Real Estate Guide in Poland 2025

Investments in sustainable real estate are increasingly attractive, offering asset value growth, improved reputation, and enhanced market resilience. This trend is driven by pressure from tenants and banks, as well as the potential for significant operational cost savings. 

Real Estate Market Sectors – Where Are the Opportunities?

Poland’s real estate market presents various opportunities across different sectors: 

Legal, Tax, and Accounting Aspects – Key to Investment Security

The changes in town planning planned for 2026 will significantly affect the construction market. Municipalities will be obliged to adopt new general plans, with the aim of making investment processes more transparent and efficient.

New regulations aimed at protecting homebuyers (the New Developer Act) and the mandatory implementation of eco-friendly solutions in new buildings are significantly impacting the market. 

Furthermore, several key legislative changes from an investor's perspective are planned for 2025. One of them is the regulation of Polish REITs i.e. companies involved in real estate investments (SINN; Polish: Spółka Inwestująca w Najem Nieruchomości). Although the specific framework for REIT provisions and the expected timeline for releasing the draft regulation are yet unknown, any legislative developments in this regard should be closely monitored. It is possible that new draft regulation will be released later in 2025. In addition, legislative works are being continued on the so-called “supply law” (Polish: ustawa podażowa), which aims to increase the availability of land for residential construction. One of the changes suggested under this act is the release of agricultural land located in cities for residential development purposes.

In addition, cross-border reorganizations such as merger, demerger or conversion (change of the legal form) will require that an additional clearance be provided by the tax authorities as a prerequisite for the court to register the reorganization. The clearance will be issued if it is determined that the reorganization does not fall under tax anti-abuse regulations. 

Importantly, as of January 1, 2025, significant RET amendments came into force. The new regulations include an autonomous definition of buildings and structures, independent of the construction law. It may lead to increased tax burdens, including the taxation of facilities that were previously not subject to real estate tax. 

These changes may have a significant impact on the real estate market and the development of the construction sector.

ESG regulations in the real estate sector 

The real estate sector plays a crucial role in reducing emissions and improving energy efficiency, as buildings account for nearly 40% of energy consumption and 36% of greenhouse gas emissions in the EU. The adoption of ESG principles is accelerating, influencing both new constructions and the modernization of existing buildings. Measures such as the use of eco-friendly materials, renewable energy sources, smart energy management, and sustainable transport solutions contribute to minimizing the sector's environmental impact. Additionally, the number of ESG-certified buildings is steadily increasing, with Poland seeing a 24% rise in 2024 alone. ESG compliance not only supports climate goals but also enhances property value, making sustainable buildings more attractive to investors and tenants. 

Trends and Forecasts – What Does the Future Hold?

Legal changes related to major ESG regulations affecting primarily the real estate sector will have significant implications for valuation, increased property maintenance costs, market positioning, as well as construction costs for new buildings. Companies are striving to achieve both environmental benefits and financial profitability.  

Achieving carbon neutrality presents a significant challenge. From 2028, new buildings larger than 1,000 m² will be required to have their carbon footprint assessed. 

ESG requirements will have an increasingly greater impact on the ability to obtain favorable financing conditions. In line with their strategies for the coming years, banks will want to increase their portfolio of loans financing green investments. 

The advancement of PropTech, including artificial intelligence (AI), is transforming the real estate market, streamlining property ownership, construction, leasing, and management processes in all real estate sectors. 

To remain competitive in the market, the use of new technologies will be necessary for both owners and end users.