Turning with the wheels

There are more and more ads on billboards. Gazeta Wyborcza's jobs supplement gets thicker and thicker with employment offers. Ever more news about new projects and new leases of existing ones. These are signs that the wheels of the Polish economy are turning faster and faster. Although optimistic, many wonder if it will reach the same speed as it did in the 90's when in Poland we had a kind of El Dorado. At that time the property market saw developers signing USD 40 per sqm deals for buildings that existed only on the drawing board. Agents had exclusive representation contracts for buildings, general contractors were working flat-out on construction sites, and architects' telephones rang every five minutes. Will it be the same again? I am sure no one would mind, but I am afraid we are living in different circumstances. The market is more mature and so are the property players. Most of the companies interested in Poland have already established their offices here. So of course any new entrant is certainly welcome. One of these is Dutch developer AM Development. While talking to Eurobuild its representative was very proud that his company develops original and better quality buildings. Journalists are skeptical, it's in our nature to have doubts, so we suggest that you form your own opinion. The article "Are you ready for us?" on p. 12 should help. Along with AM Development we introduce other debutantes to the Polish real estate market. More about the Austrian firm Credo Real Estate will be found in the article "A ladybird in your backyard" on p. 18. And on p. 24 we introduce new funds that will be targeting property in Central and Eastern Europe, as well as in Poland.