Cushman & Wakefield has predicted sunny skies for Poland’s economy in 2011.
The company’s Spring 2011 Marketbeat report predicts that Poland, one of the key strategic and best performing markets in the CEE, will remain on a steady growth path. GDP is forecast to grow over 4% in 2012, buoyed by rising wages , readily available consumer credit, and a strengthening currency, though inflation is also set to rise on the heels of a January interest rate hike.
The report found that transaction volume in the Polish market totalled around 2 billion euros in 2010, the highest figure since the peak in 2006-2007. The office leasing market also posted a strong recovery last year, with net absorption amounting to 180,000 m2, down by 33% from record-setting 2008, but up 55% from 2009.
Top image credit : Photobank gallery