Polishing diamonds or chasing our tails

The new bill prepared by the Ministry of Finance has received a substantial response from the real estate sector, which has generally praised the changes to the government’s plans, while also pointing out some slip-ups. The new law should come into force on January 1st, 2018, but the government will be working on the new act in the months leading up that date. We asked some of the major real estate market players what they think about the new proposals, what they would change in the bill, and how the real estate market in Poland could be affected by the emergence of REITs. Radosław Świątkowski co-founder and managing partner, Reino Partners The publication of a new version of the bill is not in itself something positive. However, the final bill should cover entities registered in Poland. Otherwise, REITs with Polish capital will never be established. The Polish real estate market will continue to be dominated by foreign companies – the only difference being that t