Knight Frank – Polish Real Estate Market, 2024

In 2024, the macroeconomic environment in Poland showed significant improvement, with a real GDP growth rate of 3%, positioning the country as one of the fastest-growing economies in the EU. This growth is driven primarily by domestic consumption, supported by rising wages and low unemployment rates. The projected GDP growth rate for 2025 is 3.4%, maintaining Poland's position as one of the highest-growing economies in the EU. However, challenges such as weakened domestic demand and restrictive monetary policy, along with external factors like stagnation in Germany, are impacting the Polish economy. In the real estate market, occupier demand remains stable, driven by various macroeconomic factors and long-term trends. Despite this stable demand, the market is struggling to absorb the significant amount of space delivered in previous years, slowing down developer activity in both the office and warehouse sectors.