The first edition of the conference about condo and aparthotels for developers comes to Warsaw in September.
The boom in the real estate market is in full swing and, experts say, there are no signs of any disaster coming our way. According to GUS data, more than 70 percent of apartments in the primary market were purchased with cash in 2017 – which suggests that a significant part of them (according to different sources as much as 30%) were intended for rent. Interest rates do not encourage keeping savings in deposits, so individual customers eagerly keep a close eye on the market for properties for rent, particularly those which take the burden of day-to-day maintenance off the owner’s shoulders. According to REAS estimates, the Polish PRS (Private Rented Sector) may even double within the next decade. Poland’s tourist market is heating up as well – only in the first quarter of the year guests bought more than 10 million overnight stays at hotels and GUS put the occupancy rate in hotel facilities in 2017 at 49%.
Summing up all the data and results, the time for apart and condo hotel investments is at least interesting. It appears, however, that legislation, defining products and setting generally applicable standards in the investment apartment market are lagging behind the market boom. This, and other things, will be discussed by experts invited to take part in the Investment Apartment Forum FAIN who include: Konrad Płochocki, Managing Director at PAD; Adam Konieczny, Development Director for Poland and Eastern Europe at Louvre Hotels Group; Marek Roefler, Chairman of the Board at Dantex; Paweł Kobierski, Board member at Sun & Snow; Piotr Kwiatkowski, Vice-President of the Board, Chamber of Commerce of the Polish Hotel Industry.
The topics of speeches and discussion panels include the following:
• legal liability and protection of participants in the investment process
• prices, taxes and investment settlement models
• effective management models
• reducing financial and operational risk
• new trends and the seasonality of the tourist services market
• designing, zoning, equipping hotels and defining the category of additional services
• unit and total project valuation and effective ways of exiting a condo or aparthotel investment
The organizer, Nowy Adres S.A., known as the creator of substantively excellent meetings for the real estate industry in the past several years, also announces an inaugural lecture by Special Guest, and a banquet for all the participants in the evening following the first day of the conference. A special Business in Progress zone has also been prepared specially for guests, experts and sponsors where it will be possible to arrange individual meetings with selected participants in advance.
The Forum’s substantive partner is Fortech Consulting, Supporting Partner – the portal Inwestycje w Kurortach. The Forum’s Honorary Patrons are Lower Silesia VoivodeshipMarshal and the Polish Association of Developers. Media patronage over the conference has been provided by: „Świat Hoteli”, Horecanet.pl, Domiporta.pl, EuropaProperty.com and KRN.
The first edition of the Real Estate Forum FAIN takes place on 24 and 25 September at the Radisson Blu Centrum hotel on Grzybowska Street in Warsaw. A detailed programme and information about participation can be found at: www.fain.pl.
