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Poland not quite so transparent

Rafał Ostrowski 10 August 2018

Rafał Ostrowski

Journalist

+48 22 356 25 11
rafal.ostrowski@eurobuildcee.com

Rafał is a journalist at ‘Eurobuild CEE’. Previously he worked for Wydawnictwo Murator and for Shopping Centre Magazine, as well as for retailnet.pl. He has also written for many newspapers and magazines as a freelancer and published photo-reportages from his travels to Asia, where lived and worked for some time. Rafał graduated from the University of Warsaw in philosophy. He also completed postgraduate studies in text editing. He enjoys sailing, travelling and family life. For ‘Eurobuild CEE’ he specialises in eastern European markets and is responsible for the film direction of Eurobuild TV.

POLAND Poland is a less transparent real estate market than it was two years ago.

According to the Global Real Estate Transparency Index compiled by JLL, Poland has fallen seven places to 20th position worldwide, yet the Polish market still beat all other countries from Central and Eastern Europe, including the Czech Republic (23rd), Slovakia (which was among the top ten biggest improvers with a ranking of 27th), Hungary (28th) and Romania (29th). According to Mateusz Polkowski, the head of research and consulting at JLL, Poland's strong showing is due to several factors, such as the increase in supply, the access to reliable market and transactional data and also the access to professional valuations and analyses.

“Poland continues to be the most attractive business location in the CEE region. This is confirmed by the high investment figures and the solid growth of the sector. This does not mean, however, that there isn't room for improvement. The important thing is to improve the transparency of legislation by such measures as changing the basis for the commercial real estate transaction tax and introducing a new property tax. It is also of the utmost importance to work closely with investors by, for example, inviting them to consult on draft legislation so that sophisticated legal changes are only introduced in a gradual manner. Such a change in our approach towards those investors who place their capital on the Polish market will contribute to strengthening our leading position in commercial real estate in this part of Europe”, claims Tomasz Trzósło, the managing director of JLL Poland.

According to the index, the world's most transparent markets are the United Kingdom, Australia, the United States, France, Canada, the Netherlands, New Zealand, Germany, Ireland, Sweden and Finland.


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