POLAND Trends and Developments Contributed by: Agnieszka Stankiewicz, Rafał Siwek, Filip Janeczko and Samanta Wenda-Uszyńska, Greenberg Traurig, LLP
both investor interest and public policy priorities. At the same time, international trends – particularly those already seen in the United States and mature Western European markets – offer valuable insights into how the sector is likely to evolve domestically. Healthcare spending and demographic pressures As reported by Statistics Poland (GUS), healthcare expenditure in Poland reached PLN293.6 billion in 2024, representing 8.1% of GDP. These record levels reflect both rising public spending and strong private demand, which continues to grow in response to long waiting lists and limited hospital capacity. Poland is also aging at one of the fastest rates in Europe. Currently, one in five Poles is aged 65 or over, and this share is expected to reach nearly 30% within 20 years. By comparison, seniors already accounted for 22% of the EU population in 2025 (21.6% in 2024). These demographic shifts are creating long-term demand for new diagnostic centres, rehabilitation units, outpatient clinics, and age-appropriate hous - ing, including assisted living facilities. Poland’s healthcare and senior living market: early stage but high growth Despite strong demand fundamentals, Poland’s senior living and healthcare real estate markets remain struc - turally undersupplied. According to publicly available data, the availability of private long-term care beds for the 80+ popula - tion remains below 2%, well below coverage levels in Western Europe. Although operators in Poland are beginning to develop commercial senior living formats (independent living, assisted living, nursing homes, etc), overall capacity remains limited. Private capital is increasingly flowing into Poland’s healthcare sector, with the number of acquisitions of medical platforms by private equity funds tripling over the past decade. This reflects growing investor confi - dence in outpatient care, diagnostics, and long-term services due to increased government spending, high margins, long-term contracts securing sustainable income, and the generally higher incomes of patients
who expect faster, better and more customer-friendly medical services. Investment trends and future outlook Poland and the CEE region appear poised for acceler - ated transformation, driven by a shift towards outpa - tient care that mirrors Western Europe’s decentrali - sation of healthcare delivery. Medical platforms and service providers that continue to grow their customer base are driving demand for real estate investment, including both new-build facilities and the conversion of obsolete offices, hotels and other assets. Such investments range from straightforward development and letting of medical outpatient building facilities to outpatient care providers to more complex part - nerships with medical service platforms in assisted living assets where the viability and sustainability of the operator’s business as well as the stability of their operating licences are key factors. Poland stands at a strategic turning point. With healthcare spending rising, the elderly population expanding, and supply lagging far behind demand, the country offers exceptional long-term potential for healthcare and senior living investment. Supported by global benchmarks and growing institutional interest, early movers in Poland are well positioned to shape a new, resilient real estate asset class for the coming decades. Renewable Sources and Energy Storage Energy transition is increasingly being viewed not only as an element of climate policy, but also as a key fac - tor in energy security. The development of renewable energy sources reduces dependence on fossil fuel imports and strengthens the system’s resilience to geopolitical shocks. Wind farms and PV installations – challenges At the end of 2025, renewable energy sources accounted for more than 50% of installed capacity in Poland, driven primarily by rapid growth in pho - tovoltaics and wind power, particularly small-scale PV installations. Despite high capacity, renewables generated “just” over 30% of electricity in 2025 due to intermittency. The instability of production that is dependent on weather conditions, in particular for wind farms, was demonstrated in winter 2025/2026 in
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