Optimism returns

Lower interest rates in the eurozone and the easing of monetary policy in Poland are expected to revive investment in the real estate market. A noticeable increase in the value of investment transactions in the sector is forecast for later this year. The European Central Bank’s consistent interest rate cuts, along with the beginning of rate reductions in Poland and across the CEE region, are creating a positive environment for the development of new investments and transactions in the commercial real estate sector. Lower financing costs are improving project profitability and raising valuations, boosting the competitiveness of real estate as an investment asset class. The market anticipates a marked increase in transaction volumes across Europe in the second half of the year, along with heightened investor activity in Poland as monetary policy continues to loosen. Following a series of rate cuts by the European Central Bank, the eurozone’s refinancing rate has dropped to