Wrocław real estate market 2020
Read about real estate sectors: office, residential, student housing, hotel as well as investment and labour markets. Report describes situation after H1 2020
2020 has been full of dramatic circumstance, which influenced lives and businesses, including the real estate markets. We had to face a very strict lockdown of the economy and an unprecedented migration from traditional offices to remote work options, as well as a temporary freeze to the hospitality sector.
It’s not business as usual, but the business is definitely still there. Real estate in Wrocław, both residential and commercial, is sought after by companies searching for office space, investors, homebuyers, and the city is characterised by a strong labour market. The way the Wrocław real estate markets are operating have evolved, but they are still very capable.
It is crucial to look at each of the markets separately, as the scope of change is different for each sector. Offices need to reimagine themselves as the way we work is very different to pre-COVID-19, while residential sector is gradually rebounding. Student housing remains a promising market, while the strong reliance on domestic market helps Wrocław’s hoteliers fight the crisis. That fight will continue for the remainder of 2020 and going into 2021, but the long-term fundamentals for the hotel market here remain positive.
We are pleased to present this report, which describes real estate sectors and labour market of Wrocław. Also, we would be delighted to assist you with any questions you may have about real estate and business environment in Wrocław.