Cruising past the black swans

Comment
The mood at this year’s MIPIM real estate fair in Cannes could be characterised as a little subdued and uncertain, but this was entirely understandable, as we live in unpredictable times
Understanding the potential challenges ahead of us is going to be critical for the property market players going forward, and those that are best prepared will have a crucial edge over those that aren’t. One such challenge might be the fallout from the latest flare-up of conflict in the Middle East, which could upturn all our projections for growth and investment in our sector if it seriously impacts the stock markets, inflation, interest rates and then plunges us into a global recession. But whatever happens next on the geopolitical scene, the CEE region – and Poland in particular – should be just as capable of coming out the other side in rude health as we have during previous periods of turmoil, such as the global financial crisis and the pandemic. The only obstacle in the way of maximising our potential is the lingering perception among international investors that this is an unstable corner of the world. So, there is still work that needs to be done in communicating our prov
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