Property investment dropped by 40% in Poland last year to EUR3bn, according to a new research report released by King Sturge on Friday. Activity was lower due to the credit crunch, with banks more hesitant to provide financing than that in previous years and requiring reduced loan-to-values and higher margins, the property adviser said. The retail segment accounted for 53% of the activity. The office sector contributed 34% while industrial accounted for only 10% of transactions.
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