Investment lands in Poland again in the game. It will be a breakthrough year

The year 2025 for the Polish investment land market promises to be a time of rebuilding potential, not a period of spectacular transactions. Although in recent months we have been observing an increase in the number of finalized contracts, each of them is accompanied by detailed analyzes and a cautious approach from buyers. Investors return to the market, despite the fact that the current conditions are much more demanding than in previous years.

Investment land market – there is a revival

According to experts, investment recovery does not mean a return to the expansion scale that we could observe before Pandemia.

– The period of increased transactional activity visible in 2021 and 2022 aroused emotions, but equally quickly cooled them with the lack of government support programs, the lack of a coherent planning policy and restrictive credit policy, which still persists in today and results in the selective approach of banks to projects – says Emil Domeracki, partner, Board, Board Land Development Advisory, Walter Harz.

As he notes, today the microanalytical approach dominates. Capital is looking for land for specific types of projects-primarily investments with confirmed demand potential, such as PRS projects, municipal warehouses and mixed-USE facilities in provincial cities. Lands for housing are also particularly intensively obtained.

Investment land market – cautious optimism

According to experts, after a long period of “Wait and See” many return to an active search for investment opportunities. Investors are visible, the moods of cautious optimism, but 2025 promises to be much more transactional compared to the past year, abundant in a larger number of transactions, especially in the second half.

– In anticipation of the greater share of Western European capital, implemented investments are based to a large extent on “neighborhood transactionality”, mainly Czech, German and Baltic countries. Local capital investors also reign on the market, not associated with the development industry, who actively invest and begin to play an increasingly significant role in the stable structure of ground acquisitions – notes Emil Domeracki.

Investment land market and global context

In recent months, global economic changes have a significant impact on the investment land market in Poland, including the last commercial tensions between countries. Poland, thanks to its stable economy and strategic location, attracts investors looking for alternative locations for their operations. Detailed analyzes return, among others land for warehouse projects, data center, energy warehouses and other commercial investments.

– friction between the USA and China, related to the policy of customs, lead to transformations into global supply chains, which has an outlet in the number of inquiries about new logistics spaces in Poland, among which there are also many queries from investors from the Middle Kingdom – believes Domeracki.

He adds that despite global challenges, Poland remains attractive to foreign investors. Estimated average GDP growth at 3.4 percent In the years 2025–2026 and the influx of foreign direct investments make our market competitive when it comes to investments in real estate and land. In this context, investors perceive land investments as a safe haven for capital.

– The increase in interest is especially true for land for housing and agricultural land with the option of transforming. This trend is visible primarily in regions with high urbanization potential. At the same time, the constant fear of investors is related to planning instability and issues that remain unregulated in this regard, which has a direct impact on the calculation of parameters for the investments prepared – says the expert.

As he notes, new investors from Turkey or the Mediterranean pool decide on a price race, while eliminating the risk of entering by focusing on smaller and safe investments.

Investment land market – urgently needed legislative changes

One of the main challenges for the investment land market in Poland is the low level of coverage of local spatial development plans, covering only 30-40 percent. country.

– Investors are forced to wait long for building conditions (WZ), which can be unpredictable, depend on the discretion of the offices and are often simply not issued. The revolution related to the general plans related to the band of continuous analyzes and subsequent changes in the dates of their implementation by the rulers, which deepens the legislative chaos – believes Domeracki.

In his opinion, simple, digital and predictable procedures are necessary to improve the situation. The changes should include, among others The abolition of environmental decisions for low -impact investments, such as warehouses or services, and creating a catalog of such projects. It is also worth implementing the digitization of land and mortgage registers and creating a nationwide register of investment areas. It would also be an important step to simplify the rules for excluding land of the 4th and 5th grade from agricultural production without having to obtain the consent of the ministry.