Speculating without the facts

The holiday season has been far from the restful time we had been hoping for. The situation on the stock exchanges is making even the most hard-headed investors lose sleep. Everybody who looks at the plummeting indexes does so in terror, as analysts predict a second wave of economic crisis. At this point nobody is taking it upon themselves to forecast the extent of the damage. How will the current crash on the stock exchanges affect the property market? In the March issue of 'Eurobuild CEE' we were wondering whether the increasingly gloomy forecasts for the economies of the CEE region would have any effect on the real estate sector. Most specialists we spoke to were what you might term 'moderate optimists'. But how are they feeling today? The opinion can now increasingly be heard that the next year will be extremely difficult, the number of projects will slump and costs will need to be cut again. Listening to these opinions, it seems that all the different kinds of ratings and rankings