Increased interest in the residential sector from institutional investors in Poland is a fact. This attracted a part of the capital that until recently was focused mainly on offices, warehouses and shopping malls; even if it entered the residential sector, it was mainly true for the Western rather than domestic markets. So far, these activities have rather taken the form of testing possibilities. This paradigm has been shifted by the pandemic, which has highlighted the housing market’s lower susceptibility to turbulence and encouraged institutional investors to expand into new markets. Today, the question of the impact of this trend is therefore particularly relevant. During the debate, we will attempt to tackle the question of what awaits us in connection with the dynamic development of the institutional PRS in Poland. What is the scale of the phenomenon and what are the prospects for the market? We can draw on the experience of many Western countries – it would be good to use the lessons learned by others, apply them in our domestic context and check whether this market has been subjected to any controls or restrictions and whether such measures have brought positive effects or not. We will also try to answer the question of whether the government’s actions to date are conducive to the institutional development of the PRS in Poland. It is also worth deciding today whether we should rely on mechanisms already operating in the West, or whether it would be better for us to develop our own path?
- What underlies the increased demand for housing in Poland amongst institutional investors?
- What effects can the inflow of capital into the housing market have – examples from Western countries
- What lies ahead? What are the prospects for the rental market?
- For many years there has been talked of various regulations that have hindered the meaningful development of the PRS. Have they all been overcome or does the sector still need some changes?
- Real estate market regulations