Leading not lagging

A bottle of wine was auctioned FOR PLN 75,000 at the Eurobuild Awards Gala two years ago. (That’s just one bottle, not a thousand of them.) It was purchased by Panattoni Europe and the money went to children in need. “Oh, the sector must be doing well,” – I thought at the time and indeed it did turn out to be a promising sign for the market. The next year or two have been very good for Panattoni and the entire real estate business. I think that the charity auction of a bottle of wine at the Eurobuild Awards Gala each year could have been used as a real estate business barometer – just like the groundhog being spooked or not by its own shadow in the film starring Bill Murray – if the format hadn’t been changed since then. In fact, a painting was the main item at the most recent auction instead of a bottle of wine – and the bidders turned out to be much more cautious. This time in order to buy the item Panattoni ‘only’ had to co