Warsaw Real Estate sector includes warehouse, residential spaces, retail shop and office buildings. Presently, the supply of spaces for official purpose in Warsaw exceeds around 1.4 million square meters. Some of them are meant for sale whereas some are currently available for rent. During 1999-2000, its market took away several Class A buildings, including the Warsaw Reform Plaza, Financial Centre and Warsaw Trade Tower.
Shopping centers are quite a new development in Poland.
Warsaw houses diverse types of Polish properties. Especially after the opening of Galeria Mokotów and Sadyba Best Mall, Warsaw has once again come to limelight.
The most remarkable investors in this Warsaw Real Estate industry are as follows:
- Apsys
- Casino
- Steen and Storm
- Globe Trade Center
- Metro
- I.T. International Theatres
The emergence of these newly constructed shopping malls have given rise to plenty of entertainment and leisure facilities, often build in those centers. With the assistance of the advertisements in dailies, the supply of space for residential purpose has almost crossed real demand. Most of them are meant for sale.
Skanska, J.W. Construction, Viterra Baupartner and Echo Investment are said to be the largest investors of this residential sector in Warsaw. An approximate price rate per square meter in Warsaw is around 3,000-4,000 zl (750$-1000$).
Moreover,
Warsaw Real Estate, rental residential space supply is also exceeding real demand. The most preferred location for residential properties is as follows:
- Centre of Warsaw
- Upper Mokotow
- Old Zoliborz
- Saska Kepa
- Ochota, Wilanow
- Ursynow-Kabaty
The price range for renting apartments in the heart of Warsaw is approximately 10-15$ per sq m. There are many Warsaw Real Estate agents who assists people to purchase or rent properties in Warsaw.
