The coronavirus has resulted in many investments and transactions being put on hold, as developers and investors have adopted a wait and see approach. The virus has also turned the ranking of the most attractive segments on its head. Despite all of this, acquisitions that had already begun and construction projects are being completed more or less without disruption, while the investment figures for the year actually look to be quite decent. Which sectors and markets have grown in popularity and which have lost out? What about yields? When will everything return to normal? And what exactly does ‘normal’ now mean anyway? 

Even with plummeting numbers of foreign tourists and most students studying at home, developers and rental apartment landlords have taken on a nonchalant air. What is  the true condition of the PRS market? 

The Polish Ministry of Finance has been tightening up the tax system – by increasing the tax obligations for real estate companies, granting limited partnerships the status of income tax payers, limiting the options for settling losses and reducing depreciation rates, among other aspects of the tax law that it is putting under the magnifying glass. What, when, how and for whom will things change in 2021?

The office market in the regions is flourishing, where coworking centres and serviced offices are popping up like mushrooms after the rain. On the other hand, we have been hearing about renegotiations of large pre-lease contracts, as Covid forces many tenants into revising their development plans. Are we seeing a permanent shift in relations on the office market? 

The segment has been balancing on the edge for the past half year due to restrictions placed on tourists and business travellers. Fortunately, the summer saw the sector bounce back and holidays in Poland are seeing a revival. How are hotels and developers coping in these difficult times? And have investors completely lost their appetites? 

There’s one market segment where the virus increased temperatures but everyone actually seems happy about it. Is the boom in the warehouse market driven by rising online sales set to continue indefinitely? Will big box projects and SBUs become a permanent feature of the investment market?