A very, merry crisis...
EditorialMerry crisis and a happy new fear - encouraging words, and perfect for the last issue of the magazine this year. The new year is approaching, raising hopes for a better future, as well as fears that it might be worse.
The above-mentioned slogan - which was cited by well-known Polish economist Krzysztof Rybiński during a conference on the future of the residential market organised by RedNet - had originally been spotted on the wall of a building somewhere in crisis-stricken Greece. Is the prevailing mood on the region's real estate market any better than that of the credit-crunched Hellenes? Judging from my latest meetings, it is not. This might be a result of the nights drawing in, as this tends to make people more gloomy than the first rays of spring sunshine. And from the random set of people I have talked to, there seems to be only one conclusion - 2013 will feature a "massacre of the innocents" (to quote one of my interlocutors). Residential developers appear to be particularly pessimistic. They admit that they are faced with one of the hardest periods in their history. However, the only good thing about hitting the bottom is that it needs to happen before we can bounce back. So is the Polish r
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