You have extensive experience of the Polish real estate market. How would you assess its current state? How does it compare to previous years – after all, ‘Eurobuild’ has been covering the market since 1997! What has changed the most? Would you say Poland has caught up with the West over the years?
Hadley Dean, founder of MDC2: The market is completely different from what it was in 2001. The perception of Poland has undoubtedly changed significantly. There’s no longer any need to explain to people “why Poland?:. A major shift has occurred in the last 18 months: international investors now genuinely understand Poland and the opportunities it presents, which are often unparalleled in Eastern Europe. We are not yet at the same yield levels as Western Europe. But for IRR and yield-led investors, Poland stands out as a shining star – especially after the recent European Central Bank interest rate cuts.
What event – whether market-wide or s