Poland will likely face further real estate price increases over the next few years because the UEFA 2012 soccer tournament - partly hosted by Poland - and the London Olympic games held the same year will compete for skilled workers and drive up material costs, Polish credit agency and financial advisory platform emFinanse analysts wrote in a report.

"The accumulation of two sports events [2012 UEFA tournament in Poland and Ukraine and 2012 Olympics in Great Britain] are likely to cause detrimental changes for our housing market," Tomasz Szmidt of emFinanse wrote. "The lack of skilled workforce and the increase of building materials' prices are basic factors that may influence further raise of living space's square meter prices."

Poland and the Ukraine won their bid to host the 2012 UEFA tournament on April 18. The two host nations will now need to launch massive construction efforts, building sports facilities, roads, railways, airports and border crossings.

Around 150,000 Polish construction workers have already moved to Great Britain, according to report.

Marta Kosinska, an analyst at real estate agency szybko.pl shares the view and says the investments in infrastructure development in Poland will hamper housing sector.

"Investments in other real estate [such as Euro 2012] will probably hamper the construction of new flats," kosinska told Interfax end May.

Currently around 120,000-130,000 flats are constructed in Poland each year, while the market could absorb around 1.5 mln of new flats, according to Kosinska.

Poland intends to build some 900 km of highways at a total cost of EUR 6.5 bln, modernize main railway lines for some EUR 4.5 bln and modernize eight airports. Three new stadia will also be built and others should be expanded.

In 2012 the country could attract 21.4 mln tourists, from 15.7 mln in 2006, which would translate into USD 12.5 bln in revenues, from USD 7.2 bln in 2006. Furthermore, some 100,000 new jobs are expected to be created.