Investing in stability

The yield compression of recent years now seems to have come to an end, signalling that the country is no longer the perfect hunting ground for the more opportunistic kind of investorThe maturing Polish real estate market currently has yields and prices close to western European levels, and therefore poses less of an investment risk than in previous years, with lower returns to be expected. So what now for the original adventurous crowd of investors and developers, and who is coming to take their place as the main movers in Polish property?Michael Atwell, a partner of the Cushman & Wakefield agency in Warsaw, believes that: “The early opportunistic investors looking for the higher returns that can be made from taking greater risks are now moving out of Poland and going to places such as the Ukraine, Bulgaria and Romania.”  Higher in the EastDamian Stężycki, associate director of the central Europe capital markets department of Jones Lang LaSalle, explains why this is