x681.jpg 1024w, https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/03\/PM2-300x200.jpg 300w, https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/03\/PM2-768x511.jpg 768w, https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/03\/PM2-391x260.jpg 391w, https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/03\/PM2-1080x719.jpg 1080w, https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/03\/PM2.jpg 1154w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The BPCC\u2019s Real Estate &#038; Construction working group holds quarterly meetings that bring together developers, contractors, subcontractors, engineers, architects and real-estate consultants, to discuss prospects for the coming quarter and beyond.<\/p>\n","protected":false},"author":1,"featured_media":25889,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[76],"tags":[],"ppma_author":[308],"class_list":["post-25884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-contact-magazine","author-bpcc_en","et-has-post-format-content","et_post_format-et-post-format-standard"],"acf":[],"authors":[{"term_id":308,"user_id":0,"is_guest":1,"slug":"bpcc_en","display_name":"British Polish Chamber of Commerce","avatar_url":{"url":"https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/01\/Vertical_logotype_red_crown_transparent.png","url2x":"https:\/\/dev2.bpcc.org.pl\/wp-content\/uploads\/2023\/01\/Vertical_logotype_red_crown_transparent.png"},"first_name":"","last_name":"","user_url":"","description":"Since 1992, the British-Polish Chamber of Commerce has been working on behalf of its member companies in two areas - business development and the business environment. By offering extensive networking opportunities - at events and through its digital media - the BPCC helps to connect companies for mutual tangible benefits. \r\n\r\nThe BPCC is the first point of contact for all investors who see Poland as a convenient location to start an investment. 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