Besieged again?

Regional markets
Częstochowa, one of Poland’s better known cities, is finally shaking off its apathy. Retail investments are progressing while the housing market is also looking up. But what is the true potential of a city famous for its monastery?
More than 4 mln pilgrims visit Częstochowa every year. Crowds of tourists also flock to Jasna Góra, although local citizens complain that very little is happening on the real estate market as well as about a clear lack of capital. But investors are feeling that bit more optimistic, so new projects are surely in the offing. Modern retail on its wayRetail developers are united in praise of Częstochowa. Piotr Kaszyński, a partner at Cushman & Wakefield, believes that: “Częstochowa is certainly a very attractive city, if only due to the size of its population – around 250,000 – and the relatively high per capita annual income of EUR 4,061.” Currently, retail space in the city stands at around 110,000 sqm. Katarzyna Michnikowska of the same agency adds: “Three shopping centres have now opened in the city: M1, Tesco and Auchan – all in the suburbs. The principal shopping high street is al. Najświętszej Maryi Panny, where you can find a CinemaCit
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