Kraków

The healthy state of the economy in Krakow is reflected in the state of the real estate market. Krakow is the largest regional office space market. Krakow office stock is expected to exceed 1 million m2 of modern space in 2017. It also has the greatest number of categorized hotels in the country (151). Housing construction is rapidly growing – in 2016, as in previous years, Krakow held the top position among Polish cities in terms of the number of dwellings commissioned for use. With the total retail stock amounting to approximately 570,000 m2, Krakow is the sixth largest market in Poland and this volume has increased in 2017 on completion of the Serenada shopping centre.
City Kraków
General information about the city in relation to the real estate market The healthy state of the economy in Krakow is reflected in the state of the real estate market. Krakow is the largest regional office space market. Krakow office stock is expected to exceed 1 million m2 of modern space in 2017. It also has the greatest number of categorized hotels in the country (151). Housing construction is rapidly growing – in 2016, as in previous years, Krakow held the top position among Polish cities in terms of the number of dwellings commissioned for use. With the total retail stock amounting to approximately 570,000 m2, Krakow is the sixth largest market in Poland and this volume has increased in 2017 on completion of the Serenada shopping centre.
Financial investment budgeted in public projects in 2017 in PLN As the end of September 2017 total investment expenditure (excluding investments by municipal companies) amounted to 850 143 878 PLN .
The most important projects completed between October 2016 and September 2017 Modernization of the tramway track at the Kocmyrzów roundabout. Parking P & R Kurdwanów. Bike paths in Cracow. Children's playgrounds - Dragon squares. Restoration of the former garrison shooting-gallery. Construction and modernization of school grounds. Kindergarten, at ul. Babinski. Expansion of ul. Wrobel. Pavilion for exotic cats in Krakow zoo.
Major projects planned for 2018 Construction of the Łagiewnicka Route along the tram line. Expansion of ul. Kocmyrzowska. Expansion of Al. 29 Listopada. Expansion of ul. Krzyżańskiego. Construction of tram line os. Krowodrza Górka-Górka Narodowa. Modernization of trackways (eg. Krakowska Street, Królewska Street). Construction of the railway stop SKA "Kraków Prądnik Czerwony" together with the construction of the Park & Ride car park. Construction of bicycle paths in the city. Construction of a pedestrian-bicycle bridge Kazimierz-Ludwinów. Reconstruction of ul. Glinik. Construction of communal flats, at ul. Wańkowicza. Investments related to green parks, squares, etc. Construction of the school and kindergarden complex on os. Gotyk. Construction of the Sport and Recreation Center in Kozłówka. Construction of the Wrestling Center in Bieżanów. Construction of the Ruczaj Cultural Center.
Major current projects Construction of the 100-lecia KS Cracovia Hall. Expansion of ul. Igołomska. Expansion of ul. Myślenicka. Modernization of the tramway track ul. Basztowa. Construction of the P & R car park of the runners. Construction of a nursery in Mały Plaszów. Construction of the Pavilion of the House of the Senior Artist. Construction of a multi-family residential complex at ul. J.K. Przyzby and ul. Zalesie. Modernization of KS Wanda Sports Stadium.
Financial resources (in PLN) for investment in each of the last five years 2011 - 482 037 PLN. 2012 - 440 320 PLN. 2013 - 401 242 PLN. 2014 - 669 698 PLN. 2015 - 578 706 PLN. 2016 - 537 100 PLN
The proportion of the city’s budget invested in projects for buildings in relation to other expenditure (in pct and PLN) As the beginning of January 2017 the proportion of the city’s budget invested in projects for buildings in relation to other expenditure amounted to 12,5 %. (608 109 496 PLN / 4 874 507 031 PLN)
How many projects does the city carry out using EU funds, and what is their value? 56 projects with a total value of 883 275 548 PLN.
How open is the city to outside investors? Does it offer special incentives and investment development programmes? What are they? There is Investor Support Centre operating within Kraków Municipality. The Centre is dedicated to supporting and informing investors, monitoring the investment process of the supported investors, preparation of meetings and site visits. The Centre in order to attract investors and to promote City investment offer takes part every year in international property trade fairs. There is a Special Economic Zone operating in Kraków. The Zone welcomes investors to make use of greenfield areas as well as office space for rent. Public aid from the title of investing within the special economic zone assumes the form of income tax relief. The city is constantly developing its conference base, which allows organisation of all types of business meetings, congresses and conferences. Kraków is a perfect platform for fostering effective cooperation between science, business and local government. As an example we can mention here clusters network operating in our city.
Which factors make the city attractive to invest in? What is the potential of the city? (location, infrastructure, proximity to expressways connecting, human capital) • Huge potential of well educated people - Krakow is an academic center (23 universities,171 535 students)
• Convenient geographical location - at the crossroads of important road and rail routes in Europe, Krakow Airport is a second largest International Airport in Poland offering connections to 88 airports
• Krakow Special Economic Zone - income tax relief (public aid) and attractive investment areas
• Very high stock and access to modern office space
• The numerous scientific & research institutions creating great resources for the industry, offer opportunities for cooperation and technology transfer for business sector
• Start-up Ecosystem: incubators, accelerators, Lifescience Park, Startup Week, Playpark
• Cooperation between business and universities
• A large market for products and services
• An attractive place to work and live (great cultural offer)
Which major real estate investors have decided to invest in the city in 2017? Who are the potential investors in the city? Skanska, Buma, Echo Investment S.A. ,Mayland, Eko Park, GD&K Group, UBM Polska, Avestus Real Estate Sp. z o. o, Decon Investment Sp. z o.o., IMS Budownictwo, Midvest, Piarists, GP-Investments Sp. Z o.o., Motaengil, Henniger Investment, HSD inwestycje
How good is the zoning plan coverage? 49,8%
What is the waiting time for building permits? less than 65 days
Why does the city deserve the award? (please stress the most important factors that make the city friendly to investors) Demographic and scientific potential, avalibility of well-educated talent pool, attractive geographical location, special economic zone and other attractive investment areas, rich real estate offer together with well developed services sector are just a few arguments for choosing Kraków as the investment location. Kraków offers as well a versatile forms of spending free time which makes our City a good place to live and work. City of Kraków is a partner of many modern projects such as clusters.
City
Kraków
General information about the city in relation to the real estate market
The healthy state of the economy in Krakow is reflected in the state of the real estate market. Krakow is the largest regional office space market. Krakow office stock is expected to exceed 1 million m2 of modern space in 2017. It also has the greatest number of categorized hotels in the country (151). Housing construction is rapidly growing – in 2016, as in previous years, Krakow held the top position among Polish cities in terms of the number of dwellings commissioned for use. With the total retail stock amounting to approximately 570,000 m2, Krakow is the sixth largest market in Poland and this volume has increased in 2017 on completion of the Serenada shopping centre.
Financial investment budgeted in public projects in 2017 in PLN
As the end of September 2017 total investment expenditure (excluding investments by municipal companies) amounted to 850 143 878 PLN .
The most important projects completed between October 2016 and September 2017
Modernization of the tramway track at the Kocmyrzów roundabout. Parking P & R Kurdwanów. Bike paths in Cracow. Children's playgrounds - Dragon squares. Restoration of the former garrison shooting-gallery. Construction and modernization of school grounds. Kindergarten, at ul. Babinski. Expansion of ul. Wrobel. Pavilion for exotic cats in Krakow zoo.
Major projects planned for 2018
Construction of the Łagiewnicka Route along the tram line. Expansion of ul. Kocmyrzowska. Expansion of Al. 29 Listopada. Expansion of ul. Krzyżańskiego. Construction of tram line os. Krowodrza Górka-Górka Narodowa. Modernization of trackways (eg. Krakowska Street, Królewska Street). Construction of the railway stop SKA "Kraków Prądnik Czerwony" together with the construction of the Park & Ride car park. Construction of bicycle paths in the city. Construction of a pedestrian-bicycle bridge Kazimierz-Ludwinów. Reconstruction of ul. Glinik. Construction of communal flats, at ul. Wańkowicza. Investments related to green parks, squares, etc. Construction of the school and kindergarden complex on os. Gotyk. Construction of the Sport and Recreation Center in Kozłówka. Construction of the Wrestling Center in Bieżanów. Construction of the Ruczaj Cultural Center.
Major current projects
Construction of the 100-lecia KS Cracovia Hall. Expansion of ul. Igołomska. Expansion of ul. Myślenicka. Modernization of the tramway track ul. Basztowa. Construction of the P & R car park of the runners. Construction of a nursery in Mały Plaszów. Construction of the Pavilion of the House of the Senior Artist. Construction of a multi-family residential complex at ul. J.K. Przyzby and ul. Zalesie. Modernization of KS Wanda Sports Stadium.
Financial resources (in PLN) for investment in each of the last five years
2011 - 482 037 PLN. 2012 - 440 320 PLN. 2013 - 401 242 PLN. 2014 - 669 698 PLN. 2015 - 578 706 PLN. 2016 - 537 100 PLN
The proportion of the city’s budget invested in projects for buildings in relation to other expenditure (in pct and PLN)
As the beginning of January 2017 the proportion of the city’s budget invested in projects for buildings in relation to other expenditure amounted to 12,5 %. (608 109 496 PLN / 4 874 507 031 PLN)
How many projects does the city carry out using EU funds, and what is their value?
56 projects with a total value of 883 275 548 PLN.
How open is the city to outside investors? Does it offer special incentives and investment development programmes? What are they?
There is Investor Support Centre operating within Kraków Municipality. The Centre is dedicated to supporting and informing investors, monitoring the investment process of the supported investors, preparation of meetings and site visits. The Centre in order to attract investors and to promote City investment offer takes part every year in international property trade fairs. There is a Special Economic Zone operating in Kraków. The Zone welcomes investors to make use of greenfield areas as well as office space for rent. Public aid from the title of investing within the special economic zone assumes the form of income tax relief. The city is constantly developing its conference base, which allows organisation of all types of business meetings, congresses and conferences. Kraków is a perfect platform for fostering effective cooperation between science, business and local government. As an example we can mention here clusters network operating in our city.
Which factors make the city attractive to invest in? What is the potential of the city? (location, infrastructure, proximity to expressways connecting, human capital)
• Huge potential of well educated people - Krakow is an academic center (23 universities,171 535 students)
• Convenient geographical location - at the crossroads of important road and rail routes in Europe, Krakow Airport is a second largest International Airport in Poland offering connections to 88 airports
• Krakow Special Economic Zone - income tax relief (public aid) and attractive investment areas
• Very high stock and access to modern office space
• The numerous scientific & research institutions creating great resources for the industry, offer opportunities for cooperation and technology transfer for business sector
• Start-up Ecosystem: incubators, accelerators, Lifescience Park, Startup Week, Playpark
• Cooperation between business and universities
• A large market for products and services
• An attractive place to work and live (great cultural offer)
Which major real estate investors have decided to invest in the city in 2017? Who are the potential investors in the city?
Skanska, Buma, Echo Investment S.A. ,Mayland, Eko Park, GD&K Group, UBM Polska, Avestus Real Estate Sp. z o. o, Decon Investment Sp. z o.o., IMS Budownictwo, Midvest, Piarists, GP-Investments Sp. Z o.o., Motaengil, Henniger Investment, HSD inwestycje
How good is the zoning plan coverage?
49,8%
What is the waiting time for building permits?
less than 65 days
Why does the city deserve the award? (please stress the most important factors that make the city friendly to investors)
Demographic and scientific potential, avalibility of well-educated talent pool, attractive geographical location, special economic zone and other attractive investment areas, rich real estate offer together with well developed services sector are just a few arguments for choosing Kraków as the investment location. Kraków offers as well a versatile forms of spending free time which makes our City a good place to live and work. City of Kraków is a partner of many modern projects such as clusters.

Main Sponsor