Entitled “Emerging Trends in Real Estate Europe 2025,” the report’s list of the 30 most attractive European cities for investment saw Warsaw move up two places on last year’s survey to retain the leading position in the Central and Eastern European (CEE) region.

Published on Tuesday, the report by the global nonprofit research and education organization Urban Land Institute (ULI) and the PwC accounting firm found that Poland's developing economic perspectives outweigh the fears connected to the war in Ukraine.

Maciej Juszczyk, the president of the Urban Land Institute’s branch in Poland, said: “For years, Warsaw has been consistently building its position as a leader in the real estate market in the region.

“In the face of strong competition and challenges posed by ESG (social responsibility, corporate governance and environmental protection), Warsaw is ready to meet the challenges of the modern real estate market.

"Our city is not only one of the leaders in the region, but it offers investment stability and also is open to innovations and solutions; that will be the future of the market.”

London and Paris are among the most attractive cities in Europe, taking first and third place, respectively.

Both cities are responsible for over 11% of all European real estate transactions.

The Emerging Trends in Real Estate Europe report is an annual publication offering prognosis and describing upcoming trends in the real estate market.