The real-estate market in Małopolska
Transcription
The real-estate market in Małopolska
1 The real-estate market in Małopolska The Małopolska Regional Development Agency S.A., in cooperation with Knight Frank sp. z o.o., has prepared the first comprehensive report on real estate in Kraków and the surrounding region. The section concerning Kraków presents the residential, office and commercial market, as well as the dynamically developing warehouse space market. It was prepared by Knight Frank sp. z o.o. The second section presents the topic of land real estate in Małopolska (outside Kraków) and has been prepared by the Investment and Trade Support Department of the Małopolska Regional Development Agency S.A. An introduction to the Administrative Divisions of Poland Since 1999 the administrative division of Poland has been based on three levels of subdivision. The territory of Poland is divided into voivodeships (provinces) of which Małopolska is one. These are further divided into poviats (counties or districts), which in turn are divided into gminas (communes or municipalities). These terms are commonly left in their Polish-equivalent form so as to avoid confusion (e.g. a poviat should not be considered the equivalent of a county in the United Kingdom). In this document, the terms Małopolska and Małopolska Voivodeship refer to the same administrative entity. Neither should be confused with the historic region of Małopolska. Prepared by: In the cooperation with: 3 Contents Introduction .................................................................................................... 04 Residential market in Kraków ........................................................................... 06 Warehouse market in Kraków and in its surroundings ...................................... 08 Retail real-estate market in Kraków . ................................................................ 10 Office real-estate market in Kraków ................................................................. 12 Land real-estate in Małopolska – general information . .................................... 14 Construction land destined for residential purposes ........................................ 16 Construction land destined for investments ..................................................... 22 Agricultural land .............................................................................................. 27 Introduction The Małopolska Regional Development Agency S.A., as a result, prices may differ greatly in major cities (i.e. more in cooperation with Knight Frank sp. z o.o., has prepared the or less prestigious districts). It was therefore difficult for first comprehensive report on real estate in Kraków and the us to formulate clear guidelines for those preparing the surrounding region. information. We relied mainly on their knowledge of the realestate market within their own places of residence. The The report seeks to address the current lack of comprehensive information provided was often based on sales conducted information on real-estate prices within the voivodeship. While by local authorities, even if the number of transactions was reports on real-estate prices in Kraków and other major Polish low (two or three) and resulted in the results being cities are regularly prepared by real-estate agencies and unrepresentative. This is especially true as those particular consulting companies, it is difficult to find information on the transactions were concluded in a specific way – through tender prices of plots of land in small towns – a situation that requires – and not as a negotiation between individuals. new research to be carried out each time such information is sought. We are confident that our decision to publish Information concerning Tarnów and Nowy Sącz was obtained a compilation that contains information relating to not only from real-estate agencies and from the Internet. the region’s capital, but also the real-estate market in other Małopolska zones and administrative districts will prove useful for those planning to invest in the area. The results for the report were collected from 71 out of the 182 gminas comprising Małopolska. We would like to thank everyone who worked on this information and who returned When preparing the report on land in Małopolska, we asked the completed questionnaires to us. the voivodeship’s gmina (the principal unit of territorial division in Poland) offices to send us approximate data concerning the prices of construction plots, plots destined for investments and agricultural land for locations in the centre of the town, gmina, suburbs, outside the centre, and beyond the borders of towns and villages. We requested that information on the prices of real estate be of the type that would ordinarily be available to the average person – not only to a person active in the real-estate trade. We are aware that, whilst gminas do not record the sale prices of real estate, people living in a given area usually know the average prices of local plots. The prices published in this report are only indicative and should not be treated as a basis for land valuation as this would require more detailed research based on the valuation of specific, comparable real estate. Land located in such a large and diverse area is difficult to compare and present, not least because cities, towns and villages differ significantly in size, population, character (rural/urban), the intensity of land The prices published in this report are in Polish currency - zloty development, etc. In some small gminas it is impossible (PLN). The exchange rates: 1 EUR = 4,1734 PLN (November to clearly distinguish between a centre and a suburb, and, 2009, monthly average). 5 Residential market in Kraków Within the last three years, Kraków, the second-largest number of apartments at the construction stage were also residential market in Poland (behind Warszawa, or Warsaw observed in the Łobzów district and Łagiewniki area as it is commonly referred to in English) has been developing (neighbouring the Dębniki district). The districts with the at a fast pace. According to Knight Frank market research, lowest levels of investor activity (projects currently under approximately 5,000 residential units were delivered during construction), such as Nowa Huta and Grębałów are located the first three quarters of 2009. According to developers’ on the eastern part of Kraków. plans, a total of around 7,500 units will have been built in 2009. The Podgórze district will have seen the most 2) Number of units under construction in selected districts in Kraków observed in Q3 2009 developer activity in 2009, with particular focus on the former industrial area of Zabłocie. Other areas with high numbers 1,200 of completed developments in 2009 include the Dębniki, 1,000 Prądnik Biały and Prądnik Czerwony districts. These boroughs 800 cover the southern (Dębniki) and northern part (Prądnik Biały 600 and Prądnik Czerwony) of the city and, in terms of developer 400 activity and projects completed, are the main residential areas of Kraków. 200 Dębniki Prądnik Czerwony Prądnik Biały Łobzów Łagiewniki Source: Knight Frank A significant proportion of new developments completed in 2009 was located in the Bronowice district, where a number At the end of third quarter of 2009, analysis of Kraków of multi-stage projects are being completed. The Swoszowice residential market conducted by Knight Frank identified 7,700 and Nowa Huta districts were subject to the least developer residential projects at the planning stage, construction activity. of which is expected to commence no later than 2010. Due 1) Number of units which completion is due on 2009 uncertainty, the construction of many of these projects could to the instability on the financial markets and economic be postponed. In addition, difficulties encountered in securing 1,200 financing for projects may force some developers to put plots 1,000 of land with ready projects up for sale. 800 600 400 The survey of Kraków primary residential market conducted 200 by Knight Frank indicates that during the first three quarters Dębniki Prądnik Biały Prądnik Czerwony Swoszowice Bronowice Source: Knight Frank of 2009 developers sold approximately 3,000 residential units, which is 9% higher than in the corresponding period During the last three years, Ruczaj, located in the south-eastern of 2008. part of the Dębniki district, has been the main area of developer activity in Kraków. The volume of supply currently under As a result of the growth in the selling rate of apartments, the construction indicates that in 2010, the Dębniki district should Kraków primary market witnessed a decrease in the number remain a leader in terms of new annual supply. According of units completed and available for sale. The share accounted to a Knight Frank survey conducted in Q3 2009, the Prądnik for by completed apartments as a proportion of the total Czerwony and Prądnik Biały districts should also feature high number of units for sale fell by 10 basis points in comparison on the list in terms of new apartments constructed. A large with the end of 2008 to 24%. 7 In line with the majority of residential markets in Poland, a fall in prices on Kraków’s primary market has been observed in 2009. Price adjustments mainly applied to projects in which unit prices had not been reduced in 2008. Declines in apartment prices were particularly apparent in the high- and upper-standard segment. Net prices in Kraków by standard of projects (Q3 2009) Segment Net unit price (PLN/ m2) Price change since Q1 2009 Minimal and maximal price net (PLN/ m2) Segment share in market offer Popular standard 6100 0% 4,100-7,800 61% Upper standard 8800 -3% 6,700-13,100 26% High standard 13400 -8% 9,250-20,000 12% Source: Knight Frank The decrease in average asking prices varied in particular projects from 100 to 1,000 PLN/m2 and, for one top-end project, reached 3,000 PLN/m2. Due to declining prices, 2009 was the year of the buyer on Kraków residential market, nevertheless price increases can be expected in 2010 as a result of a significant decrease in supply. The highest apartment prices were found to be in the central part of Kraków and include the following districts: Stare Miasto (The Old Town), Łobzów, Grzegórzki, Zwierzyniec and the northern part of the Dębniki district. The least expensive apartments can be found in districts situated in the southern suburbs of Kraków, such as Prokocim-Bieżanów, Wola Duchacka and Swoszowice. Warehouse market in Kraków and in its surroundings Kraków and its surroundings is another modern concentration lease transactions – accounting for 12,700 m2 – were registered, area which has been systematically developing in Poland. the majority of which were concluded in the first three months Kraków’s favourable location, its connection to the of the year. A4 motorway, its proximity to the Śląsk agglomeration and Poland’s southern border, as well as the large consumer market According to information accurate at the end of Q3 2009, of Małopolska, make Kraków a location of increasing potential monthly asking rates for available space in the areas with the and should ensure that the city becomes a considerable area highest concentration of warehouse space in Poland (Central of logistic-park concentration in the future. Poland, Upper Silesia, Lower Silesia* and Wielkopolska) did not typically exceed EUR 4 per square metre. In Kraków the only At the end of Q3 2009 only approximately 40,000 m2 of modern available warehouse space that could be found was located warehouse space existed in Kraków and the surrounding area. in a development that was still under construction and the Included in this was the only warehouse project completed asking rents quoted were PLN 20-21 per square metre per in 2008 – the Panattoni Park Kraków. The project, which month. is located in Skawina and in the vicinity of a conjunction of the A4 motorway and route no. 44, features approximately It is expected however, that as new warehouse projects are 17,000 m2 of rentable warehouse space. It was the first project completed, rental rates should approach the levels found of its kind completed in the area since 2006. Completion in areas of Poland with higher concentrations of warehouse of another warehouse project is planned for the beginning space. of 2010. The project, being developed by MK Logistic and currently under construction, should increase the warehouse stock in Kraków by approximately 26,000 m2. An analysis of developers’ investment plans may, however, indicate further development in this field as, at the end of Q3 2009, the pipeline for warehouse space in Kraków and the surrounding area was estimated at approximately 230,000 m2. Of this, some 170,000 m2 is to be provided by two developments – Cracow Airport Logistics Centre (Goodman) and Diamond Business Park (AIG Lincoln). The remaining space was estimated based on the information relating to sites purchased. Given the instability and economic turmoil recently experienced, it is thought that any new developments commenced in the warehouse sector in the near future will predominately be made-to-suit projects (i.e. built with a specific tenant in mind). Due to its relatively low level of warehouse stock, Kraków and its surroundings account for just a fraction of total warehouse space take up in Poland – 2.2% (of total take-up for the period Q1-Q3 2009). Between January and September 2009, only six * Upper and Lower Silesia – the historical and geographical names, here not referring to the administrative division of Poland 9 Retail real-estate market in Kraków At the end of Q3 2009, there was a total gross leasable area 5) Retail market in Kraków by scheme type (end of Q3 2009) of 427,500 m in Kraków – a figure that equates to almost 2 9% of the total leasable area in Warszawa and the seven major retail warehouse (4%) regional cities (Trójmiasto, Poznań, Wrocław, Szczecin, Katowice, other (5%) 1st generation shopping centres (11%) Łódź, Kraków). cash and carry (5%) For the whole of 2008 and the nine months of 2009, the Kraków DIY (11%) 2nd generation shopping centres (21%) 4th generation shopping centres (15%) 3rd generation shopping centres (28%) retail market was characterised by low levels of new supply. Only 5,000 m2 of modern retail area was completed in the city during this period and all of this was delivered as part of one project – Decathlon Kraków Plaza. Such low levels of retail development activity have not been seen since 2003. The most recent addition to Kraków’s retail scene is the Bonarka City Center, which was opened to the public At present, the saturation level of modern retail space for lease on 21 November 2009. The Hungarian developer TriGranit was in Kraków is 559 square metres per 1,000 inhabitants, making responsible for the project, which consists of three phases: it one of the lowest among Warszawa and Poland’s seven major a shopping centre, office buildings and apartments. The regional cities. shopping area of the complex houses some 250 units and companies such as Empik, Royal Collection, Esprit, Mexx, Reserved and Auchan are all represented. The project also 4) Annual and cumulative modern retail supply in Kraków (1997–Q3 2009) features a Cinema City multi-screen cinema complex. Annual supply (m ) Cumulative supply (m ) 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 2 1999 1998 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 to 1997 2 450,000 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 There is approximately 85,500 m2 of leasable retail space currently at the planning stage. This is accounted for by three investments, all of which are due to be completed in 2012. Przedsiębiorstwo Budownictwa Budowlanego Krakbud sp. z o.o. plans to develop a project called Pasternik (11,000 m2 of modern Second-generation shopping centres (hypermarkets with retail area), which will house some 40 units. adjacent small shopping centres) and third-generation shopping centres (complexes featuring supermarket/hypermarkets, The Spanish developer Neinver plans to build a retail park shopping centres and entertainment elements) constitute the called the Futura Park, which will combine large-scale shops largest proportion (21% and 28% respectively) of the total retail with a factory-outlet complex featuring around 120 units. stock in Kraków. Galeria Krakowska, which features some On completion, the complex is expected to feature 64,300 m2 of leasable modern retail space is, thus far, the only approximately 31,500 m2 of rentable retail space. fourth-generation shopping centre in Kraków (same as third generation but with additional cultural facilities, such as theatres, galleries, etc. rather than cinemas or amusement arcades). The Serenada shopping centre is a development planned by the French developer Mayland. On completion, the project is expected to house about 150 stores located on 43,000 m2 of modern retail area. The main tenants will include Real (a supermarket) and Multikino (a cinema). 11 Asking rental rates for prime units (100–150 m2) in the most One of the main trends observed on the Kraków retail market popular shopping centres in Kraków vary from EUR 60 is the multifunctional and complementary character of the to EUR 70 per square metre per month. newly developed and planned investments. The Bonarka City High demand for retail space in Kraków, combined with the buildings and residential units. The Pasternik shopping centre low vacancy rate, may result in upward pressure on rental rates will be developed in the vicinity of a housing estate and the in those shopping centres most favourably located and with Serenada shopping centre will supplement the current retail the most optimal mix of brands. However, the negative impact amenities (existing shopping centre, Krokus, OBI and the of the economic downturn on retailers’ expansion plans may Aquapark leisure complex) in the Olsza district. Center features a shopping centre together with office contribute to a reduction in demand for retail space. Office real-estate market in Kraków centres (SSC) in the city. However, the global economic Kraków is one of the most highly developed office markets downturn has taken its toll and, during the period in Poland with a total office stock of 305,000 m . 2 Q1- Q3 2009, take -up for of fice space amounted Statistics relating to new supply confirm the high growth to 15,300 m2 (approximately 53,000 m2 lower than in the dynamics of office stock in Kraków. During the period Q1-Q3 record year of 2007). 2009 developers delivered over 61,000 m of modern office 2 space (20% of total existing office stock in Kraków). In comparison with other cities in Poland, asking rents for Furthermore, almost 58,000 m is believed to currently office space in Kraków have remained relatively high and be under construction, of which 36% should have been stable. The monthly weighted average rent per square metre completed in Q4 2009. Consequently, existing office stock of available office space at the end of Q3 2009 was EUR 16 per in Kraków should increase to 326,000 m2 by the end month. At present, asking rental rates for available area 2 in selected office buildings vary from EUR 14 to EUR 17.5 per of 2009. square metre per month. At present, Kraków’s office real-estate market has one of the highest vacancy rates in Poland. New supply delivered to the A relatively positive outlook for the Polish economy should market has not been 100% pre-leased and at the end serve to re-energise demand for office space in Kraków and of Q3 2009 almost 30,000 m of office space remained slight increases can be expected in 2010. Nevertheless, due available, which equates to 10% of existing stock. to the fact that the majority of office space scheduled for 2 completion in Q4 2009 and in 2010 had not – at the time Favourable investment conditions, a highly qualified work of publication – been 100% pre-leased, the vacancy rate force and the dynamic development of Kraków’s office real- is unlikely to decrease significantly in 2010. estate market, have, in recent times, led to a growth in interest, especially amongst international tenants planning Furthermore, due to limited access to project financing, the to open Business Process Outsourcing (BPO) or shared service commencement of office-space developments currently 6) Annual office stock in Kraków (1998–2009) 60,000 350,000 300,000 250,000 40,000 200,000 150,000 20,000 100,000 Source: Knight Frank City centre Outside city centre 2009 I-III Q 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 0 1998 50,000 0 Supply cumulative 13 at the planning stage may be postponed, which could serve to counterbalance the medium-term decline in demand caused by the turbulence on the financial markets. 7) The vacancy rate in Kraków in comparison with the main regional cities (September 2009) % 12 10 8 6 4 2 0 Warszawa Source: Knight Frank Wrocław Poznań Kraków Vacancy rate at the end of Q3 2009 Trójmiasto Katowice Vacancy rate at the end of 2008 Land real-estate in Małopolska – general information The highest prices of real estate are to be found near Kraków, contains the largest investment areas available in the as well as in Tarnów and Nowy Sącz. Prior to the country’s voivodeship. Besides, the aforementioned gminas located administrative reform, the latter two cities were seats alongside the future highway, the Słomniki and Radziemice of voivodeship authorities and, to this day, continue to be local Gminas feature over 40 ha of land situated very close to, centres of industrial and economic activity as well as important or in the vicinity of the national road no. 7, which connects administrative centres. High property prices can also be found Kraków with Warszawa. in major localities situated along the main regional roads, i.e. road no. 4, which crosses Małopolska from west to east. The In the predominately agricultural areas of the Proszowicki and Kraków-to-Tarnów route will be served by more options once Dąbrowski Poviats, residents tend not to be keen on selling the A4 motorway (currently being constructed) is completed. their property. Sales and transfers principally take place This will serve to increase the attractiveness of areas bordering between family members and property prices in the area are both the existing road no. 4 and the new A4 motorway the lowest in Małopolska. Within the attractive tourist area (particularly those close to motorway junctions) thanks to the of Kraków-Częstochowa Upland, it is easier to buy improved access to and from Kraków and Tarnów. The a construction plot or agricultural land, although the prices are attractiveness of these areas will be enhanced by potential higher. Jura Krakowsko-Częstochowska, especially its southern future investments near one of the two main east-west part (the closest to Kraków), is also popular among buyers communication corridors of Poland. The authorities of some wishing to move away from the city of Kraków. Kraków’s gminas located between Kraków and Tarnów are already outlying valleys offer picturesque views and are close and well aware of their development potential and are preparing connected to the voivodeship’s capital. investment areas for investors. Niepołomice, which already has a functioning industrial zone, is seeking to obtain a better To the south of the national road no. 4, foothills and mountains connection with the A4 motorway and already has well- begin and the landscape is dominated by hills and mountains. developed procedures for investor services. The Bochnia Settlements are situated closer to each other but are still authorities have purchased and divided properties located separated by ranges of hills and mountains. As a result, the near to the anticipated connection to the motorway. Large average size of a typical farm, and therefore the total undivided areas located near the intersection of the investment area and agricultural plots, are smaller than in the A4 motorway and national road are also being offered by the northern part of the voivodeship. The specific relief of the area Kłaj Gmina. has made the construction of a ski lift possible in Siepraw, about 10 km south of Kraków. In southern Małopolska, To the east of Kraków, the route of national road no. 4 more mountain tourism and other mountain sports, such as skiing, or less follows the border of two different geographical areas are popular. The proximity of forests, beautiful landscapes, of Małopolska. To the north there are the lands of Nizina numerous landscape parks, national reserves and parks, Nadwiślańska (Wisła River Valley), Płaskowyż Tarnowski together with clean air and proximity to nature, are among the (Tarnów Plateau) and many forests (Puszcza Niepołomicka, reasons why citizens from Kraków – and indeed all over Poland Lasy Radłowskie). Settlements in these areas are well dispersed. – seek to purchase holiday lodges or off-plan properties in the To the north-west there are the predominately agricultural region. The area is perfect for tourist investment and leisure areas of Płaskowyż Proszowicki (Proszowice Plateau), Wyżyna industry. As a general rule, the further away from the national Miechowska (Miechów Upland) and Jura Krakowsko- roads no. 4 and no. 7, as well as other main roads, the lower Częstochowska. The volume of investment and agricultural the price of the property. The lowest property prices in this land is relatively high here. The northern part of Małopolska part of the region are in Limanowa and in the Gorlicki Poviat 15 on the south-eastern extremity of Małopolska, as well as near Stryszawa, on the south-western border. Prices here are comparable to those in the aforementioned north- and northeastern areas of Małopolska, i.e. in the Proszowicki and Dąbrowski Poviats. The exceptions are the major tourist cities and towns, in particular Podhale and the settlements around Jezioro Czorsztyńskie. Human activity has had the biggest influence on the western part of the voivodeship, which borders the most industrialised region of Poland, the Śląskie Voivodeship. Many industrial plants, mines and chemical plants are located here. Property prices in this region – although not the lowest – are below the voivodeship average. Construction land destined for residential purposes It is no surprise that the highest prices of construction plots are Poviat); Radziemice (the Proszowicki Poviat); Stryszawa and found in Tarnów and Nowy Sącz, which, after Kraków, are Zawoja (the Suski Poviat); and even Limanowa, where a square Małopolska’s biggest and most important cities. The average metre of construction land in a central location can be bought price of construction plots in the centre of Tarnów is 350 PLN/m2, for less than 30 PLN/m2. The cheapest construction plots are and 270 PLN/m in Nowy Sącz. In the suburbs of both cities, found outside the borders of such towns as Trzciana in the the average prices of construction plots are approximately Bocheński Poviat and Łukowica in the Limanowski Poviat (as 150 PLN/m2. Other locations with high land prices are the seats low as 7 PLN/m2); Lipinki in the Gorlicki Poviat (8 PLN/m2); of poviat authorities, attractive tourist towns or towns located Jordanów and Zawoja in the Suski Poviat and Książ Wielki close to Kraków. The highest property prices are found in the in the Miechowski Poviat (10 PLN/m2); Szczurowa in the Brzeski centre of towns, such as Bochnia, Nowy Targ, Wadowice and Poviat (12 PLN/m2) and Stryszawa in the Suski Poviat; Dąbrowa the Liszki Gmina, located just beyond Kraków’s western border. Tarnowska in the Dąbrowski Poviat; and Bobowa in the Gorlicki Here prices reach (and in Wadowice and Skawina even exceed) Poviat (15 PLN/m2). 2 250 PLN/m . 2 The crisis has also had little impact on the cheapest properties, More than 100 PLN/m is paid for construction plots the prices of which have remained unchanged this year. In fact, in Mogilany, near Kraków (180 PLN/m2) and in the tourist in Podegrodzie (the Nowosądecki Poviat), prices even increased centres close to mountains, such as Krynica-Zdrój, Rabka, from 15 to 18 PLN/m2 and in Trzciana, the upper limit of prices Szczawnica or Czarny Dunajec. Other towns that are found rose from 20 to 30 PLN/m2. 2 to be attractive to people wishing to move out of the city of Kraków are Jerzmanowice-Przeginia and Biskupice, where average prices are approximately PLN 100/m2. Interestingly, relatively high prices are also found in Tuchów (near Tarnów), where the average price is roughly 150 PLN/m2. Similarly high prices are found in the suburbs or beyond the centres of all the aforementioned towns, cities and gminas. In Bochnia, Wadowice and Krynica-Zdrój prices exceed 140 PLN/m2, even reaching 200 PLN/m2 in Liszki (due to the fact that Liszki is the gmina to which people wishing to leave behind the metropolitan way of life found in Kraków move in order to find an alternative to country living). The crisis has not affected the aforementioned towns and cities, with prices remaining stable. The exception is Nowy Sącz where average prices fell slightly. Elsewhere, only a fall in the number of transactions was recorded. In contrast, there are locations such as Trzciana (in the Bocheński Poviat); Bobowa, Lipinki and Sękowa (all in the Gorlicki Poviat); Jodłownik, Łukowica, Mszana Dolna and Słopnice (the Limanowski Poviat); Lubień (the Myślenicki 17 19 Western Małopolska - construction land destined for residential purposes (1st half of 2009 – prices in PLN/m2) Poviat chrzanowski krakowski myślenicki olkuski oświęcimski suski City / Gmina Outside the Centre / Suburbs City / Gmina Centre Babice 23,5 Igołomia-Wawrzeńczyce 40 – 60 Outside City / Village Borders Jerzmanowice-Przeginia 100 80 no data Liszki 150 – 250 100 – 200 no data Mogilany 180 150 no data Skawina 282 128 52,4 Myślenice no data 50 no data Lubień 20 – 40 35 no data Pcim 100 75 20 – 40 no data Bolesław no data 25,14 Oświęcim 50 no data 40 Brzeszcze 30,98 30,24 21,74 Polanka Wielka 35 25 Jordanów 20 – 30 Maków Podhalański 60 Stryszawa Zawoja no data 10 – 25 40 15 – 20 30 20 10 Southern Małopolska - construction land destined for residential purposes (1st half of 2009 – prices in PLN/m2) Poviat gorlicki limanowski Nowy Sącz nowosądecki City / Gmina Centre Bobowa 25 20 Lipniki 15 10 8 Sękowa 25 22 25 no data Outside City / Village Borders 15 Uście Gorlickie 65 30 Limanowa 30 no data 20 Jodłownik 22 – 25 15 – 20 no data Kamienica 28 26 22 Łukowica 12 – 15 10 – 12 7 – 9 Mszana Dolna 19 – 22 Słopnice 22 20 Nowy Sącz 240 140 90 Korzenna 40 35 no data Krynica-Zdrój 200 140 35 Podegrodzie 30 25 Rytro 30 25 Nowy Targ 50 – 250 50 – 100 Czarny Dunajec 20 – 100 Czorsztyn nowotarski Outside the Centre / Suburbs City / Gmina no data no data 18 20 – 50 30 – 80 Raba Wyżna 51 Rabka 50 – 150 10 – 30 22 no data 20 – 40 Spytkowice 40 11 no data Szaflary 30 – 70 30 – 60 no data Szczawnica 70 – 170 30 – 60 no data 21 Eastern Małopolska - construction land destined for residential purposes (1st half of 2009 – prices in PLN/m2) Poviat bocheński brzeski dąbrowski miechowski City / Gmina Centre Bochnia (rural gmina) 150 – 250 80 – 150 no data Łapanów 40 – 70 30 20 – 30 Nowy Wiśnicz 50 – 54 15 – 43 no data Trzciana 7 – 30 no data 7 – 30 Szczurowa 40 25 12 Dąbrowa Tarnowska 60 20 – 40 15 – 20 Gręboszów 25 Książ Wielki Koniusza proszowicki Outside the Centre / Suburbs City / Gmina no data no data 60 Koszyce no data 20 Tarnów 350 130 tarnowski Tuchów 150 50 Biskupice Gdów 50 28 Tarnów wielicki 25 10 – 25 32 Radziemice Outside City / Village Borders no data 120 70 30 100 100 60 Construction land destined for investments Only half of respondents provided information on property properties near Tarnów is greatly depressed, mainly due to the prices destined for business activities. This is because many prices of commercial plots located along the newly modernised of the gminas surveyed are characterised by agricultural national road no. 4. activity; little or no transactions take place and only a small number of investment plots are sold. It is therefore difficult to determine the average prices in such areas. Fairly high prices also continue to prevail in Gdów (300 PLN/m2), the site of a new special economic zone, and in Liszki, near Kraków (150–250 PLN/m2) – a popular destination, particularly From the information received, it appears that the highest prices in summer, due to its public beach. of property for business activity (amounting to 500 PLN/m2) in 2008 were found in Mogilany (the south of Kraków). In the Niepołomice Gmina, where one of Małopolska’s Undoubtedly this high average price is due to the gmina’s biggest industrial zones operates largely within a special business activity being concentrated mainly along the national economic zone, prices of commercial properties near the road no. 7 – the popular “Zakopianka” – and also to the area’s town centre, along national road no. 75, reach 200 PLN/m2. relative proximity to Kraków. Similarly expensive investment In investment areas located outside the centre of the gmina, plots may also be found in the centre of Nowy Sącz. In terms average prices are 80–130 PLN/m2. The fact that average of property prices, Mogilany is closely followed by Wadowice, prices here are lower than those found in Gdów is largely due where city-centre property prices reach approximately to the relatively high availability of investment areas located 400 PLN/m2, with 300 PLN/m2 being common beyond the near existing industrial facilities. centre and in the suburbs. Indeed, prices remain high even outside of Wadowice, where they can be as high as 150 PLN/m2. High prices are found in Andrychów (170 PLN/m2), Pcim, High prices here can be attributed to the location’s importance located on the route from Kraków to Zakopane (150 PLN/m2), as a tourist destination. Wadowice is one of the most important and in the mountain tourist centres in southern Małopolska: destinations for those interested in the life of John Paul II (it is his Rabka, Szczawnica and Czarny Dunajec, near the Tatra place of birth). This ensures high consumer traffic and demand Mountains. However, prices of 300 and 200 PLN/m2, in the area. It is possible that, should Karol Wojtyła be made respectively, are high rather than average. a saint, properties in Wadowice will become more expensive due to potentially higher numbers of tourists and pilgrims. The cheapest property assigned for commercial or business use is situated in Łososina Dolna in the Nowosądecki Poviat. It may seem interesting that in Tarnów, a town comparable Here, one square metre of land costs only 44 groszy. However to Nowy Sącz and perhaps better situated in terms of transport the data are based on a single sale transaction of a very large and accessibility, average prices of investment properties in the area. It is therefore difficult to draw accurate conclusions city centre are considerably lower, amounting to approximately on average prices in the gmina based on this one transaction 300 PLN/m . The difference probably arises as a result of the alone. Very cheap properties can be found in Koszyce (1.8–2.6 different layouts of the city centre zones: in Nowy Sącz, the centre PLN/m2). 2 is concentrated around the city’s market place, whereas in Tarnów it is more dispersed. Property prices outside of the two city centre Prices also remain low in traditionally agricultural gminas 2 are, however, similar – 180 PLN/m in Nowy Sącz and 150 PLN/m on the edge of Małopolska, and in locations far from popular in Tarnów. Beyond the cities’ administrative borders, land for transport routes. In Szczurowa (the Brzeski Poviat), Bobowa investment in Tarnów is more expensive (100 PLN/m2, compared (the Gorlicki Poviat), Mszana Dolna and Słopnice (the to 70 PLN/m2 in Nowy Sącz). The average price of investment Limanowski Poviat), Książ Wielki (the Miechowski Poviat), 2 23 Radziemice (the Proszowicki Poviat) and Stryszawa (the Suski Poviat) the average prices of properties designated for business activity are below 30 PLN/m2. Analysis of this information reveals that prices of properties designated for business activity are fairly stable. At the beginning of 2009 prices in Koszyce (the Proszowicki Poviat) – already the lowest in Małopolska – fell slightly. In other locations, prices have remained at a similar level. Interestingly, a slight rise in prices was recorded in Skawina, near Kraków, and in Kamienica (the Limanowski Poviat), Pcim (the Myślenicki Poviat), Stryszawa, (the Suski Poviat) and Spytkowice (the Wadowicki Poviat). Western Małopolska - construction land destined for investment (1st half of 2009 – prices in PLN/m2) Poviat City / Gmina Jerzmanowice-Przeginia krakowski myślenicki olkuski oświęcimski Liszki 100 150 – 250 wadowicki Outside City / Village Borders no data 100 – 200 no data Skawina 81,98 58,84 52,5 Myślenice no data 80 – 165 no data Lubień 40 – 70 50 no data Pcim 150 75 no data Bolesław no data 13,53 no data Polanka Wielka 40 25 no data Maków Podhalański suski Outside the Centre / Suburbs City / Gmina Centre 60 Stryszawa 40 20 – 30 Zawoja 50 30 20 Wadowice 400 300 150 80 Andrychów 170 90 Lanckorona 70 – 100 60 30 Spytkowice 35 30 no data 25 Eastern Małopolska - construction land destined for investment (1st half of 2009 – prices in PLN/m2) Poviat bocheński City / Gmina City / Gmina Centre Bochnia (rural gmina) Łapanów Outside the Centre / Suburbs no data Outside City / Village Borders 60 40 – 90 30 – 70 30 brzeski Szczurowa 25 15 6 dąbrowski Dąbrowa Tarnowska 60 – 100 60 20 miechowski Książ Wielki proszowicki Koszyce no data 2,6 Radziemice 5 – 15 2,5 1,8 20 Tarnów Tarnów 300 150 100 tarnowski Tuchów no data 50 20 Gdów 300 100 60 Niepołomice 200 130 100 wielicki Southern Małopolska - construction land destined for investment (1st half of 2009 – prices in PLN/m2) Poviat gorlicki City / Gmina Bobowa Outside City / Village Borders 30 20 50 20 no data Limanowa 40 no data 20 Kamienica 35 30 Mszana Dolna 22 – 25 Słopnice 30 25 Nowy Sącz Nowy Sącz 500 180 nowosądecki Podegrodzie 50 limanowski Uście Gorlickie Outside the Centre / Suburbs City / Gmina Centre no data 70 40 Nowy Targ 40 – 100 40 – 80 40 – 60 Czarny Dunajec 20 – 200 20 – 100 no data Czorsztyn nowotarski 28 no data 30 – 160 no data Raba Wyżna 100 40 no data Rabka 50 – 300 20 – 80 no data Spytkowice 40 11 no data Szaflary 30 – 140 30 – 120 no data Szczawnica 70 – 300 30 – 120 no data 27 Agricultural land Despite the economic crisis, the situation on the agricultural were for small plots of up to one hectare (more than property market is good. In fact, with the exception of the 19,000 PLN/ha) and for very large properties exceeding Koszyce Gmina in the Proszowiski Poviat (where average prices 100 ha (17,000 PLN/ha). of agricultural land fell from approximately 22,000 PLN/ha to 18,000 PLN/ha within the village, and from approximately The aforementioned property prices may suggest that 18,000 PLN to 15,500 PLN/ha outside the village), prices agricultural land is very cheap as 15,000 PLN/ha equates to just remain at the same level as before or have even risen. This 1.5 PLN/m2. Unfortunately, these data cover an average situation is not surprising, for land is still viewed as a good of more than 2,800 transactions carried out by the Agricultural capital investment, although buyers must be aware of its Property Agency, many of which concerned areas located longterm nature of such an investment. in the region’s less attractive parts. There are places in Małopolska where agricultural land can be bought for much One square metre of agricultural land costs five-times less than less than this average. The cheapest agricultural land can a square metre of a construction plot. Buying such land near be found near Stryszawa, the Suski Poviat (2,000–7,000 PLN/ha); a big city may therefore bring significant profits Korzenna, the Nowosądecki Poviat (8,000 PLN/ha); if it is successfully transformed into a construction site. This Radgoszczcz, the Dąbrowski Poviat (7,100–9,000 PLN/ha); and requires either a new development plan to be adopted by the Gręboszów (7,000–8,000 PLN/ha). One hectare of land can gmina council or a change in the existing plan to be made. be had for an average of 10,000 PLN near Trzciana, the These are usually long and complicated procedures and, due Bocheński Poviat; Szczurowa, the Brzeski Poviat; Grybów, to a number of factors, one cannot be sure of success in every Rytro and Lanckorona, the Nowosądecki Poviat; and Koniusza, case. the Proszowicki Poviat. However, even higher prices are not uncommon. However, the purchase of agricultural land may represent a good investment even in the event that an attempt to convert As a general rule, the closer such property is to urban centres agricultural land into construction land proves unsuccessful. or popular tourist regions, the higher the price. The highest This is confirmed by information on prices of real estate prices on record for agricultural land are in Mogilany (very published by the Agricultural Property Agency (http://www. good transport links with Kraków), with one hectare of land anr.gov.pl/pl/article/132939). According to this information, costing as much as PLN 500,000. Other gminas near Kraków, the average price of land in Q2 2009 was 15,623 PLN/ha. This such as Liszki, Jerzmanowice-Przeginia and Igołomia- means that, in relation to Q1 2009, the average price of one Wawrzeńczyce will continue to develop as a result hectare of agricultural land increased by PLN 2,000, i.e. of an increasing number of inhabitants of Kraków being eager approximately 14%. Moreover, for the whole year, the price to move away from the city. Consequently, one hectare of land of agricultural land, comparing Q2 2008 to Q2 2009, increased could conceivably cost as much as PLN 300,000. Land located by more than PLN 3,700 (approximately 32%). next and near to the national road no. 7 (“Zakopianka”) is also expensive. Prices for one hectare of land near Myślenice range Unfortunately, the constant growth in the price of agricultural from PLN 150,000 to 400,000 and from PLN 50,000 land is the main reason why prices in Poland are approaching to 300,000 near Pcim. Average prices for one hectare those of other EU countries, especially Germany (the eastern of agricultural land range from PLN 100,000 to 130,000 part of the country) and France. This also means that the price in Raba Wyżna (the Nowotarski Poviat), Biskupice (the Wielicki increases should be expected to draw to a halt soon. According Poviat), Słopnice and Jodłownik (the Limanowski Poviat), to the Agricultural Property Agency, the highest prices fetched Maków Podhalański (the Suski Poviat), Skawina (the Krakowski Poviat), and in Uście Gorlickie (the Gorlicki Poviat). Agricultural land costs PLN 100,000–200,000 near Zawoja (the Suski Poviat) and PLN 180,000–200,000 in Sękowa (the Gorlicki Poviat). A curious fact concerns the prices of agricultural land in the Lanckorona Gmina (the Wadowicki Poviat) just 35 km from Kraków. Here, one hectare of land outside the village fetches PLN 10,000, yet closer to the centre, one hectare costs approximately PLN 100,000. This dramatic difference can be attributed to the beautiful marketplace, which attracts people wishing to transform agricultural land into land suitable for residential construction, as well as those wishing to treat the purchase as a capital investment. 29 Western Małopolska - agricultural land (1st half of 2009 – prices in PLN/ha) Poviat City / Gmina City / Gmina Centre Outside the Centre / Suburbs Igołomia-Wawrzeńczyce krakowski myślenicki olkuski oświęcimski suski wadowicki Outside City / Village Borders 300 000 Jerzmanowice-Przeginia 300 000 200 000 no data Liszki 100 000 – 300 000 70 000 – 200 000 no data Mogilany 500 000 400 000 no data Skawina no data 120 000 80 000 Myślenice no data 200 000 – 400 000 150 000 – 400 000 Lubień 50 000 30 000 – 50 000 no data Pcim no data 100 000 – 300 000 50 000 – 100 000 Wiśniowa 120 000 100 000 90 000 Bolesław no data 20 000 no data Oświęcim 60 000 no data 30 000 Polanka Wielka no data 15 000 no data Jordanów no data Maków Podhalański 40 000 – 80 000 120 000 Stryszawa 80 000 2 000 – 7 000 Zawoja 200 000 100 000 50 000 Wadowice no data 100 000 50 000 Andrychów no data 50 000 Lanckorona 100 000 50 000 10 000 Spytkowice 16 000 13 000 no data Southern Małopolska - agricultural land (1st half of 2009 – prices in PLN/ha) Poviat City / Gmina City / Gmina Centre Bobowa gorlicki 30 000 Nowy Sącz Sękowa 200 000 no data 130 000 Limanowa 100 000 no data 180 000 100 000 no data 30 000 no data 80 000 Łukowica 70 000 30 000 – 40 000 Mszana Dolna 60 000 – 80 000 Słopnice 100 000 50 000 no data Nowy Sącz no data 250 000 90 000 8 000 no data Korzenna nowotarski 17 000 100 000 – 120 000 Grybów nowosądecki 30 000 20 000 Uście Gorlickie Kamienica Outside City / Village Borders no data Lipniki Jodłownik limanowski Outside the Centre / Suburbs no data no data 20 000 Krynica-Zdrój 10 000 no data 30 000 – 40 000 Podegrodzie 50 000 Rytro no data Nowy Targ 50 000 – 70 000 30 000 – 70 000 Czarny Dunajec no data 30 000 – 70 000 Czorsztyn no data Raba Wyżna 100 000 Rabka 30 000 20 000 10 000 – 50 000 30 000 – 100 000 20 000 – 40 000 no data no data 30 000 – 100 000 Spytkowice 20 000 Szaflary no data 15 000 30 000 – 70 000 no data Szczawnica no data 30 000 – 100 000 31 Eastern Małopolska - agricultural land (1st half of 2009 – prices in PLN/ha) Poviat City / Gmina City / Gmina Centre Bochnia (rural gmina) bocheński brzeski Łapanów miechowski proszowicki no data tarnowski wielicki 20 000 20 000 – 25 000 Nowy Wiśnicz 60 000 30 000 – 50 000 8 000 – 40 000 Trzciana 10 000 – 40 000 no data 10 000 – 40 000 Borzęcin 18 000 Szczurowa 18 000 – 24 000 no data 12 000 – 20 000 10 000 no data 25 000 15 000 Gręboszów 8 000 no data 7 000 Radgoszcz no data 9 000 Książ Wielki no data 7 100 50 000 – 150 000 Koniusza 20 000 no data 10 000 Koszyce no data 18 000 15 500 Pałecznica 33 000 20 000 8 000 – 9 000 Radziemice Tarnów Outside City / Village Borders 20 000 – 35 000 Dąbrowa Tarnowska dąbrowski Outside the Centre / Suburbs Tarnów 20 000 no data Szerzyny Tuchów no data Biskupice Gdów 450 000 150 000 50 000 20 000 no data 11 000 no data no data 100 000 50 000 30 000