Optimism on the rise

Over 200 people representing each of the real estate sectors came together on November 20th at the Hotel Hilton in Warsaw to discuss the latest market trends and forecasts. Marcin Mrowiec, the chief economist of Pekao Bank, stated during the first panel that the main risks for growth are located not inside but outside Poland: both the United States and Western Europe suffer from structural problems. “We don’t know how long the crises in the euro zone will last. Looking at the data from the peripheral states of the EU, we can assume that we are about half way through these crises,” opined Michał Dybuła, the chief economist of BNP Paribas Bank.Tomasz Trzósło, the managing director of Jones Lang LaSalle Poland, then presented some promising figures for the Polish investment market, with 2013 volumes expected to exceed last year’s level. The projected volume is EUR 3.2 bln, which would be the best result since the boom year of 2006. This was the starting point f