Wealthy Poles Favor Office Buildings Over Apartments, Risking a 'Second Czech Republic' Scenario

Wealthy Poles are channeling significant capital into the domestic office building market, with Polish investors allocating over 1.26 billion PLN (291 million euros) in the first half of 2026 alone. This marks a notable increase in investments in commercial real estate by affluent individuals seeking to diversify their assets.

The trend sees a preference for office buildings, with one notable transaction involving a Polish investor purchasing the Central Point office building in Warsaw for 107 million euros. This property is estimated to generate over 6 million euros annually in rental income.

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Wealthy Poles have seen the possibility of diversifying their assets in this way, but there is a lack of instruments that allow individual investors to invest in profitable commercial buildings.

However, the opportunity to invest in profitable commercial properties remains largely inaccessible to the average individual investor in Poland. This contrasts sharply with the Czech Republic, where banks and other institutions have established open funds that cater to both wealthy and retail investors, making real estate investment more broadly available.

While Polish investors injected 1.26 billion PLN into office buildings, they also invested millions into other commercial property types, such as retail parks, which were popular in previous years. The total investment in Poland's real estate market reached 3 billion euros in the first half of the year, with Czech investors contributing 766 million euros.

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Our neighbors have built a system of open funds (some of them created by banks) not only for wealthy qualified investors but also for ordinary retail investors.