Institutional leasing is a constantly developing sector in the real estate industry. The number of available units and those under construction is constantly growing, and the apartments offered are becoming more and more popular among tenants. What are the upcoming trends and prospects for PRS in Poland? Which cities dominate in terms of housing offer? What are the key legal issues that an investor should keep in mind? More about this in the latest report.
In 2023, the total resources of the PRS sector amounted to nearly 17,000. units, which means an increase of % compared to 2022. Investors predict that an additional approximately apartments will be built by 2028. However, it is worth noting that this number may increase, taking into account new market participants who are just building their investment portfolios and the greater caution with which investors share their investment plans.
Polish Law allows for the implementation of PRS investments even though there are no regulations explicitly referring to them. When implementing a PRS project, it is, therefore, necessary to ‘adopt’ provisions relating to other types of projects, such as e.g. residential, hotels, etc. When considering the regulations applicable to a particular PRS project, a simple determination of the property's intended use (residential vs. commercial) is not sufficient.
Legal framework applicable to the PRS sector is presented in the PwC Report - “Review of the PRS market in Poland - first half of 2022” - published in October 2022. While no legislation directly 'dedicated' to PRS investments has been introduced since, legislative changes have been made, which, undoubtedly, will have an impact on the PRS sector.
The period of housing abundance in the PRS sector has been temporarily stopped. However, despite a 13% decline in properties under construction, investors plan to increase their housing portfolio by 30%. You will learn more about the market from the report 👇
The PRS sector, despite its marginal scale, is becoming increasingly important on the real estate market. When making an investment, the following should be taken into account: tax consequences that significantly affect its profitability. Find out more in the report 👇
By 2028, the Polish real estate market will supply over 63k apartments in the PRS. Find out what the current lease scale is and who reigns supreme among the funds 👇
Institutional rental is a novel development in Poland’s Private Rented Sector that has attracted the interest of major investors for the past two years. What is this market’s development potential? Is institutional rental a lasting trend or a fleeting fad? 👇
