The downside of the investment instruments available on the Polish real estate market is that they are saddled with low rates of return and low levels of liquidity plus the risks associated with investing in shares. REITs could be the remedyThe dynamic development of the Polish real estate market is no secret – as can be seen merely by glancing at data from the Central Statistical Office (GUS). Their 2005 figures showed year-on-year increases of 40 pct in the average price per square meter for residential property and about 30 pct for the industrial-commercial and office property. This growth was maintained at similar levels in 2006 and it is not unreasonable to hope that it will continue. This is reflected in the upward trend in transaction value. Last year’s biggest transactions on the office real estate market hit USD 300 mln. The property market boom is the natural knock-on effect of a tiger economy and the appearance of new instruments and mechanisms on the market. Much do