The Polish economy remains on the growth path - CRE in Poland H1 2017 Market summary

+
-

19.09.2017

Poland is ranked as the 8th economy in the European Union and the largest country in CEE region. The stable economy, well-qualified workforce and high growth potential place Poland first as the best investment destination in region.

Although, lower predictability under the current government concerns some investors, Poland is still one of the best investment destinations in the region. Robust internal consumption, a positive trade balance and the  well qualified work force are the main foundations of  the Polish economy. Low CPI inflation, a tightening labor market and easing social policy also act to boost consumption. In Q1 2017 GDP growth amounted to 1.1% and it is estimated to jump to 3.5% annually at the end of 2017. The labor market continues to tighten, with unemployment down to a record low rate of 7.1% in June 2017, while employment and real earnings are rising by around 3% per year. Moreover, in the biggest cities like Warsaw, Krakow, Wroclaw or Poznan, the unemployment rates are estimated at the level 2.0% - 3.0%. Due to rising labor demand Poland attracts not only employees from the East like those from  Ukraine, but also young manpower from the Southern European countries....


Full version of the CRE in Poland commercial property report available here:


Share on Google+