In a video interview recorded at CEE Property Forum 2025 in Vienna, Philipp Zschaler, Managing Partner and Head of the Real Estate Industry Group at Andersen Germany, shares his expectations for the CEE real estate market in 2026. He reflects on liquidity conditions, shifting investor profiles, key risks and the asset classes likely to benefit from ongoing transformation.

In a video interview recorded at CEE Property Forum in Vienna, Dániel Ódor MRICS, Partner at Taylor Wessing Hungary, shares his expectations for real estate transactions in the year ahead, discusses the balance between international and regional investors in Hungary, and reflects on residential development, PRS, and the regulatory changes shaping the market.

As CEE moves into a new phase of the real estate cycle, transaction structures, investor behaviour, and regulatory expectations are shifting at pace. Cross-border capital is gradually returning, domestic investors are taking a stronger role, and ESG-driven obligations are reshaping how deals are structured and executed. Against this backdrop, Dr. Erwin Hanslik MRICS, Partner and CEE Head of Real Estate & Construction at Taylor Wessing, shares his perspective on the most important legal, regulatory and market developments influencing real-estate transactions today.

Lease agreements for retail parks in Poland increasingly feature solutions that differ from classic Triple Net Lease agreements, particularly regarding operating cost settlement and responsibility division between parties. These trends are reshaping relationships between investors and tenants while responding to growing market expectations, explain Dominik Rafałko, Partner and Paweł Śliwka, Senior Associate at CMS Poland.

As of September 1, 2025, the Budapest Government Office will roll out a new Electronic Real Estate Registry (E-ING). This initiative promises to eliminate paper-based processes, streamlining and speeding up property-related administration while also reducing costs.

Amendments to Poland’s property tax regulations, in force since January 2025, have introduced new definitions for buildings and structures, forcing property owners to re-evaluate their portfolios. The changes bring new compliance risks but can also offer substantial tax savings—up to PLN 500,000 annually in some cases—provided companies act swiftly.

Kinga Baran, Partner and Head of Tax Advisory Services at Forvis Mazars Polska, talked to Property Forum about the tax environment in the Polish property market, ESG awareness among her clients and the development plans for coming months.

Linklaters has advised Nhood and Ceetrus on their partnership with Apsys, which aims to transform the commercial market in Poland by initiating innovative and sustainable development projects. Their first cooperation will be Wilanów Park shopping centre in Warsaw. 

Mateusz Dereszyński, Partner and Head of Banking and Finance at Eversheds Sutherland Polska, talked to Property Forum about the availability of financing in Poland, the importance of ESG for banks and the investment forecasts for 2025.

Addleshaw Goddard announced its entry into the Polish market through the agreement with Linklaters for the transfer of its Warsaw office. The new Warsaw office of AG will serve as a regional hub, enabling the firm to deliver legal expertise and services to clients across Poland, the CEE region and Turkey.