Crisis? What crisis?

You will probably be asking yourselves the same question while reading the articles in this issue. There are extraordinary things happening on the real estate market, particularly in the retail sector. Developers and investors do not seem to be worrying about the crisis. They are looking to the future with the kind of optimism that hasn't been seen for a long time. Gigantic projects are being planned in the capital cities of the CEE region and the investment market has fired up. New business ideas are being dreamt up, such as the Czerwona Torebka (Red Bag) concept, which is brilliant in its simplicity. As one of our interlocutors explains, the crisis is actually more about government debt. Corporations, however, have a huge supply of capital at their disposal and are looking for so-called safe products, such as shopping centres in Poland and other countries of our region. They are buying them and in this way supplying money to developers, who are investing these funds in new projects.