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HIGH STREETS IN WARSAW | DISCOVER THE POTENTIAL OF HIGH STREETS IN WARSAW

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© 2024 CBRE

The percentage increase in wealth per adult in Poland in the years 2000-2022 ranked 5th among

Despite the difficult economic situation and inflation, the average personal disposable income of a Polish household in real prices has been increasing since 2021 and in 2022 it exceeded the pre-pandemic level (2019) by 0.6%. It is forecast that the upward trend will be maintained, which means that Poles’ wallets will

the 8 countries analyzed. In the years 2017-2022, the average wealth of Poles increased by 24.4%.

gradually expand. Additionally, according to GFK data, the purchasing power of Warsaw residents increased by as much as 37% between 2019 and 2023, which encourages investment and the opening new stores and restaurants in the Polish capital.

Chart 6: Percentage increase in wealth per adult in Poland and other CEE* countries in 2000-2022

500%

1200%

400%

1000%

Chart 8: Average personal disposable household income in real prices in 2016-2027

300%

800%

120 000

200%

600%

100 000

Growth in 2000-2022

100%

400%

Growth in five-year intervals

80 000

PLN

0%

200%

60 000

-100%

0%

40 000

20 000

0

2002-2007

2007-2012

2012-2017

2017-2022

2000-2022

2016 2017 2018 2019 2020 2021

2022 2023 2024F 2025F 2026F 2027F

Source: „Global Wealth Databook 2023”, Credit Suisse * (Central and Eastern Europe)

F - Forecast

Source: Oxford Economics, April 2024

The number of Polish residents with assets of at least USD 1 million calculated in liquid financial resources (so-called HNWI, High-Net-Worth Individuals) in 2022 was estimated at approximately 90,500, which was a percentage of approximately 0. 3% of Polish adults. The share of HNWI in Poland is significantly lower

than in Europe overall, where it amounted to 2.8% in 2022, but is similar to the rate of Central and Eastern European countries. Poland has the same proportion of HNWIs as Romania and Hungary, higher than Slovakia, although lower than the Czech Republic.

Table 1: Increase in purchasing power between 2019 and 2023

PURCHASING POWER PER CAPITA IN 2023 (EUR)

REGION

CHANGE 2019/2023

POLAND

10,903

43.7%

Chart 7: Wealth structure in Poland, 2022

CITY OF WARSAW

17,980

36.7%

EASTERN WARSAW

10,820

38.7%

0,3%

11,2%

23,0%

WARSAW WEST

12,912

35.7%

Source: GFK, 2023

“2024 European Investor Intentions Survey” . The inclusion of Warsaw in the top 10 markets in this study proves its economic attractiveness and investment potential. The city’s thriving business environment contributes to the number of dynamic and vibrant high streets.

Warsaw does not focus solely on meeting the needs of residents in the context of the offer of high streets. As an important business centrer in Europe, it attracts diverse consumers from different countries, including many people from Ukraine. This cosmopolitan city has gained the status of one of the best places for investors in 2024, which was confirmed by CBRE’s

below 10.000 USD

10.000-100.000 USD 100.000-1 mln USD

65,5%

above 1 mln USD (HNWI)

Source: „Global Wealth Databook 2023”, Credit Suisse