While market participants remain selective, investor sentiment is gradually improving, supported by Poland’s strong economic fundamentals. Poland’s economy continues to demonstrate relative resilience within the EU, supported by domestic consumption, nearshoring trends and EU-funded infrastructure investment. For real estate investors, 2026 is characterised by:
- Stabilisation of interest rates compared to previous years, improving underwriting assumptions and financing availability
- Gradual return of transaction activity, particularly for core-plus and value-add strategies
- Ongoing interest from international investors seeking yield premiums compared to Western Europe
Although pricing expectations between buyers and sellers are still adjusting, market liquidity is improving across most asset classes.
Key sector trends in 2026
Residential (Living Sector)
The residential market remains a pillar of stability in Poland. Structural housing shortages in major cities continue to support demand and demographic trends and urbanisation underpin long-term fundamentals.
Institutional interest in PRS and living formats remains strong – while price growth is expected to be more moderate than in previous years, the sector continues to benefit from strong occupier fundamentals and increasing professionalisation.
Logistics & industrial
Poland maintains its role as a key logistics hub for Europe, driven by nearshoring and supply-chain reconfiguration, strategic location between Western Europe and Eastern markets and ongoing demand from e-commerce, manufacturing and 3PL operators.
The sector remains attractive to both long-term investors and developers, particularly in established logistics corridors.
Office market
The office sector in 2026 is defined by quality differentiation. There is a strong demand for modern, ESG-compliant assets in prime locations, as tenants continue to focus on efficiency, flexibility and sustainability.
Investors are increasingly focused on best-in-class assets and also repositioning opportunities.
Key topic for 2026: Spatial planning reform
One of the most important developments shaping the Polish real estate market in 2026 is the reform of the spatial planning system, which is now being implemented across municipalities.
Rather than being viewed solely as a regulatory change, the reform represents a long-term structural upgrade to the investment environment.
Why the reform matters for the market
Introduction of municipality-wide General Plans aims to improve transparency and long-term predictability of land use, reduce ad-hoc planning decisions which will support more consistent development policies and make planning frameworks clearer to enhance investment security.
Over time, the reform is expected to reduce uncertainty, particularly for large-scale and mixed-use projects.
Integrated investment plans: A new tool for strategic projects
A notable feature of the reform is the introduction of Integrated Investment Plans (IIP) – a mechanism designed to facilitate cooperation between investors and local authorities on complex developments. From a market perspective, IIPs enable tailor-made planning solutions for projects and encourage structured public-private cooperation.
Outlook for 2026 and beyond
Looking ahead, the Polish real estate market in 2026 offers a combination of stabilising macro conditions, strong occupier fundamentals across key sectors and improved regulatory transparency and planning tools.
While challenges remain – including cost pressures and administrative capacity at local levels – the overall direction of change is positive. The planning reform, in particular, should be seen as a foundation for sustainable, investment-friendly growth rather than a short-term obstacle.
Conclusion
Poland enters 2026 as a market that is less speculative, more transparent and increasingly aligned with institutional investment standards. For investors with a medium to long-term horizon, the combination of economic resilience, sectoral demand and structural legal reform positions Poland as a compelling destination for real estate capital in the years ahead.
