Funds have the wind in their sails

A lack of money on the market? Nonsense! The money’s there and those who have it are continuing to invest in property through real estate funds. Specialists seem shocked at the number of funds that have appeared since the storm blew up in the West   Emil GóreckiAlthough the real estate industry is struggling all over the world, these difficulties pale into insignificance compared with the turmoil on the stock exchanges. By creating products focused on properties, investment funds have so far resisted the bearish behaviour of the exchanges. They are in fact benefiting from the cooling of the markets, where prices have fallen, where developers are more inclined to sell projects and also where difficulties are being encountered when applying for mortgages. The first real estate funds appeared in Poland in 2004, and now the second wave is about to make its mark. In January, the Skarbiec-Nieruchomości FIZ fund was unable to collect the minimum issue amount of PLN 250 mln. This au