Rising to the occasion

If any of you are still able to remember how things were pre-Covid, you might just recall that at the end of last year a few commentators were warning of an economic downturn that might occur at any moment – and that the real estate market would have to prepare itself for this. What no one predicted back then was that this scenario would actually be brought on by a global pandemic. And yet, although some Polish real estate sectors have clearly been seriously impacted by this (hopefully) once in a century event, the market has somehow struggled through it and in some cases even thrived. As restrictions have been eased and people return to their offices (or at least some kind of normality), the market has reactivated to a certain extent. Somewhat surprisingly, the H1 2020 real estate investment volume in Poland was one of the highest on record with around EUR 3 bln transacted. This may seem anomalous given the unprecedented nature of the pandemic, but an explanation is given by Pa