A great future ahead of us?

After all these years since the political transformation, the Polish real estate market has built itself up and is now in rather good shape. In general: there are many new ongoing projects, there are lots of attractive locations where developers want to build, many of these companies have plans for future development, and the funds are in place for all of this activity. “At the beginning, twenty years ago, there was no such thing as real estate market financing,” recalled Jacek Wachowicz of Globe Trade Centre, who has been working in the financial and real estate market since the 90s. “Instead of  finance there were just the many anxious questions of wary investors – whether there are tenants here, if the money is safe here,” added Jacek Wachowicz. “In 1993, when I came here for the first time, Warsaw was depressing and… rather smelly,” admitted Andreas Ridder, the chairman of CBRE in the CEE region, expl