In which direction is the world economy now heading in and will the macro-economic indicators give a boost to the investment market? How has the geopolitical situation influenced capital markets in recent months? And who deserves the title of Gamechanger of the Year 2021 – Covid, inflation or Putin?

What is the current state of the investment market in the CEE region? Have the sources of capital changed? Have significant deals and yields been noted? Which assets and countries are now regarded as attractive? And is ESG now making a permanent mark in the strategies of the biggest players?

Tenants have been trickling back to their offices, while developers have reopened their construction sites and investors have gone back to the negotiating table. Recent months have been marked by a number of spectacular transactions, but will filling up new and planned office projects with tenants become more challenging as hybrid working continues to take hold?

The queue of people waiting to grab their own slice of the living sector cake has been getting longer and longer, as new players continue to enter the Polish market – both specialised and those new to this segment. The need for accommodation in the rental market and for student housing is still enormous, but will the stuttering economy disrupt investors’ ambitions for meeting this demand and thus turn the plans of developers and future tenants upside-down?

Warehouses and logistics centres continue to be an investment hit, with major purchase transactions being announced almost every week. Are e-commerce and nearshoring enough to keep the demand warehousing soaring? Or will it be rising utility and employment costs that finally put an end to the boom?

The assets that were hardest hit by the pandemic – shopping centres and hotels – have been gradually returning to the game. At the same time, the retail parks that are being built in smaller locations are still shining brightly in the background and are as popular as ever.