Things can only get better

The past 12 months on the property and construction market cannot be described as either simple or boring. But is the worst now over? The majority of those who participated in the annual conference organized by Eurobuild Conferences were optimistic. One can only hope they were not simply putting on a brave face One of those who participated in the first discussion panel summed it up in these words: “Were you to get three heads of the investment sections of the largest real estate agencies together in one hall at 10am to pool their knowledge, the only conclusion they would reach would be that the market is in stagnation and nothing of any significance is happening.” Tomasz Trzósło of Jones Lang LaSalle, who moderated the discussion, pointed out that the year just ending was something of a return to 2000-2001. Łukasz Tarnawa, senior economist of PKO BP bank, first injected a dose of opti