In select company

This year’s event takes place at a pivotal moment. After a period of valuation corrections, limited liquidity and investor caution, the commercial property market in Central and Eastern Europe is entering a new phase of equilibrium. We are no longer living in a time of euphoria, but we’re not firefighting our way out of a crisis either. The moment we find ourselves in is one of greater selectivity, professionalisation and the return of capital – albeit on different terms than three years ago. In 2025, we saw clear signs of stabilisation: inflation began to settle down, monetary policy became more predictable, and investors got back to analysing projects with a longer-term horizon. Today, asset quality, energy efficiency and the ability to generate stable cash flows are key. ESG is no longer an add-on – it is now a prerequisite for financing. Capital is returning, but it is choosing resilient, flexible and well-managed projects. Our feature article this month is on the hot top