The era of stability

Good prospects“The development of the real estate market should be viewed positively, particularly in Poland and the Czech Republic. Funds investing in our region now regard Polish real estate as attractive for two reasons: the market is stable, mature and predictable, with relatively high liquidity; and it guarantees returns on investment at a slightly higher level than, for example, Germany,” comments Ireneusz Stolarski, a legal adviser at the Baker & McKenzie, Krzyżanowski i Wspólnicy law firm. “We are at a very interesting moment in time,” he adds. So far investors have preferred the larger conurbations, with Warsaw at the top of the list. Now they are looking at smaller towns with greater interest and are being particularly drawn to properties that have a strong position on their local markets, in locations that have so far been overlooked by the large institutions that count on a stable and rational return with a high security of investment provided