The real estate market in Kraków and Małopolska

Transcription

The real estate market
in Kraków and Małopolska
1
Table of contents
THE REAL ESTATE MARKET IN KRAKÓW 2012.............................................2
Commercial Area...............................................................................................2
Office Space......................................................................................................6
Warehouse space and logistics, build-to-suit offer............................................8
Industrial, production space............................................................................ 12
Greenfield commercial real estate.................................................................... 16
Residential market...........................................................................................20
THE REAL ESTATE MARKET IN THE MAŁOPOLSKA REGION 2012
- GREENFIELD AREA.....................................................................................24
Northwest Małopolska....................................................................................26
Northeast Małopolska.....................................................................................30
Southern Małopolska......................................................................................34
THE REAL ESTATE MARKET IN THE MAŁOPOLSKA REGION 2012
- BROWNFIELD AREA....................................................................................36
Northwest Małopolska....................................................................................36
Northeast Małopolska.....................................................................................38
Southern Małopolska......................................................................................40
OTHER REAL ESTATE OFFERS.......................................................................42
Investment real estate land for tourism and recreation....................................42
Real estate investment land for residential purposes.......................................44
PROCEDURE FOR OBTAINING A CONSTRUCTION PERMIT........................46
DESCRIPTION OF THE PROCEDURE FOR OBTAINING A BUILDING PERMIT...48
PROMOTING THE MODERN MAŁOPOLSKA................................................50
in Kraków 2012
Commercial Areas
Sector characteristics
Supply
Modern retail space in Poland is about 8 million m2 of
which the vast majority (70%) is located in big shopping
malls. Most of the area is located in major urban centres,
including in Kraków. In the capital of Małopolska the largest
share of the leasable area is occupied by the third generation
of shopping centres (commercial facilities performing
additional entertainment features with the dominant
shopping centre) and second generation (hypermarket - the
dominant feature – along with the adjoining gallery), which,
as in other cities, form the vast majority of resources. Large
area shops are concentrated on the line of transport routes,
i.e. Conrada – Komorowskiego, Kapelanka – Zakopianka,
Wielicka, Powstańców Wielkopolskich, aleja Pokoju, aleja
Jana Pawła II. Most modern shopping malls are located
closer to the centre – Krakówska, Kazimierz and Bonarka.
DIY (Do It Yourself) sector and interior design are
represented mainly by the chain stores: Ikea, Castorama,
OBI, Leroy Merlin and Praktiker, in the above mentioned
locations.
After the record increase of modern retail space which
occurred in 2009 – the Kraków market reached a period of
stability, planning and the beginning of new projects in
2010 and 2011. The total modern retail space in Kraków
was approximately 600 000 m2 at the end of February
2012, of which the overwhelming majority covered
shopping centres. In 2010 the main investment which
supplied retail space resources in Kraków was Centrum
Handlowe KING-SQUARE (stage 1) at ul. Powstańców
Wielkopolskich, and in 2011 it was the Future Park in
Modlniczka with a total area of 44 000 m2.
After commissioning of the Future Park investment in
Modlniczka in 2011, Kraków gained their first facility of
a Retail Park (retail park function and outlet centre).
The historic centre of Kraków is an extremely attractive
trading location, the consequence of which is high rents
and rare transactions of the sale of premises on the main
streets of Old Town.
Tab. 1. Selected commercial investments in Kraków
put into use and in progress
Building
Address
Rent
space (m2)
Commissioning date
KING-SQUARE
ul. Powstańców
Wielkopolskich
15 500 m2
12.2010
(stage 1)
KING-SQUARE
ul. Powstańców
Wielkopolskich
-
(stage 2)
CH Serenada
ul. Dobrego
Pasterza
35 000 m2
06.2012
Futura Park
Kraków
ul. Modlniczka
44 000 m2
10.2011
Dekada
ul. Stołajowskiego
3 500 m2
09. 2012
Galeria
Bronowice
ul. Stawowa
80 000 m2
2nd quarter 2013
Castorama
ul. Sosnowiecka
7 800 m2
05.2011
M1 (expansion)
al. Pokoju
8 500 m2
12.2011
Source: Department of Real Estate and Investment Economics,
Cracow University of Economics
3
A characteristic feature of the supply in 2011 in Poland was
a large amount of expansion in the total space volume (in
the country it was about 25% of total supply). In Kraków
the largest such investment was the expansion of the
shopping centre M1 (8 500 m2 of new space).
Prices
As shown by data of Cushman & Wakefield1 the highest
rents in Kraków's best shopping centres remained in the
range of 35 - 40 EUR/m2 per month in 2011 with the rates
being comparable to other regional cities. In the case of
rents on high traffic streets in Kraków, alongside Warszawa,
the highest values were recorded in Poland - about
77 – 79 EUR/m2 per month. The most expensive locations in
Old Town include Floriańska and Grodzka Street. One
should keep in mind that retail market lease prices are
negotiable and its final amount depends, e.g. on the
general and specific facility location, the surface area or
industry.
The capitalization rate in the Kraków market of modern
retail space in 2010 - 2011 was approximately 8%.
Forecasts
The data from Colliers International show that the saturation
level with modern retail space in Poland amounts to more
than 200 m2 per 1 000 inhabitants. In the case of the eight
largest cities, the rate is several times higher and is around
662 m2 per 1 000 inhabitants . The increase in this index for
Kraków over the last two years up to the current (February
2012) level of approximately 800 m2 per 1 000 inhabitants2,
makes planning new large area investments increasingly
risky - particularly in the context of new space to be
commissioned upon completion of projects currently in
progress. For this reason, decisions about further investment
in Kraków are postponed, even for projects in retail parks
which are of the most interest (for example, Retail Park
investment of the ARGE company). In the context of modern
retail space, investor interest in other locations is expected
to increase, especially in the smaller towns of Małopolska.
In the Kraków retail market, major changes are not expected
in 2012 for the capitalization rates and rents.
Marketbeat. Report on the property market in Poland.
Cusman & Wakefield, Spring 2012.
2
Poland Annual Real Estate Review 2011.
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Office space
Fig. 1. The concentration of office space in Kraków
Modern office space in Kraków is addressed primarily to
financial institutions, consulting firms and outsourcing
enterprises. This type of surface, reconfigurable and
rearrangeable, is preferred by those institutions (mainly
dominated by accounting firms, financial advisory and tax,
HR, and technical support companies). It should be noted
that the city, over the last decade, has become one of the
main locations in Central Eastern Europe for the BPO sector
companies (Business Process Offshoring). The largest
transactions in the market in recent years were concluded
by the BPO companies currently occupying most of the
space in Class A office buildings in Kraków. Among the
major lessees there are Shell, Capgemini and IBM. Other
entities are: State Street, Philip Morris, UBS, Electrolux,
Sabre – Holdings, Motorola, International Paper, Delphi
Automotive, HSBC, Capita, Ahold and Hewitt Associates.
Kraków is also the place for locating companies from R & D
(research and development) - the following have their
centres in Kraków: Motorola, IBM, Pliva, Delphi Automotive
and ABB.
Expectations of smaller entities (e.g. law firms, design
offices, etc.) are different, therefore, a significant percentage
of the area for rent is located within the city centre,
including those in Old Town. Despite the relatively low
technical standard, difficult access etc., office spaces
located in the city centre are of great demand among
companies that are aimed at the prestige related to the
address. A large base of such offices, functioning as if in
competition with modern Class A office space constitutes
the specificity of the capital of Małopolska.
Another aspect of office space in Kraków is the fact that it
is not concentrated in a compact area (see Figure 1). This
ensures that one can not specify the dominant CBD area in
Kraków (Central Business District - the concentration area of
modern office space), which exists in many foreign cities, as
well as in Warszawa.
Supply
Source: Authors’ own based on Institute of Real Estate Market Analysis
Website: http://www.mrn.pl
In Kraków, we note the steady growth of modern office
space. Currently it is estimated that it is over half a million
square meters (with area located in Zabierzów within the
Kraków Business Park). Throughout 2010 and 2011, the
increase was recorded at over 90 000 m2, and in 2011 it
was over 40 000 m2. Currently being implemented are
many office developments in different parts of the city, in
particular Enterprise Park (building A and B), Green Office
(building C) and Quattro Business Park (building C).
Tab. 2. Selected office investments in Kraków
put into use and in progress
Building
Address
Rent
space
(m2)
Commissioning
date
MIX
ul. Jasnogórska
8 387
01.2012
Enterprise Park –
building A and B
ul. Na Dołach
15 166
09.2012
(plan)
Enterprise Park –
building C
ul. Na Dołach
13 000
2nd quarter 2014
(plan)
MARR
al. Powstania
Warszawskiego
7 300
1st quarter 2013
(plan)
Green Office – building A
ul. Czerwone
Maki
3 300
10.2011
Green Office – building B
ul. Czerwone
Maki
8 000
05.2011
Green Office – building C
ul. Czerwone
Maki
10 000
11. 2012 (plan)
Quattro Business Park –
building B
ul. Bora
Komorowskiego
11 800
12. 2011
Bonarka 4 Business
building A and B
ul. Puszkarska
15 692
04. 2011
Bonarka 4 Business
building C
ul. Puszkarska
8 200
1st quarter 2013
(plan)
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Data from Colliers International show that in the first three
quarters of 2011, the sum of the total number of
transactions involved 69 000 m2 of modern office space in
Kraków, representing the highest among all the regional
towns in Poland.
The largest transaction took place in December 2011, when
Fundusz Azora Europa acquired two office buildings of the
Green Office complex from Grupa Buma (transaction
covered 11 300 m2).
Prices
In 2010 - 2011 in the office market in Kraków, rent bids
were reduced to an average of 13 - 16 EUR/m2 in class
A office buildings (class B was offered between the range of
10 - 13 EUR) while the average operating costs were
approximately 10 – 16 PLN/m2. It should be noted that the
market rents were in fact lower than the bids, due to the
possibility of obtaining an exemption period (typically a few
months) or reduction in office rents to adapt to the
requirements of tenants and due to the possibility of
undertaking negotiations, which in conditions of persistent
vacancies at around 10% are still possible (in 2010 the
vacancy rate was approximately 13%).
The capitalization rate in the Kraków market of Class
A office buildings in 2010 - 2011 was approximately 9%.
Sector development forecasts
The office property market in Kraków experienced
stabilization. It is anticipated that in 2012 – 2013, no
significant changes in the price formation will occur as in
other market indicators, including the rate of capitalization
and the state of vacant space (projected at only a slight
decrease in the number of vacancies). The new space will be
coming at a similar pace as in the past two years, i.e. around
50 000 m2 annually.
It is expected that in the next two years, Kraków will remain
- despite increasing competition from BRIC countries and
Central Europe - one of the leading cities in terms of
location of BPO / SSC services, while maintaining a top
position in terms of the amount of modern office space.
Warehouse space and logistics,
build-to-suit offer
The Polish market for modern warehousing and logistics
space is dominant in volume in Central and Eastern Europe.
According to data for 2011 (Jones Lang LaSalle)3 its size is
estimated at ca. 6.59 million m2. Discernible trend of
growth in demand and supply gives rise to forecasting
further dynamic development.
The warehouse vacancy rate in the country at the end of
2011 amounted to 11.5%, which decreased in comparison
to the end of 2010 (15%)4. The supply of warehouse and
logistic space in 2011 increased by 371 thousand m2 and
this upward trend is expected to continue in 2012, as shown
by initiated projects. Among the new investments in the
sector of modern warehouse and logistic space, the scene is
dominated by BTS investments (build - to - suit) as they
constituted the vast majority of the erected facilities.
The main investors in the Polish market of warehouse and
logistic space are companies such as: Prologis, Panattoni,
SEGRO and Goodman. The strongest regions in terms of
size of warehouse space in Poland are: the surrounding area
of Warszawa, Upper Silesia, Poznań, Central Poland and
Wrocław. According to data from 2011, Kraków ranks 8th
among 11 local markets.
Kraków is one of the smallest markets for warehouse space
in Poland. This is due to, among others:
Kraków's location relative to the more industrialized
regions - including Upper Silesia and convenient road
links with the region,
traditional character of Kraków with leading functions scientific, cultural and tourist,
type and method of use of land in areas outside the
urban region of Małopolska - characterized by high
fragmentation of ownership and predominance of
agricultural functions,
small amount of land designated in the local plan for
building warehouse and logistic space - in 2010, just
3.7% of the Kraków area under current local plans was
intended for technical and production development.
According to the study of conditions and directions of
spatial management of the City of Kraków, areas of
economic revival are: north-eastern part of Kraków (the
area of former T. Sendzimir Steelworks), the south-west
area in the vicinity of the Kraków - Balice Airport and land
on the south bank of the Vistula (Zabłocie area). Strategy
for the City of Kraków designates industrial areas included
in the revitalization program: Kraków-Wschód (1), Zabłocie
(2), Płaszów (3) and Bonarka area (4). The following map
indicates the areas affected by post-industrial revitalization
(by green and symbols).
Source: own study based on Jones Lang LaSalle, Magazyny.pl, February 2012
Fig. 2. Share of warehousing space by regions in 2011
Source: authors’ own based on BIP City of Kraków,
Key areas for economic revival,
website: http://www.bip.krakow.pl
3
4
Report: Warehouse space market in Poland 2011 on point, Jones Lang LaSalle, February 2012
Report by John Lang lasalle.
9
Outside the city, warehouse and industrial features are
taken over by the areas of adjacent municipalities. From the
standpoint of industrial and warehouse areas, important
areas are primarily Niepołomice, Skawina and Zabierzów.
Due to the location outside the city, these places provide
easier access to road infrastructure and are more attractive
to investors due to lower land prices.
Supply
The supply of modern warehousing and logistic space in the
agglomeration of Kraków was estimated at the end of 2011
at 117.2 thousand m2. The vacancy rate is estimated at 5%,
which is a low index relative to the average in Poland, 11.5%5.
The most important modern warehousing and logistics
facilities are:
Kraków Airport Logistics Centre –Goodman, facility
under construction according to BTS principle - current
space ca. 34 000 m2, ultimately ca. 150 000 m2, the
investment is located in Modlniczka, in the vicinity of
the Kraków-Balice Airport - investor information
available at: www.krakówlogisticscentre.com/pl/,
Kraków I Logistics Centre –Biuro Inwestycji Kapitałowych
SA (BIK), the space of the facility is ca. 8 000 m2 of
warehouse space, this is the first modern warehouse
built in the region, located in the city centre in the
Rybitwy industrial area,
Kraków II Logistics Centre - BIK, it is located in Kraków,
Rybitwy district, the park area is ca. 11 000 m2 of
warehouse space,
Kraków III Logistics Centre – facility in progress - BIK,
executed as BTS in Szarowo, the space ultimately shall
be ca. 20 000 m2 – information: www.bik.com.pl/index,
MARR Business Park –Małopolska Agencja Rozwoju
Regionalnego, it is located in Kraków, Rybitwy district,
area ca. 14 000 m2 – information: http://www.marr.pl/
nieruchomosci-marr-sa/marr-business-park
MK Logistic – located in Kraków, Rybitwy District,
current area ca. 27 000 m2 – information
http://mklogistic.pl/,
Panattoni Park Kraków –Panattoni Europe – one of the
leaders in the warehousing facilities market, the park is
located in the vicinity of Kraków - in Skawina, the area is
approximately 17 000 m2 – investor information at:
www.panattoni.pl/panattoni-park-kraków/.
5
Report: Warehouse space market in Poland 2011 on point, Jones Lang LaSalle, February 2012
Prices
Summary
Prices of warehouse and logistic space in Kraków are
relatively high compared with other centres in Poland.
Effective rent for warehouse space is between
3.40 - 4.50 EUR/m2 per month6 , similar to the level of the
Warszawa market.
Development of the warehouse space sector in Kraków is
limited by the supply of industrial land and its prices. Due to
the small size and proximity to industrial centres with
stronger markets for warehouse space - it will mainly cater
for local needs. It is hard to expect a fall in rental levels in
the near term, as the percentage of available space is quite
small. In subsequent years, the market will grow primarily in
the areas adjacent to Kraków that have good access to
transit routes and in the spatially-limited industrial areas
within the administrative boundaries of cities.
SWOT analysis for the warehousing and logistics space market.
Strengths:
Kraków, as the historical capital of Poland and the present
capital of the Małopolska Region, is a city recognised in
Europe and worldwide. As the second largest city in Poland,
it is a large market and an attractive location for business.
Favourable factors for development are highly skilled
workers and senior university graduates.
Weaknesses:
The limited supply of industrial land, high land prices for
industrial investments and storage, high rents of warehouse
space and logistics, demand for warehouse space limited to
local operators and the proximity of strong industrial
centres - Upper and Lower Silesia - are not factors boosting
the development of real estate warehousing and logistics
property sector.
Opportunities:
Development opportunities are believed to be the increasing
activity of international investors of international importance
having reserves of land designated for warehousing and
logistics facilities (e.g. Goodman - Kraków Airport Logistics
Centre). Favourable conditions for the sector are created by
planned and executed road projects (including the A4
motorway, E7 expressway).
Threats:
A threat to development may be unfinished and delayed
road projects, the potential growth of investment land
prices and a possible economic slowdown.
Range adopted on the basis of data from reports: 1) Warehouse space market in Poland 2011
on point, Jones Lang LaSalle, February 2012; 2) The annual report for warehouse market in Poland,
Colliers International, February 2012.
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11
Industrial, production space
In addition, Krakówski Park Technologiczny Sp. z o.o. (1997)
operates in Kraków and manages the Special Economic
Zone and Technology Park.
The areas covered by the Special Economic Zone in Kraków:
The Polish market for industrial and manufacturing space is
classified, including storage facilities, which are part of the
industrial and warehouse complexes. Thus, the data on
volume of storage and logistics sector also apply to directly
understand industrial space.
According to the data for 2011, the area of industrial and
warehouse facilities in Poland is around 6.4 - 6.59 million
m2. The rental vacancy rate nationwide is estimated
between 11.5% and 15%. New investments are usually
implemented on the basis of BTS. The biggest investors in
this market are currently: Prologis, Panattoni, SEGRO and
Goodman.
The situation of the industrial sector in Kraków is largely the
result of historical conditions. After 1989, there was
a process of privatization of large state enterprises. In the
areas occupied by the restructured enterprises, industrial
areas were established - suitable for business and covered
by the revitalization programs.
Currently operating in Kraków are industrial enterprises
from the following industries: metallurgical, chemical,
pharmaceutical, machinery, clothing, food, electronics,
printing, leather and footwear, and others.
Foreign direct investment in Kraków in 1989-2000
amounted to 8.4 billion USD; the investments were made in
the financial sector, processing industry and the real estate
market. In the industrial sector, significant foreign investors
are, among others: ArcelorMittal, Philip Morris, Pliva,
Donnelley, Électricité de France. Currently developing are
the BPO, SSC, R&D and IT sectors7. Industrial activity is
mostly invested outside the city limits, especially in areas
covered by the Kraków Special Economic Zone.
Industrial property market in Kraków is formed of land and
facilities located in the old industrial areas of the city and in
areas previously undeveloped, for development for
commercial functions, including:
Nowa Huta (areas of former HTS),
Rybitwy,
Zabłocie,
Płaszów.
7
8
Report on the City 2010, access www.bip.kraków.pl
See - Warehouse space, logistics, offer build-to-suit.
Kraków Nowa Huta
14.19 ha,
Kraków Śródmieście
41.70 ha,
Kraków Podgórze
48.68 ha.
Additional information: www.sse.kraków.pl
Supply
The supply of industrial buildings in Kraków is the modern
production and warehouse halls, including older facilities
that often have a smaller volume, for sale or rent.
The range of modern industrial-storage facilities is estimated
at 117.2 thousand m2. These are the areas that apply both
to warehouse and logistics and manufacturing facilities.
The main investors are: Goodman, Biuro Inwestycji
Kapitałowych, Małopolska Agencja Rozwoju Regionalnego,
MK Logistic and Panattoni Europe.8 New facilities are being
built mostly in the build-to-suit offer - as for example with
Goodman, who possesses a plot of 31.5 ha in Modlniczke
(near Kraków).
On the other hand Małopolska Agencja Rozwoju
Regionalnego, whose offer involves the investment in MARR
Business Park, (ul. Nad Drwiną 10) offers production and
warehouse facilities with the area of ca. 12.5 thousand m2
for warehousing and/or production. The offer of older
facilities covers the areas for sale and rent in a smaller area
and lower classes, which are located in different parts of
Kraków.
13
Tab. 3. Examples of offers of industrial space on the secondary market 2011/12
Location
Area (m2)
Sale price (PLN)
Rent price (PLN)
Kraków - Podgórze
6 000
-
59 040
Specification
Kraków - Bieżanów Prokocim
1 315
8 000 000
-
Kraków - Czyżyny
800
-
15 000
Service and manufacturing facility, consisting of halls, workshops, storage rooms, offices and
social space.
Kraków - Prądnik Biały
770
-
27 674
For rent, office, production and warehouse building. Parking spaces in front of the building.
Kraków - Prokocim
281
-
4 075
Production and storage hall with social and office space.
Kraków - Nowa Huta
230
-
3 220
Warehouse and production hall, sanitary facilities, parking, access for trucks, unloading ramp.
Kraków - Podgórze
1 100
4 000 000
-
Facility for business activity / production. Warehouse space, workshop, ample parking.
Kraków - Podgórze
- Rybitwy
1 120
3 120 000
-
Warehouse and production hall, offices, social space, archive, boiler room.
Kraków - Rybitwy
10 000
7 500 000
-
Brick production hall with social facilities, administrative office building.
Kraków - Podgórze
1 060
1 380 000
-
Production and warehouse building with office and social facilities, ample parking.
Kraków - Prokocim
489
-
7 091
Production hall in reinforced concrete construction, office building, parking for cars
Industrial and warehouse facility. Brick building, office space, social and warehouse space,
workshop hall.
Production and storage hall with social facilities and office space.
Prices
Prices for modern industrial and warehouse space in Kraków
fall within the range of 3.40 - 4.50 EUR/m2 per month .
Lease prices for lower class facilities off the secondary
market are 2.50 - 8.50 EUR/m2 per month9, with selling
prices that range from 188 EUR/m2 – 1 500 EUR/m2.
Kraków, in the development of the industrial sector, is
currently an area of low activity. The city itself most
frequently is the arena of activity of service and trade
companies. Several factors influence this situation:
demand for industrial space in the city of Kraków is
limited by - the character of the city and adopted
directions of development, high land prices and rental
prices of industrial and warehouse space, the historic
character of buildings, traffic and road problems,
supply of industrial space is limited by - the city's policy
directions of socio-economic development, lack of space
available for industry and high land prices, proximity to
areas more favourable to industry investment,
tendency to move industrial activity from the area of
Kraków to areas of neighbouring municipalities, often
covered by special economic zones (SEZs) or zones of
economic activity. In former industrial areas, residential
trade and services investments arise.
It can be expected that this trend will be maintained. New
industrial facilities will primarily emerge outside the city
limits. The level of rents for new facilities should remain at
a similar level.
Range adopted on the basis of data from reports: 1) Warehouse space market in Poland 2011 on
point, Jones Lang LaSalle, February 2012; 2) The annual report for warehouse market in Poland, Colliers International, February 2012.
9
15
Greenfield commercial real estate
The undeveloped investment land sector has a high
sensitivity to the global economic situation and above all to
the situation in financial markets. While at the beginning
of 2010, in Poland there was no increase in interest of
operators in the sector, however 2011 saw a rise in
the number of transactions whose total value exceeded
1 billion PLN.
In 2010-2011 the prices of land for both residential
developments and office projects in Poland showed
a decline. The greatest differences in price for the land
allocated for housing projects in 2011 compared to the
previous year were recorded in Kraków (25%), Wrocław
(24.5%), Poznań (23. 4%) and Łódz (22%). Similar to that
were price changes for the land of office investments,
where in Kraków the difference was 11% (Warszawa –
7.7%, Poznań - 6.2%, Katowice - 26.5%, Trójmiasto - 16%,
Wrocław - 26%)10.
The vast majority of the real estate in Kraków is in residential
and residential services, which also constitute the largest
quantitative share of the market transactions. A smaller
share is represented by commercial lands (designated for
industrial, commercial or warehouse purposes).
An important role in the market of investment land is played
by the Kraków municipality, which wishing to attract
investors provides the sale of land in good locations.
Currently, the municipality listings include about 40
different investment proposals with different purposes and
area (from 0.1 to 8 ha)11 .
Some important areas of a large supply of land for
development in Kraków are areas of industrial and
technology parks and special economic zones. They
represent separate areas in which investors can do business
on preferential terms. In the area of SEZ, there is a large
supply of free land with regulated legal status suitable for
investment, but there are certain restrictions on the use of
the land. The land is only attractive to investors who wish to
establish manufacturing operations, logistics, warehouse or
service activities. Most real estate transactions, which are
located in the SEZ, are primary market transactions.
By comparing the market for undeveloped land in the SEZ
and the market outside the SEZ, it can be stated that the
prices of plots located in the SEZ are much lower than the
prices of land located outside the area in Kraków and its
surroundings there are five special economic subzones:
Kraków Śródmieście (41.70 ha), Kraków Nowa Huta (14.19
ha), Kraków Podgórze (48.68 ha), Zabierzów (7.70 ha) and
Niepołomice (207.59 ha)12 .
Supply
Market of land for commercial development is unbalanced
in the various districts in terms of number of transactions
and turnover. One of the factors shaping the supply is the
emergence of local development plans in areas previously
not covered by such plans. At the same time it is related to
improving the liquidity of the transaction and the decrease
of investment risk. Most offers of investment land appear in
Nowa Huta, Podgórze and Krowodrza. It is noted, however,
that there is a wide variation in size of plots and land use in
the districts. The average size of land in Krowodrza is
approximately 0.7 hectares (0.1 ha - 3.5 ha), in Nowa Huta
- 1.1 ha (0.2 ha - 5.0 ha), while in the Podgórze district - 1.2
ha (0.1 ha - 15ha).
Tab. 4. Selected offers of investment land in Kraków (2011/2012)13
District
Address
Function
Area (ha)
Price (PLN/m2)
-
Krowodrza
V
ul. Poznańska
Mieszkaniowa
2.50
Krowodrza
V
ul. Wrocławska
Mieszkaniowa
5.50
-
Krowodrza
-
-
Mieszkaniowa
1.14
820
Krowodrza
IV
ul. Łokietka
Przemysłowa
1.08
700
Krowodrza
-
-
Handlowo-Usługowa
3.50
794
Nowa Huta
XVII
ul. Darwina
Mieszkaniowa
1.80
278
Nowa Huta
XIV
Park Technologiczny
Komercyjna
1.2
415
Nowa Huta
XVI
ul. Bieńczycka
Przemysłowa
4.68
180
Nowa Huta
-
-
Magazynowa/Usługowa
2.11
220
Podgórze
XIII
ul. Rybitwy
Handlowa
14.80
-
Podgórze
XII
ul. Wielicka
Mieszkaniowo-usługowa
1.71
-
Podgórze
IX
ul. Zakopiańska
Komercyjna
3.18
-
The estimation was based on reports: Poland Research & Forecast Report 2012, Colliers International and Poland Real Estate Review 2011, Colliers International.
www.ofertyinwestycyjne.um.kraków.pl
www.sse.kraków.pl
13
The statement issued on the basis of offers of real estate brokerage offices (EliteProperties, dominium.pl) and Poland Research & Forecast Report 2012, Colliers International.
10
11
12
17
Greenfield real estate prices
Building land prices vary widely and depend, among others,
on: location, location in the area covered by the local plan
(designation of land as defined in the local plan) or the
provisions of the zoning decision, distance from main roads,
access to technical infrastructure and the shape of the plot.
2010 brought a slight recovery in Kraków in the property
market, especially in investment plots. This was reflected in
an increased number of transactions and turnover compared
to 2009. Prices of land for residential purposes were at 50410 EUR/m2 (city centre - 562 EUR/m2, suburbs –
190 EUR/m2), and lands for services/office investments were
at 180 - 350 EUR/m2 (city centre – 400 EUR/m2, suburbs –
135 EUR/m2)14.
In 2011, prices fell compared to the previous year by about
11% in the case of land for services and office development.
The prices were at 150 - 320 EUR/m2, while the prices of
investment land intended for residential construction
declined by approximately 25% compared to 2010 and
were within the limits of 120 - 300 EUR/m2.
The price range adopted based on data: 1) Real Estate Market Report 2011 - Poland, Ober-Haus,
2) Poland Research & Forecast Report 2012, Colliers International.
14
Fig. 3. Average prices of undeveloped land as of
30 June 2011 (in PLN/m2)
Source: www.msp.krakow.pl
Fig. 4. Average prices of undeveloped land as of 2010 (in PLN/m2)
In the market of investment land in 2012, stabilization
activity of entities will take place. Changes in the legal
environment related to the validation of the provisions of
the Act on the Protection of purchaser of residential
premises may cause a slight decrease in the demand for
land intended for residential developments. It is anticipated
that the demand for land for office or business investment
will be at a similar level as in previous years. In subsequent
years, the most sought after locations of land intended for
commercial
buildings,
warehouses
and
industrial
development will be focused in towns to the south
(Mogilany, Swoszowice, Libertów) and north of Kraków
(Bibice, Michałowice). Prices of land designated for office
and retail investments should be at a similar level or slightly
lower.
In 2012-2013 the supply of commercial land is expected to
increase. Significant impact on its level will be exerted
above all by the newly adopted local plans, activating the
investment processes and transforming the existing land
use. Particular importance is given to plans drawn up in the
district of Pogórze and Nowa Huta, together covering an
area of several thousand hectares.
Source: www.msp.krakow.pl
19
Residential market
Housing demand
Stable housing demand is characterized by specific
dynamics. From 2008-2011 a group of buyers interested in
small apartments increased. This was partly due to
increasing market share of single households, and partly
a more realistic look at one's own creditworthiness. While
in 2008 every second household looked for apartments
with an area exceeding 60 m2, in 2011 such a demand was
reported by less than 1 in 3. A similar trend can be seen by
analyzing the demand expressed as number of rooms
searched. In 2008, the largest group were households in
search of three-room apartments, but in 2011 the largest
group was interested in 2-room apartments.
The most attractive locations are in the districts: Łobzów,
Krowodrza Górka, Olsza and Prądnik Czerwony15. These
areas are located in the north and north-west of the city,
well connected to the centre. They have a large
infrastructure of services - shops, parks, schools,
kindergartens. Attractive locations also include: Stare
Miasto, Stare Podgórze, Rakowice, Grzegórzki, Salwator,
Bronowice, Biały Prądnik, Górka Narodowa, Borek Fałęcki,
Ruczaj and Wola Duchacka. In Kraków, unattractive
locations may also be found, such as: Rybitwy, Łęg, Nowa
Huta, Wzgórza Krzesławickie, Kombinat, Mogiła, Ruszcza,
Przylasek Rusiecki and Bieńczyce16.
The fundamental demand for housing and customer
preferences are stable, but are also subject to change - due
to the socio-economic conditions, and also because of the
changing city. The main factors influencing the residential
market in Kraków are demographics (the amount and
structure of households), and sociological factors - life cycle
and lifestyle, migration balance (according to demographic
projections, along with Warszawa, Kraków is only one of
the biggest cities in Poland that will not have the population
decline).
Supply of apartments
The supply of apartments in Kraków in the period 2008-2011 far exceeded demand. In 2010, approximately 5 000
apartments were completed - less than half of the recorded
in 2009. However, despite the pessimistic signals from the
economy, a small revival in the market meant that in 2010,
12 000 building permits were issued, which allows for an
approximate estimate of supply in the near future.
The main indicator of housing supply in the primary market
in Kraków is the amount of development investments,
which increased steadily in subsequent quarters of 2011. In
the fourth quarter of 2011, within the city limits there were
more than 200 multi-family investments in trade, of which
more than half of those hit the market this year17. At the
turn of the year 2011/2012 the biggest share in the
development market is the Podgórze district (86 projects,
42% of total), in second place is Krowodrza (57 projects or
28%), and the third Śródmieście (48 projects, or 23%). The
least amount of investment in residential development is in
Nowa Huta (15 projects, or 7%). However, in the period
2009-2011 an increase could be seen in housing projects in
Nowa Huta (last year by 50%)18. It seems that the main
cause of increase in the investments in Nowa Huta is the
cost of land - the investment opportunity for the less
wealthy customers, while maintaining acceptable margins.
According to research by NBP, the average level of developer
margin implemented in Kraków is between 25 - 27%, which
translates to a satisfactory return on investment for
developers. On the other hand, increased competition will
lead to a significant reduction in margin in the next several
months. It seems that there is still potential to reduce profit
margins, and so prices in the primary market will be
characterized by a "viscosity", especially compared to the
secondary market, where the possibility of negotiating the
prices of the bids is much higher.
Apartment prices
The year 2011 was a year of price stabilization in the
housing market in Kraków, but in the last months of the
year, pessimistic sentiment increased. In the fourth quarter
of 2011 prices began to fall again after a relatively
favourable situation in late 2010 and 2011, when it seemed
that the market was beginning to revive after the crisis
starting in mid-2007. In the fourth quarter of 2011 average
prices in Kraków reached approximately the level from
5 years before, so from fourth quarter of 2006. In real
terms (adjusted for the price index of goods and services) a
fall in apartment prices was even more apparent.
ibidem.
ibidem.
Residential development market in Kraków. Winter 2011, the Institute of Analysis Real Estate Market Monitor MRN.pl
18
Data of the Institute of Analysis Real Estate Market Monitor MRN.pl
15
16
17
21
Fig. 5. Average prices of apartments in Kraków on the primary
(left panel) and secondary markets (right panel)
Source: own study based on NBP data
Average transaction prices in the secondary market are
lower than in the primary market by about 10%, and the
difference results, among others, from a lower standard of
housing.
Fig. 6. Index of average transaction prices of apartments in Kraków
on the primary (left panel) and secondary markets (right panel)
Source: own study based on NBP data
One of the most important factors influencing the prices of
apartments in Kraków is the location. The highest prices are
apartments situated in the historical centre of Kraków where
the average prices exceed 10 000 per m2. However, this is
a specific piece of the market; transactions are often
investment housing intended for rental. Due to this, the
preferences of the customers high housing prices are in the
north and north-west of the city (Olsza, Prądnik Czerwony,
Prądnik Biały, Krowodrza, Bronowice), where they range
between 7 000 and 8 500 PLN/m2.
A diverse part of Kraków is Podgórze, located in the south.
The highest prices in Podgórze are quoted in Old Town, near
the banks of the river and the recently fashionable Zabłocie,
where in some places (lofts) may exceed 10 000 PLN/m2.
Relatively high prices are also found in the Debniki district
(about 6 000 - 7 000 PLN/m2), slightly lower in Kurdwanów
and distant from centre locations such as Złocień or Bieżanów
(5 500 – 6 500 PLN/m2).
The lowest housing prices can be found in the north-eastern
part of Kraków where, depending on the type of resource
and the district, average prices are within the range of 5 000
– 6 000 PLN/m2. Even in Nowa-Huta, however, one can find
investments in which prices, due to the standard of building
and environmental benefits differ significantly from the
others. For example, housing prices in the vicinity of Kraków
Special Economic Zone and Park Lotników ("My Eldorado")
revolve in the secondary market around 9 000 PLN/m2.
When analyzing housing prices, it can be seen that among
all the major cities in Poland, Kraków has the lowest rate of
access to housing. With the average monthly salary one can
buy 0.5 m2 of a typical apartment, while in Katowice, more
than 0.9 m2.
Apartment rental prices
A feature of the market for apartment rental in Kraków is its
seasonality. Kraków, after Warszawa, is the largest academic
centre in Poland, so the demand on the rental market is
created largely by students.
As for location, tenants are usually interested in areas closer
to the centre with convenient connections to other areas of
the city. Neighbourhoods of universities are also in high
regard (e.g. Dębniki, due to UJ campus). Krowodrza is also
an attractive district, and then areas such as Podgórze are
selected19. In the case of the rental market, apartment
arrangement is more important than in the investment
market. This follows from the fact that tenants of an
apartment are often from separate households. In light of
the experience of agents, one can rather quickly rent a two-
room apartment, without a walkthrough, but by meeting
proper conditions; the same can be said about a threeroom apartment. Larger apartments with a kitchen that
opens to a room are not characterized by a very high level
of functionality, so it is harder to rent them20.
In terms of supply, about 20% of the total supply of housing
to rent is one-room apartments, 35% are 2-room
apartments and 30% are 3-room apartments. The supply is
concentrated in the centre of Kraków (the so-called second
ring road), north-west of the city and Dębniki.
In Kraków, the average rent is an average of 30 PLN/m2 per
month (although research shows that the transaction rents
may be about 4 - 5% lower than bids21. Net rent for 1-room
apartments is on average 1 100 PLN per month. Average
rent for 2-room apartment is ca. 1 500 PLN per month.
Rent for a 3-room apartment is about 2 200 PLN per
month.
Forecast for sales and prices
When analyzing the dynamics of housing demand, it is
worth paying attention to the role of housing policy. An
important source of financing for the housing market in
2010-2011 was the "Rodzina na swoim" program (according
to the data of Bank Gospodarstwa Krajowego in early 2011,
the average value of credit granted in Kraków amounted to
248 thousand PLN).
In the case of supply, the most important factor is – now
the largest since the beginning of the transition period –
the number of apartments available on the primary market
(which consists of apartments provided for completion in
2012 and finished unsold apartments still remaining in the
offer of developers).
On the demand side, the following seem deciding for
further dynamics of the housing market:
Expectations of house prices falling in the near future22,
which may lead some buyers to delay the time of
investment,
Uncertain macroeconomic situation, which results in
a relative instability of the labour market (the risk of job
loss of household members interested in buying an
apartment),
The relatively low growth of household income, and the
not very favourable ratio to prices of apartments in
Kraków (the worst among major cities in Poland,
coefficient of availability of housing),
Rental market - the calm before the storm, Research Department Emmerson S.A based on data collected by Emmerson S.A.
Hot market for rental housing, the third quarter of 2011.
Report on the rental market of apartments by portal Oferty.net – July 2011 (2011.07.26).
22
Most buyers of apartments expect declines in house prices in Kraków in 2012, and moods deteriorated significantly compared to last year.
19
20
21
23
Reduction in mortgage availability in connection with
the recommendation of the Financial Supervision
Commission introduced at the beginning of the year
(which translates in practice to a more conservative
assessment of the creditworthiness of potential
borrowers). According to some pessimistic estimates,
every fifth household will lose the possibility of
a mortgage credit. Adding to this, the potential increase
in interest rates and increasing the requirements for
own contribution, as a result one should expect even
several-percent reduction of the purchasing capacity of
potential apartment buyers.
In light of these considerations, the most likely seems to be
the continuation of downward trend in house prices in
Kraków in 2012 and in 2013, unless the macroeconomic
situation significantly improves. It also appears that market
activity will decrease, as reflected in a smaller trading
volume.
In addition, it seems that the market may be polarized with
a relatively good situation in the segment of two-room
apartments (although the supply has increased significantly
in recent times, and so there is also more competition
between developers) and three-room apartments (with
a group of customers who have their own apartment, and
interested in buying a larger one).
in the Małopolska Region 2012
- greenfield area
25
Northwest Małopolska
Characteristics of the area
The north-western part of Małopolska consists of six
counties: Olkuski, Chrzanowski, Oświęcimski, Krakowski,
Wadowicki and Myślenicki.
The northern belt of the Małopolska Region, which
stretches from the town and municipality of Wolbrom
through part of the Kraków, Proszowicki and Miechowski
counties located in the north-eastern part of the region,
until the municipality Kosice - is characterized by favourable
conditions for agricultural activities with the persistence of
low economic development.
The Kraków Special Economic Zone operates within the
Małopolska Region covering an area of 558.71 hectares and
is managed by Krakowski Park Technologiczny Sp. z o.o. Its
range extends beyond the areas of Małopolska into the
Podkarpackie Region. In addition to the Krakow SEZ, in the
north-western part of the Małopolska Region, there are
areas covered by the Katowice SEZ.
Areas covered by the incentives of special economic zones
are located, among others, in: Bukowno, Chełmek,
Dobczyce, Myślenice, Oświęcim, Słomniki, Wolbrom, Zator.
The following are included in economic activity zones and
investment zones located in the north-western part of the
Małopolska Region:
Municipal Economic Activity Zone in Chełmek,
On the other hand, the central and southern area of that
part of the Małopolska Region is land with a considerable
degree of urbanization and developed economic functions
associated with industry. Concentration centres of industrial
activity include: Kraków, Oświęcim, Wadowice, Chrzanów,
Trzebinia, Olkusz, Myślenice and Bochnia.
With regard to land structure, ca. 60% - 70% is arable land.
Greenfield industrial investment real estate is located mainly
throughout urban areas, industrial areas and in areas
designated for business development.
Chrzanowsko-Trzebiński Industrial Park,
Dobczycka Industrial Zone "Zielone Dobczyce",
Economic Activity Zone Myślenice – Jawornik,
Economic Activity Zone Nowe Dwory in Oświęcim,
Economic Activity Zone of Western Małopolska,
Economic Activity Zone in Skawina.
Often these are the areas of special economic zones, zones
of economic activity and investment zones, technological
and industrial parks.
Individual municipalities within the SEZs adopt zoning plans
and identify areas of investment activity in their areas. They
include land ownership of both public entities
(municipalities, Treasury), as well as private individuals.
27
Tab. 5. Selected areas of investment and industrial activity in north-western Małopolska
Municipality/Town
County
Area (m²)
Ownership
Land designation
Chrzanowski
240 000
natural and legal persons, Chrzanów
municipality
Production and services
Chrzanów, investment areas within
the industrial zone
Chrzanowski
1 020 000
natural and legal persons, Chrzanów
municipality
Production and warehousing
Chrzanów
Chrzanowski
50 000
town of Chrzanów
Industrial
Industrial
Chrzanów, investment areas of
Dolina Chechło-Północ
Myślenice - Dolne Przedmieście
Investment Zone
Myślenicki
137 200
Myślenice municipality, Treasury,
private persons
Myślenice - Jawornik Polanka
Investment Zone
Myślenicki
600 000
private persons
Industrial
Oświęcim - Municipal Economic
Activity Zone Nowe Dwory
Oświęcimski
180 000
town of Oświęcim, natural persons
Oświęcim - Municipal Economic
Activity Zone Nowe Dwory
Oświęcimski
159 000
town of Oświęcim, natural persons
Oświęcim - industrial areas Nadwiślańska
Oświęcimski
16 965
town of Oświęcim
Oświęcim - Bakutil
Oświęcimski
34 340
town of Oświęcim, legal person
Production, trade and
services
Main locations
Oświęcim. Single, larger areas were also offered in the areas
of mentioned economic zones and industrial areas, except
of those already listed locations - Bukowno, Chełmek,
Dobczyce, Pcim, Wolbrom and Zator.
In north-west Małopolska, most offers of greenfield type
areas are found in the county of Kraków, in the municipalities
of: Krzeszowice, Liszki, Mogilany, Morawica, Skawina,
Słomniki and Zabierzów. In other counties, offers mainly
focused on town areas: Chrzanów, Myślenice, Olkusz and
Among the private offers there were lands ranging in size
from a few acres to tens of hectares
Tab. 6. Examples of private offers
Municipality:
County
Area
Price (PLN)
Price (PLN/m²)
Designation
Chrzanów
Chrzanowski
65 000
17 500 000
269
Chrzanów
Chrzanowski
34 000
3 442 600
101
Krzeszowice
Krakowski
380 000
16 000 000
42
Production, warehousing and services
Krzeszowice
Krakowski
12 000
2 400 000
200
Liszki
Krakowski
12 000
4 200 000
350
Production and offices
Mogilany
Krakowski
8 400
3 000 000
357
Production, services and trade
Mogilany
Krakowski
16 700
2 300 000
138
Skawina
Krakowski
33 700
6 000 000
178
Skawina
Krakowski
17 200
3 612 000
210
Industrial
Słomniki
Krakowski
465 000
46 500 000
100
Residential/production
Zabierzów
Krakowski
26 500
8 000 000
302
Industrial
Zabierzów
Krakowski
9 200
2 950 000
321
Zabierzów
Krakowski
24 000
8 400 000
350
Production and offices
Myślenice
Myślenicki
3 500
875 000
250
Myślenice
Myślenicki
2 500
750 000
300
Industrial
Klucze
Olkuski
20 000
1 600 000
80
Industrial
Olkusz
Olkuski
5 431
650 000
120
Residential/production
Olkusz
Olkuski
20 063
3 100 000
155
Production and trade
Kęty
Oświęcimski
3 152
150 000
48
Industrial
Oświęcim
Oświęcimski
3 000
105 000
35
Oświęcim
Oświęcimski
4 339
260 000
60
Andrychów
Wadowicki
135 000
26 000 000
193
Kalwaria Zebrzydowska
Wadowicki
21 700
2 173 000
100
Residential/production, trade and warehousing
Source: Department of Real Estate and Investment Economics, Cracow University of Economics
With larger surface area offers, it is worth mentioning
a few, covering areas of several tens of hectares.
In the case of real estate listings located in the special
economic zones and industrial parks, there recently
appeared larger greenfield areas in Bukowno, Chełmek and
Wolbrom. The remaining area of industrial land ranged
from a few acres to several hectares.
Tab. 7.
Area (m²)
Land designation
Wolbrom / Olkuski County
Municipality/county
875 000
Słomniki / Krakowski County
532 800
Production, warehousing
and services
Czernichów / Krakowski County
527 000
Bukowno / Olkuski County
230 000
Trzbinia / Chrzanowski County
230 000
Industrial
Source: PAIiIZ, http://infobase.paiz.gov.pl/indexl.php
Tab. 8. Examples of offers of special economic zones
Special Economic Zone
Municipality
County
Area (m2)
Price (PLN/m²)
Land designation
Land owner
Krakow Technology Park
Bukowno
Olkuski
91 857
37.3
Bukowno Municipality,
Treasury
Chełmek
Oświęcimski
112 346
-
Chełmek Municipality,
Treasury
Dobczyce
Myślenicki
13 000
100
Dobczyce Municipality
Katowice Special Economic Zone
Myślenice
Myślenicki
1 372
-
Industrial
Myślenice Municipality,
Treasury, private owners
Oświęcim
Oświęcimski
25 674
95
Town of Oświęcim
Municipality
Oświęcim
Oświęcimski
25 573
95
Town of Oświęcim
Municipality
Słomniki
Krakowski
24 200
-
Industrial
Słomniki Municipality
Wolbrom
Olkuski
140 000
30
Wolbrom Municipality
Zator
Oświęcimski
17 922
50
Industrial
Zator Municipality
Tab. 9. Examples of offers of industrial parks
County
Area (m2)
Price (PLN/m2)
Land designation
Dobczyce - Industrial Zone
Municipality
Myślenicki County
4 300
81
Industrial
Skawina - Industrial Zone
Krakowski
17 300
243
Industrial
Pcim - Industrial Zone
Myślenicki
2 800
110
Industrial
Myślenice - Myślenicka Industrial Zone
Myślenicki
14 000
120
Industrial
169
Production, trade and
services
Myślenice - Myślenicka Industrial Zone
Myślenicki
3 946
To sum up, main locations of industrial functioning
greenfields areas in this part of Małopolska are included in
the municipalities of Kraków County that are developing
industrial functions in their areas, which is facilitated by
being within the close proximity of Kraków and the growing
trend to locate production activities outside regional cities.
These are well connected areas, and their main advantage is
being the possibility of using a greater surface area than
within the city of Kraków and at attractive prices. The
development of industrial functions is favoured by the
formation of subzones of SEZ and the appointment by the
municipalities in local development plans of areas for
investment and economic activity.
Outside Kraków County, most industrial functioning
greenfield listings are located in several industrial towns
including: Chrzanów, Dobczyce, Myślenice, Olkusz, Oświęcim
and Wolbrom.
Average sale prices
The prices for the sale of land for industrial purposes vary in
a wide range from several to several hundred PLN per m2 of
a lot. The average offer price in the north-western part of the
Małopolska Region is 160 PLN/m2; there are areas where
average prices reach much higher and much lower levels. For
example, in Chrzanowski County, the average asking prices
on record were over 200 PLN/m2, and in Oświęcimski County
ca. 50 PLN/m2. On average, asking prices are between 100
PLN/m2 and 350 PLN/m2. Lands in the areas included in SEZ
reach lower prices, frequently below 100 PLN/m2.
29
Fig. 7. Average asking prices in the counties
of north-western Małopolska at the turn of 2011 and 2012 (PLN/m2)
Northeast Małopolska
Investment Zone Niepołomice - Zagórze,
Green Industrial Park “Kryształowy” in Tarnów,
Wielicka Economic Activity Zone,
The north-eastern part of the Małopolska Region includes
seven counties: Bocheński, Brzeski, Dąbrowski, Miechowski,
Proszowicki, Tarnowski, Wielicki and the town of Tarnów.
The area can be divided into two functional areas:
Green Industrial Park in Wojnicz,
Economic Activity Zone Dąbrowa Tarnowska,
1. Northern area, with favourable conditions to carry out
the agricultural economy, including the Miechowski,
Proszowicki and Dąbrowski Counties (Miechów Plateau,
Proszowice Plateau, Nadwiślańska Plain, Bochenski Plateau
and Tarnowski Plateau). These are the least urbanized areas
that have poor accessibility, sparsely populated and
a negative migration balance.
Special Economic Activity Zone in Książ Wielki,
2. The area along the A4 motorway, including the counties:
Wielicki, Bocheński, Brzeski, Tarnowski and the town of
Tarnów. Municipalities located along a transit corridor from
Western Europe to Ukraine are potentially the most
attractive areas for investments. Tarnów - a town of regional
significance - is a centre for economic and cultural activities.
Economic Activity Zone in Szczurowa.
Greenfield investment real estate is mainly located in urban
areas, industrial areas and in areas designated for business
development. Often these are the areas of special economic
zones or areas of economic activity. The areas covered by
the special economic zones are located, among others, in:
Bochnia, Gdów, Książ Wielki, Niepołomice and Tarnów.
The zones of economic activity and investment zones in
the north-eastern part of Małopolska include:
Bocheńska Economic Activity Zone,
Niepołomicka Investment Zone,
Economic Activity Zone in Trzciana,
Nowobrzeski Economic Area,
Economic Activity Zone in Niszowa,
Main locations
Most offers of investment land earmarked for industrial and
manufacturing, at the turn of 2011/2012 were recorded in
the counties: Bocheński, Brzeski, Tarnowski and Wielicki.
The least offers to sell this type of land were recorded in the
counties: Miechowski, Dąbrowski and Proszowicki. Most
offers by private owners appeared in such municipalities as:
Rzezawa, Bochnia, Proszowice, Niepołomice, Wojnicz,
Radziemice, Tarnów, Kokotów and Wieliczka. The area of
land offered in various counties is highly variable and the
offers with the largest area of land include lots in
Radziemice (Proszowicki County, area of 42 ha), Niepołomice
(Wielicki County, area of ca. 16 ha) and Tarnów (town of
Tarnów, 6.13 ha).
31
Municipality
County
Area (m2)
Price (PLN)
Price (PLN/m2)
Land designation
Rzezawa
Bocheński
23 800
1 428 000
60
Industrial and warehousing
Gierzyce
Bocheński
12 000
629 000
52
Industrial
Bochnia
Bocheński
24 000
1 920 000
80
Industrial
Łapanów
Bocheński
8 000
290 000
36
Industrial and services
Industrial
Jurków
Brzeski
10 800
1 000 000
93
Gnojnik
Brzeski
9 400
590 000
63
Industrial
Wola Dębińska
Brzeski
7 000
560 000
80
Wola Dębińska
Brzeski
31 300
2 500 000
80
Industrial
Mędrzechów
Dąbrowski
8 400
199 000
24
Production
Żelazówka
Dąbrowski
20 000
829 000
41
Warehousing and industrial
Radziemice
Proszowicki
189 200
13 244 000
70
Services and production
Radziemice
Proszowicki
420 000
29 400 000
70
Industrial
Proszowice
Proszowicki
17 850
984 000
55
Warehousing and industrial
Żabno
Tarnowski
18 000
540 000
30
Industrial
Wojnicz
Tarnowski
5 076
1 370 000
270
Tarnów
Tarnów
23 900
4 300 000
180
Industrial
Tarnów
Tarnów
16 000
2 708 780
169
Niepołomice
Wielicki
161 700
17 785 000
110
Industrial
Bodzanów
Wielicki
19 700
2 200 000
112
Industrial and warehousing
Kokotów
Wielicki
3 800
670 000
176
Industrial and production
In the case of land falling within special economic
zones and technology parks, the most offers appear
in Niepołomice, Tarnów and Bochnia.
Tab. 11. Examples of listings for greenfield lands in special economic zones in north-eastern Małopolska
Municipality
County
Area (m²)
Price (PLN/m²)
Land owner
Land designation
Industrial, services,
residential and services
Bocheńska Economic Activity Zone
Bochnia
Bocheński
170 885
86
Bochnia municipality,
private owners
Książ Wielki
Miechowski
57 522
200
Książ Wielki municipality
Industrial
Special Economic Zone - Industrial
Park “Czysta”
Tarnów
Tarnów
13 000
80
Tarnowski Klaster
Przemysłowy S.A.
Gdów
Wielicki
92 700
62
Agencja Nieruchomości
Rolnych
Industrial
Niepołomice
Wielicki
106 000
100
Agencja Nieruchomości
Rolnych
Production and industrial
In the north-eastern part of the Małopolska Region, 13
zones of economic activity were created. There are separate
areas, prepared mostly by local governments and designed
to enhance the investment attractiveness of municipalities.
Lands located within such zones are the property of
individuals, land communities, municipalities, and the
Agricultural Property Agency. A particularly large number of
offers are recorded in the newly established and rapidly
developing areas, in municipalities such as: Szczurowa and
Bochnia. At the same time there is no decrease in supply of
greenfield land in the zones in Tarnów and Niepołomice.
Tab. 12. Examples of offers of land in areas of economic activity in north-eastern Małopolska
Municipality/Town
County
Area (m²)
Price (PLN/m2)
Ownership
Land designation
Bocheński
115 000
22
Bochnia municipality
Szczurowa - Niedzieliska
Brzeski
180 000
-
private property, land community
of Niedzieliska village
Industrial and production
Szczurowa - Zaborów
Brzeski
88 000
-
land community of Zaborów village
Bochnia - Bogucice
Dąbrowski
281 200
10
Agricultural Property Agency, private,
Dąbrowa Tarnowska municipality
Green Industrial Park in Tarnów
Tarnów
7000
100
Tarnów municipality
Production and trade
Green Industrial Park in Tarnów
Tarnów
4000
160
Tarnów municipality
Tarnów – Green Industrial Park
Tarnów
13 000
80
-
Industrial
Gdów
Wielicki
13 000
80
-
Industrial
Niepołomice
Wielicki
13 000
80
-
Industrial
Dąbrowa Tarnowska - Morzychna
Tab. 13. The largest area listings from individual counties in north-eastern Małopolska
County
Area (m²)
Land designation
BSAG/Bochnia
Municipality/Town
Bocheński
552 572
Warehousing and services
Rzezawa
Bocheński
600 000
Production, trade and services
Cikowice - Bochnia
Bocheński
705 694
Industrial
Brzeski
345 800
Industrial
Brzesko – Jodowniki Rędziny
Szczurowa - Niedzieliska
Brzeski
363 700
Dąbrowa Tarnowska - Morzychna
Dąbrowski
151 600
Industrial
Szczucin
Dąbrowski
188 600
Industrial
Radziemice - Wierzbica
Proszowicki
395 600
Radziemice - Wierzbica
Proszowicki
426 000
Industrial, production and services
Lisia Góra - Brzozówka
Tarnowski
260 000
Industrial
Tarnów
Tarnów
880 000
Industrial
Niepołomice - Zagórze
Wielicki
1 160 000
Niepołomice - Płuski
Wielicki
225 500
Industrial
Niepołomice - Chwalców
Wielicki
262 300
Industrial
Source: PAIiIZ
The least amount of investment land with industrial
functions is found in the listings of Miechowski County.
Although a special economic zone operates in the
municipality of Książ Wielki (Miechowski County) the supply
of land for development is low. This is mainly due to the
nature of the county in which about 80% of the area is
arable land, characterized by the highest quality soils
in Małopolska.
Fig. 8. Average asking prices in the counties
of north-eastern Małopolska at the turn of 2011 and 2012 (PLN/m2)
Average sale prices
The average listing for the sale price of land with industrial
functions for the analyzed area is 115 PLN/m2. However,
given the great diversity of the north-eastern part of
Małopolska, in terms of supply of such land, it does not
reflect the distribution of prices in individual counties. In
the first quarter of 2012, the lowest asking prices were
recorded in Dąbrowski County (25 PLN/m2), and the highest
in Wielicki County (135 PLN/m2) and Tarnów (146 PLN/m2).
Asking prices in Tarnów are between 32 PLN/m2
and 300 PLN/m2, and in Tarnowski County the average
asking price for land is 102 PLN/m2.
In Wielicki County, with one of the largest special economic
zones of the Małopolska Region (investment zone in
Niepołomice), prices are between 35 PLN/m2 and above
500 PLN/m2. The average price of land covered by the zone
of economic activity and the special economic zone
is 130 PLN/m2, while the average offer price of land located
outside the zone is 144 PLN/m2.
33
Southern Małopolska
economic activity in their area, for example in the
investment areas in Nowy Targ, including lands owned by
municipalities and individuals.
Tab. 14. Area of investment and industrial activity
in Southern Małopolska
The southern part of Małopolska is an attractive region in
terms of nature and landscape, but because of the terrain,
soil quality and natural values, it is characterized by
a significantly lower level of development of agricultural
and industrial activities. The southern part of Małopolska
covers six counties: Limanowski, Gorlicki, Nowosądecki,
Nowotarski, Suski and Tatrzański. Due to the spatialeconomic differences, this area can be divided into two
sub-areas:
south-western part with mountainous areas and spa
localities characterized by particularly attractive
conditions for the development of tourism and
recreational activities, including areas of Zawoja (Suski
County), through Zakopane, Nowy Targ, Nowy Sącz,
Krynica, to the less known Wysowa (Gorlicki County),
south-eastern part of the Małopolska Region with
dominant agricultural and orchard functions in
Limanowski and Gorlicki Counties, along with the
growing industrial and service activity limited to the
urban land: Nowy Sącz, Nowy Targ and Gorlice.
In terms of structure there is a significant share of
agricultural and forest land. In a large portion of this land
are the mountainous areas. Greenfield Investment lands are
mostly found in the main cities of Southern Małopolska Nowy Sącz, Nowy Targ and Gorlice. These are lands
covered by:
special economic zones,
zones of economic activity and investment zones.
The areas covered by the incentives of special economic
zones are located in:
Nowy Sącz, within the Kraków Special Economic Zone
managed by Krakowski Park Technologiczny Sp. z o.o.,
Limanowa, in the Economic Activity Zone within the
Kraków Special Economic Zone managed by Krakowski
Park Technologiczny Sp. z o.o.,
Gorlice, within the Special Economic Zone Europark
Mielec.
Furthermore, the individual municipalities within adopted
local zoning plans designate areas of investment and
Municipality/
Town
County
Nowy Targ
Nowotarski
Area
(m²)
Ownership
40 000
municipality
40 000
private
Land
designation
Industrial
Main locations
In Southern Małopolska the most offers of greenfield areas
are recorded in Nowosądecki, Nowotarski and Gorlicki
County. Apart from major towns: Nowy Sącz, Nowym Targ
and Gorlice, few offers also appeared in Chełmiec, Łąck,
Krynica Zdrój, Nawojowa, Moszczenica and Raba Wyżna.
However, note that those areas are dominated by investment
land offers with the functions of housing, tourism and
services.
Among the private offers there were industrial lands
ranging in size from a few acres to a few hectares at the
most. This reflects the marginalization of industrial
functions in these areas.
35
Municipality
County
Area (m²)
Price (PLN)
Price (PLN/m²)
Designation
Nowy Targ
Nowotarski
6 800
1 500 000
221
Nowy Targ
Nowotarski
12 500
2 500 000
200
Nowy Targ
Nowotarski
3 031
1 100 000
363
Industrial
Raba Wyżna
Nowotarski
3 300
192 000
58
Residential/production and services
Nowy Sącz
Nowosądecki
2 585
425 000
164
Nawojowa
Nowosądecki
10 000
1 550 000
155
Industrial
Chełmiec
Nowosądecki
21 200
4 000 000
189
Gorlice
Gorlicki
3 700
65 000
18
Gorlice
Gorlicki
10 400
250 000
24
Residential/production and services
Among larger area offers, it is worth mentioning a few,
covering areas between ten to almost thirty hectares. These
listings, however, are scarce in this area.
Tab. 16.
Municipality
County
Area (m²)
Land designation
Krynica Zdrój
Nowosądecki
101 700
Industrial
Krynica Zdrój
Nowosądecki
275 000
Industrial
Łącko
Nowosądecki
17 700
Source: PAIiIZ, http://infobase.paiz.gov.pl/indexl.php
In the case of real estate listings located in special economic
zones and industrial parks, there recently appeared severaland several-tens of hectares in greenfield areas of Gorlice
and Nowy Sącz.
Tab. 17. Examples of offers of special economic zones
Municipality
County
Area (m²)
Price (PLN/m²)
Land designation
Land owner
SSE Europark Mielec
Gorlice
Gorlicki
163 000
-
Industrial areas
-
Nowy Sącz
Nowosądecki
37 348
100-200
Production and services areas
Nowy Sącz municipality
To sum up, main locations of greenfield areas in this part of
the Małopolska Region are the municipalities of Gorlicki,
Nowosądecki and Nowotarski Counties – mainly in urban
areas. Generally in Southern Małopolska, most investment
offers concern the residential, tourist and service functions,
while industrial offers are often scarce.
Average sale prices
The prices for the sale of land for industrial purposes vary
from several to several hundred PLN per m2 of a lot. The
average offer price in the southern part of the Małopolska
Region is 138 PLN/m2. One can also identify areas where
the average asking prices are higher - for example,
in Nowy Targ - they are in the range of approximately
200 - 360 PLN/m2 (average of 261 PLN/m2), and much lower
in Gorlice, where the average asking price is 21 PLN/m2. On
average, asking prices in the southern part of
the Małopolska Region are between 100 PLN/m2
and 250 PLN/m2.
in the Małopolska Region 2012
- brownfield area
Most brownfield industrial properties are located in the
northern part of the Małopolska Region.
The brownfield offers are dominated by land with the
buildings with a high degree of obsolescence and technical
wear. There are only a few examples of offers that are
in better condition. One example is a warehouse production
hall with office space offered for sale or rent that is located
in Myślenicki County.
Tab. 19. Examples of purchase offers of brownfield properties
– offers of the Polish Information and Foreign Investment Agency
Main locations
Municipality/county
Detailed
location
Area
(m²)
Offer description
The north-western part of the Małopolska Region is
dominated by small properties of several hundred to two
thousand m2, located on small plots generally not exceeding
a few dozen acres. In the part of the region there are a few
offers to sell major investment areas every year. Currently,
it is worth paying attention to listings in Oświęcim
Synthos S.A. is offering ca. 100 ha total of industrial areas
that are partially developer and targeted to investors from
various sectors.
Chrzanów/Chrzanowski
ul. Fabryczna
5 423
Lot with production
hall from 1979
ul. Fabryczna
2 589
Lot with production
hall from 1980
Myślenice/Myślenicki
ul. Polanka
4 500
Plot with the
production hall with
office space, very
good condition
from 2010
Chełmek/Oświęcimski
ul. Przemysłowa
2 168
Plot with production
hall from 1970
Chełmek/Oświęcimski
ul. Przemysłowa
9 838
hall from 1970
Among the six counties of the region, Chrzanowski,
Oświęcimski and Olkuski are of key importance.
Skawina/Krakowski
-
1 200
hall from 1970
Average sale prices
Tab. 18. Examples of purchase offers for brownfield
real estate - offers of selected real estate agencies
Development
Area
Designation
13 600
740
Industrial, residential
3 288
1 738
Industrial
35 000
over 3 000
Industrial,
warehousing, office
Trzebinia/Chrzanowski
2 554
1 100
Industrial
140 000
-
Industrial
7 954
1 200
Industrial
6 124
1 200
Industrial
Cholerzyn/Krakowski
4 000
680
Industrial
Oświęcim/Oświęcimski
30 000
-
Industrial
Chełmek/ Oświęcimski
-
4 000
Industrial and
warehousing
Oświęcim/Oświęcimski
1 177
347
Industrial
Municipality/county
Area (m²)
Rodaki/ Olkuski
Olkusz/Olkuski
Source: PAIiIZ
Sale prices of brownfield properties fall - similarly to
greenfield properties- within a wide range. High impact on
price is due to the technical condition of buildings, the
possibility of their adaptation to the needs of an investor
taking into account all the necessary construction costs, as
well as the relationships between buildings and the surface
area of land on which they are located. Average asking
prices at the turn of 2011/2012 were between 39 PLN/m2 in
Trzebinia (offer concerning a total of 140 000 m2 ) to 900
PLN/m2 in Krakowski County. Average sale price for the
entire area amounted to 289.6 PLN/m2 of land.
37
Average sale prices
Characteristics of this area were made in the analysis of the
greenfield property market.
Real estate prices offered for sale mainly depends on the
attractiveness of the location, the allowable development
intensity, and the anticipated costs of demolition. The
approximate cost of demolition of 1 m2 of floor space of
industrial buildings made of reinforced concrete slabs is on
the level of 100 PLN/m2. The total cost of demolition,
including the appropriate licenses runs between 10 and
20% of the property value. In some cases, there are
additional costs associated with land reclamation.
Ultimately, built-up real estate prices destined for demolition
that are located in former industrial areas are similar to that
of the undeveloped property prices.
Main locations
As opposed to greenfield land, supply of brownfield land is
conditioned by history and economic change occurring in
the region in recent years. The greatest resource of this type
of land is concentrated in urban areas, with a strong
industrial orientation. More than half of the industrial
potential of the Małopolska Region is concentrated within
20 km from the railway line from Górny Śląsk to Przemyśl.
North-Eastern Małopolska clearly is dominated by Wielicki,
Bocheński, Brzeski Counties and the town of Tarnów.
Tab. 20. Examples of sale offers for brownfield properties
Location
Area (m2)
Price (PLN)
Characteristics
4 865
4 900 000
Land built up with storage, production and administrative
buildings, fenced, forming a complete property. In the
possession of the Military Property Agency.
2 165
537
870 000
Real estate in perpetual usufruct developed with a warehouse
building that includes social-office facilities.
Szczurowa
1 500
201
-
Former animal hospital, located near Szczurowa Municipality
Administration Centre. Municipality property.
Chrostowa
14 300
539
850 000
Land built up with disused boiler room building in the
preservation protection zone. Partially in bad technical
condition.
Stradomka
33 000
-
1 500 000
Office building, 2 warehouses, social building, paved square.
Podłęże
5 000
1 000
800 000
Property consisting of land built up with hen house, three
undeveloped plots with residential and service purpose.
Kłaj
2 400
300
1 100 000
Bakery property with all the equipment and permits.
Dojazdów
1 500
150
475 000
Property developed with production and storage hall.
land
usable
Niepołomice
32 860
Bochnia
In the north-eastern part of the region, the offers include
several brownfield properties with various features. They
are located in municipalities, mainly in the vicinity of
Kraków and in Wielicki, Bocheński and Brzeski Counties.
Facilities larger than 2 000 m² are relatively scarce.
Most offers cover small buildings, not exceeding 1 000 m².
Prices of brownfield properties located in north-eastern
Małopolska are varied. The current offer includes listings
within the range between 500 000 and almost 4 900 000
PLN. A unit price of brownfield land was between 45 PLN/
m2 and 450 PLN/m2, and on average ca. 200 PLN/m2.
39
Characteristics of this area were made in the analysis of
the greenfield property market.
Main locations
Since the southern part of the Małopolska Region is not
geared towards the industrial sector, the offers of
brownfield land appear in urban areas – Nowy Sącz, Nowy
Targ and Gorlice. This is due to corporate restructuring and
economic changes. These are usually small buildings (not
exceeding 1 000 m2 of floor surface), and land area rarely
exceeds 1 ha. Nearly 80% of brownfield properties had an
area not exceeding 50 acres.
Tab. 21.
Location
Area (m2)
Price (PLN)
Characteristics
-
1 550 000
Industrial plot, 1 ha, partly paved, electricity (large power
allocation, own transformer) water, sewer, TIR access, flat,
fenced.
6 443
-
1 500 000
Fenced plot with gatehouse (administrative) at the entrance,
undeveloped.
Sucha Beskidzka
4 839
-
1 200 000
Plot partially developed, administration office building,
workshop, gatehouse, storage sheds. Fenced.
Nowy Sącz
4 600
-
1 400 000
Industrial property developed with two buildings, manoeuvre
area.
Nowy Sącz
2 500
250
750 000
Industrial plot with an area designated for a metal sheet hall.
Korzenna
900
-
450 000
Production - service building with residential part. The facility
includes three large halls, many smaller production and service
facilities, offices and social rooms.
Krynica
4 385
360
550 000
Sawmill (hall, social room).
510 000
Building with fruit purchase from the ramp, storage - service production. Brick.
land
usable
Nawojowa
10 000
Sucha Beskidzka
Tymbark
2 530
750
Simultaneously, brownfield lands are often located in small
towns where there is no longer industrial activity, through
which the function of the building could be preserved.
Average sale prices
Prices of brownfield properties were between 500 thousand
PLN and 1.5 million PLN. The unit price of brownfield land
was between 100 PLN/m2 and 500 PLN/m2, and on average
ca. 230 PLN/m2.
41
Other real estate offers
Investment real estate land
for tourism and recreation
The Małopolska Region, because of its location, natural
conditions, historical and cultural values, is an area attractive
for the development of tourism, sport and recreation. The
area’s most attractive to tourists due to their historical and
cultural values are located in the western and central part
of the Małopolska Region and comprise mainly of the
following towns: Kraków, Oświęcim, Wadowice, Wieliczka,
Bochnia. Due to the natural and environmental values mountainous land, landscape, climate and mineral water
resources - attractive areas in Małopolska are located in the
southern part of the region, including the following
counties: Gorlicki, Nowosądecki, Nowotarski, Suski and
Tatrzański.
In addition to typical tourist establishments with a welldeveloped hotel and B & B base, in the central and southern
parts of Małopolska there are also resort and spa
establishments:
within Kraków city limits – Swoszowice,
in Wielicki County – Salt Mine in Wieliczka
(underground spa),
in Nowosądecki County –Krynica Zdrój, Muszyna Zdrój,
Piwniczna Zdrój, Żegiestów Zdrój,
in Nowotarski County - Rabka Zdrój, Szczawnica,
in Gorlicki County - Wapienne, Wysowa Zdrój.
Investment land offered for sale in the southern part of the
Małopolska Region is often used in spatial planning for
tourism and recreational features and sports: hotels, guest
houses, spas, farm tourism and sports facilities. In the
north-west and north-eastern part of Małopolska there also
appear tourist real estate listings - located in touristic areas
and at the main routes of regional roads.
The main locations of investment offers geared towards
tourist-recreational and sports were recorded in the
southern part of Małopolska, in the following counties:
Suski, Tatrzański, Nowotarski, Nowosądecki and Gorlicki.
Single offers appeared in the northern part of Małopolska
in: Bocheński, Krakowski, Myślenicki, Tarnowski and
Oświęcimski Counties. Most private offers involved land
located in Czorsztyn, Jordanów, Kościelisko, Muszyna,
Poronin and Zakopane.
43
Municipality
County
Area (m²)
Price (PLN)
Price (PLN/m²)
Designation
Wysowa Zdrój
Gorlicki
11 500
800 000
70
Tourism, B&B, spa
Myślenice
Myślenicki
1 650
260 000
158
Tourism, services
Myślenice
Myślenicki
2 400
768 000
320
Tourism
Krynica Zdrój
Nowosądecki
23 900
11 950 000
500
Residential, hotel, tourism
Muszyna
Nowosądecki
17 300
690 000
40
Tourism, B&B
Muszyna
Nowosądecki
150 000
6 000 000
40
Sports and recreation (ski lift)
Piwniczna Zdrój
Nowosądecki
4 250
420 000
99
Residential, hotel, tourism
Czorsztyn
Nowotarski
2 015
276 000
137
Tourism and catering
Czorsztyn
Nowotarski
15 400
3 000 000
195
Tourism and recreation
Oświęcim - Brzezinka - center
Oświęcimski
12 400
6 000 000
484
Tourism, office space
Zakopane
Tatrzański
2 100
1 000 000
476
Tourism, hotel
Zakopane
Tatrzański
1 922
950 000
494
Tourism, B&B
Zakopane
Tatrzański
4 180
1 510 000
361
Residential, tourism, services
Zakopane
Tatrzański
11 600
1 250 000
108
Sports and recreation (ski lift)
Zakopane
Tatrzański
4 100
2 400 000
585
Residential, tourism
Kościelisko
Tatrzański
5 500
4 400 000
800
Tourism, B&B
Kościelisko
Tatrzański
3 459
1 490 000
431
Residential, tourism and B&B, trade and
services
Kościelisko
Tatrzański
4 700
5 500 000
1 170
Tourism, hotel
Poronin
Tatrzański
4 573
4 500 000
984
Tourism
Poronin
Tatrzański
2 799
1 400 000
500
Residential, tourism
Poronin
Tatrzański
1 830
650 000
355
Construction - B&Bs, residential
In addition to private listings, municipalities within
investment areas also offer land for tourism and recreational
activities and sports. These are often attractive offers for
a considerable surface area.
Tab. 23. Examples of investment offers of municipalities
Municipality
County
Area (m²)
Ownership
Land designation
Pcim
Myślenicki
11 200
Pcim Municipality
Support of tourism - possibility of realization of cubic capacity buildings, related to the
operation of tourism such as: motel, inn, guest house, hotel, and youth hostel with
the possibility of implementing catering services and sports facilities.
Tarnów
Tarnowski
1 000 000
Town of Tarnów
Municipality
Residential areas for investment, recreation, entertainment.
23 000
Sucha Beskidzka
Municipality
5 000
Sucha Beskidzka
Municipality, natural
persons
55 000
Sucha Beskidzka
Municipality, natural
persons
50 000
Sucha Beskidzka
Municipality
40 000
private
Sucha Beskidzka
Suski
Areas of tourism and recreation with the primary purpose for commercial accommodationcatering base, recreational facilities and furnished green areas.
Areas of recreation and winter sports with the primary purpose for ski slopes, snowboard
and sled runs with equipment (chair lift, ski lifts), and service facilities in areas of lower
stations (dining, sanitation and maintenance, parking lots).
The areas of tourism and recreation with the primary purpose for commercial
accommodation-catering base, recreational facilities and furnished green areas.
Real estate investment land
for residential purposes
Average prices of investment areas with tourism and
recreational functions and sports and recreation vary widely
depending on attractiveness of locations. In the northern
part of Małopolska the average offer price was
approximately 270 PLN/m2. In turn, in the southern part of
Małopolska asking prices range is very wide from a few PLN
to over a thousand PLN per m2. The most expensive
locations are in tatrzański county - in municipalities
Kościelisko, Poronin and Zakopane, where the asking prices
range between 350 PLN/m2 and 1200 PLN/m2. Definitely
cheaper offers are in the counties: suski, nowosądecki and
gorlicki, where land prices amount to several tens of PLN
per m2.
Real estate investment land for
residential purposes
The nature and investment opportunities on the land for
residential construction depend mainly on the provisions in
the zoning plan. The offers to sell investment land
distinguish both multi-family housing, single-family (in
detached, terraced, semi-detached development) and
residential service plots.
Fig. 9. Average asking prices of investment land for housing
development in north-western Małopolska
In the north-eastern part of Małopolska the average offer
price was approximately 140 PLN/m2. Offer prices of the
area are between 20 PLN/m2 up to 800 PLN/m2 (Wielicki
County). The lowest prices were recorded in Bocheński
County (from 20 PLN/m2 to 60 PLN/m2), and the highest in
Wielicki (ca. 215 PLN/m2) and in Tarnów (ca. 210 PLN/m2).
development in north-eastern Małopolska
In Małopolska most offers are in large cities (Tarnów, Nowy
Sącz, county towns), but mainly in the suburban area of
Kraków (Krakowski, Wielicki Counties). Municipalities which
offered the most land (2011/2012) are: Skawina, Mogilany,
Zielonki, Myślenice, Kalwaria Zebrzydowska, Wieliczka,
Miechów, Proszowice, Tarnów, Zakopane, Nowy Sącz,
Krynica Zdrój and Kościelisko. The least dynamic residential
land market is in the following counties: Brzeski, Dąbrowski,
Oświęcimski, Gorlicki and Suski.
In the north-western part of Małopolska the average offer
price was approximately 155 PLN/m2. Offer prices of the
area are between 25 PLN/m2 up to 1 000 PLN/m2 (Krakowski
County). The lowest prices were recorded in Oświęcimski
County (from 30 PLN/m2 to 70 PLN/m2), and the highest in
Krakowski (ca. 180 zł/m2), Wadowicki (ca. 140 zł/m2) and
Chrzanowski Counties (ca. 120 PLN/m2).
There is a significant difference between the average prices
of land depending on the manner of development of the
site. Average price of land for multifamily buildings is
approximately 170 PLN/m2, while the land intended for
residential detached construction (freestanding buildings,
terraced, semi-detached) - about 110 PLN/m2.
In the southern part of Małopolska the average offer
price was approximately 420 PLN/m2 with a median
ca. 170 PLN/m2. The large discrepancy between the given
values is dictated by the presence of offers located in
Tatrzański County (mainly Zakopane), with very high prices
45
reaching up to about 5 600 PLN/m2. Asking prices of the
southern part of Małopolska range from 25 PLN/m2 to
several thousand per square meter (Tatrzański County). The
lowest prices were recorded in Limanowski County (from 35
PLN/m2 to 70 PLN/m2), and the highest in Tatrzański (median
ca. 500 PLN/m2), Nowosądecki (average ca. 210 PLN/m2),
and in Nowy Sącz (average ca. 140 PLN/m2).
development in southern Małopolska
Procedure
for obtaining
a construction
permit
A building permit is an administrative decision, allowing the
investor to initiate and conduct the building or construction
work other than construction of a building. A building
permit is issued at the request of the investor.
Obtaining a building permit requires implementation of
individual stages of the procedure, such as: obtaining
zoning decision, if the investment is to be executed in an
area not covered by the local zoning plan, the development
of construction design, and eventually obtaining a final
decision on the construction permit. Each of these steps
creates a separate procedure, governed by separate
legislation, and implemented with the participation of
various participants and institutions.
Firstly, one must choose location for the planned investment
(Stage 1). Then, one must check whether the plot is covered
by the local zoning plan (Stage 2). One should also specify
whether the planned investment may significantly impact
the environment (Stage 3). This may qualify the project for
the necessity to prepare the environmental impact report
prior to initiation of the next stages. Then one must check
whether the plot belongs to the area covered by the existing
local zoning plan. Determination of land use, location of
a public investment and the definition of methods of land
development take place in the local zoning plan (Stage 4).
At this stage it will be necessary to obtain the excerpt and
outline from local zoning plan.
In the absence of a local zoning plan, determination of
methods of land use and zoning of land takes place by way
of a decision on development conditions (Stage 4).
After obtaining the documents proving the convergence of
the investment with development conditions and
documenting the right to use the property for construction
purposes (Stage 5), one should apply for a building permit
(Stage 6).
47
Diagram of the investment process up to the stage of obtaining a building permit
Selection of investment location
Stage 1.
NO
Stage 2. Land designation
is there a local zoning plan
YES
NO
Stage 3. Does the investment impact
the environment signiﬁcantly?
Stage 4.
obtaining the excerpt and outline
from local zoning plan.
environmental
decision
obtaining a decision on
development conditions
obtaining the right
to use the property
Stage 5.
Stage 6.
YES
obtaining a building permit
Fig. 12. Diagram of the investment process up to the stage of obtaining a building permit
Description of the procedure
for obtaining a building permit
Investor stage - preparation and submission of the
application
The application with attachments must be submitted in the
reception office of the body authorized to make a decision
on the construction permit. In Kraków, the proper place is
the Department of Architecture and Urban Planning, Rynek
Podgórski 1, 30-533 Kraków.
Documents required at this stage:
a statement of the right to use the property
for construction purposes,
extract from land cadastral map showing the location
of land plots covered by the investment process and
the adjacent land,
extract from land register for land plots covered
by the investment process,
decision on development conditions, if the plot is not
covered by provisions of the local zoning plan,
• Application for a decision on building permit
• Attachments:
construction design (4 copies) together with the
opinions, consents, licenses and other documents,
statement of the author and person verifying the design
on its execution in accordance with the applicable rules
and principles of technical knowledge,
documents providing evidence that the designers have
proper permissions required by law, that is a decision
confirming respective powers and a certificate of
registration to the appropriate chamber of the
professional government (as of the date of drafting),
extract and map extract from the local zoning plan, if
the plot is located within the existing local zoning plan,
proof of payment of stamp duty,
the application must include the decision on
environmental conditions, if its issue is required under
the provisions of the Act of 3 October 2008 on the
provision of information on the environment and its
protection, public participation in environmental
protection and environmental impact assessment
(Art. 72 excerpt 3 of the Act).
49
Fig. 13. Procedure for obtaining a building permit for a building facility
Promoting the modern
Małopolska
The Małopolska Regional Development Agency, Małopolska
Region and the Kraków Technological Park – the three
largest institutions in the region responsible for its economic
brand undertook the unprecedented (in Poland) initiative of
forming the Business in Małopolska Centre – an idea that
brings together all of the elements vital for effective
economic promotion.
information on public aid for investors, investment
zones, EU funds and grants,
advising in the areas of employee recruitment, contact
with institutions of higher education, legal and
administrative procedures,
promotion of investment undertakings.
At the Business in Małopolska Centre we promote a modern
region. We want the traditional symbols to be associated
with the tourism aspect of Małopolska, but for the economy
to be associated with knowledge and modernity. We are
constructing a positive climate for business, and conducting
an integrated investor servicing system (one – stop – shop)
that contains the region’s largest database of investment
lands along with a database of local export firms and
foreign partners.
We encourage investors interested in conducting business
in our region to cooperate with us, and we offer the
following:
preparation of specialist reports concerning the local
economy,
We also promote the offers of Małopolska companies in
foreign markets. The Business in Małopolska Centre
supports the growth of entrepreneurship in the region; we
know how to effectively create the image of
Polish companies abroad; we can promote Małopolska’s
businesses; we have the knowledge and experience
to assist Małopolska entrepreneurs in succeeding
on foreign markets.
The activity of the Business in Małopolska Centre and the
measurable successes that bring visible effects are primarily
the result of the work of professionals who are constantly
raising their qualifications, learning and adapting to
investors’ increasing demands.
www.businessinmalopolska.com
access to a database of investment real estate listings
in Małopolska,
assistance in contacts with local authorities,
information on the region investment offer,
51
Project co-financed by the European Union under the Małopolska Regional Operational Programme 2007 – 2013

The real estate market in Kraków and Małopolska

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