Boston, MA (PressExposure) November 07, 2011 -- The Polish property market is hotting up in response to investors looking for alternative places to put their cash, claims Alternative Asset Analysis(AAA).
According to a recent report in the Financial Times, a new focus has been drawn to the real estate investment market in Poland, off the back of investors turning their backs on traditional investment in Europe. AAA's analysis partner, Anthony Johnson, stated, "with the ongoing turmoil in the Eurozone, the stock markets just seem like too volatile an option for an increasing number of wealthy Europeans. As a result, they are looking for alternative investment options that could prove both safe and lucrative in the current economic climate."
Hadley Dean of Colliers property firm told the FT: "We've never been more busy on the institutional investment side," suggesting that even large institutions are looking to real estate as an alternative to stocks and shares.
"It's a very strange situation; the rest of Europe is quietening down on the corporate side. We're seeing more and more people stick their cash into Polish property," he added.
Several large deals, including the sale of major Polish shopping centres and office blocks to foreign investors, have occurred, while the investment in Polish office, retail and logistics premise in the first nine months of the year totaled EUR1.8 billion.
Jones Lang LaSalle's eastern European managing director, John Duckworth, told the FT: "Poland remains in a pretty good condition, which means it is continuing to be noticed by investors."
AAA is an advocate of alternative investment and promotes ethical investment choices that benefit developing nations, such as Greenwood Management's sustainable forestry investment product in Brazil. Mr Johnson added, "Projects like these help countries to fulfill their potential, as Poland is beginning to enjoy now. Investing in a country when it is on the up is always a wise move from a return on investment perspective."