Property Update Summer 2010

Skanska, a construction and development firm operating in Poland sell 27,000 m² office building with fully leased space for €76.5m (reports Construction Poland), the Skanska website has a flood of recent announcements on new property developments.

As Jan Cienski reports in a ft.com/beyondbrics blog from last month, Poland is currently the biggest construction site in Europe with new road construction, funding from the European Union, power generation investment, modernizing railway lines and home building also looking to revive.

Property prices experienced high growth rates in recent years, particular in the years after Poland joined the European Union. Prices cooled significantly since 2008, but they haven’t fallen as much as property prices in the UK and are starting to revive. Poland can still offer investors great opportunities. Apartment flats are most common and offer easy maintenance and rental, if you look carefully you can still find flats available for as little as £20,000.