The shock absorbers

This was especially the case this time around, and could be felt at the year’s first big property fair, MIPIM in Cannes, where the mood could best be described as cautious, albeit very far from panicky. The backdrop was the continuing geopolitical uncertainty and possible economic repercussions – mainly, US tariffs, the ongoing war in Ukraine, and a new military conflict in the Persian Gulf with its accompanying oil price hikes and the threat of further inflation or even recession. Perhaps, following all the crises and upheavals of recent years, we have acquired a degree of immunity to such shocks. But the greatest resilience has been evident in our own part of the world – and that fact seems to be finally sinking in with international investors. As we fast-forward to where we are now – the time of year when the Q1 data is published in various market reports – it’s not just the ability to absorb shocks that is obvious in Poland, but 
also how established sectors are matu