THE CONFERENCE PROGRAMME 20 of October 2014 9.00 9.30 Registration. Breakfast. 9.30 10.00 The opening lecture: Dark clouds in the east. What long-term effect on the condition of the Polish economy may the conflict in Ukraine have? Even though Ukraine does not rank among Poland s largest trading partners, in the world of the globalized economy a protracted conflict in our eastern neighbour is certain to affect our country s economic condition. How big can the losses be? Can the residential property sector feel safe? 10.00 11.15 10.00 11.15 Why is it so hard to realize consistent, long-term housing policy in Poland? For several years, the government s residential policy has mainly taken the form of promises during electoral campaigns, and rare assistance programmes have been prepared in such a way that they have only compounded the effects of the business cycle instead of mitigating them. The current forms of housing support seem to compete with each other for the same recipient, instead of attracting the largest possible groups of those interested. Why is it so and when will this Augean stables be cleaned up? Apartment for Young Adults what changes are in the pipeline and will the programme also involve the secondary market? The Housing Rental Fund a real competition to developers? Is it possible to enter housing for rent, for moderate rents? Successful housing support programmes in Western countries examples Moderator: Kazimierz Kirejczyk, president, REAS Prelegents: Piotr Kuszewski, Bank Gospodarstwa Krajowego Full profesor Marek Bryx, Szkoła Główna Handlowa Sławomir Najnigier, City Consulting S. Najnigier Sp.j. 11.15 11.45 Senior Housing, why older people in Poland are still fated to so called "retirement homes" Forecasts showing the process of accelerated aging of the Polish society have been appearing in publications and remarks of demographers and politicians for many years now. The process in particular threatens the stability of the pension system and risks slowing down the country s economic growth, but it will also have a significant impact on many other areas of the Polish economy and social life. This includes the residential sector, understood both as managing existing resources and building new apartments. What new
opportunities does the situation create for developers and financial institutions? What conditions must be met for the sector of housing for the elderly to expand significantly in Poland? Prelegent: Dr Władysław Jan Brzeski, Partner, FRICS 11.45 12.00 Coffee break 12.00 12.10 Orange - presentation 12:10 12:40 Poles choose development flats report The findings from the latest edition of one of the biggest research projects - TNS Polska for otodom.pl, including the most recent developments in the sector Prelegents: Przemysław Kotwicki, director, otodom.pl Aleksandra Kubicka, expert, otodom.pl 12.40 12.50 Corporate bonds Upper Finanse Consulting Prelegent: Iwona Załuska, Upper Finance Consulting 12.50 14.05 It s good, but for how long? the current demand for mortgage loans and factors that could reduce it in the near future People taking out mortgage loans can enjoy record low interest rates and relatively low loan servicing costs, the situation in the labour market is also improving. But, as surveys by the Polish Bank Association show, both the number and value of loans have been decreasing. Why is it so? When will interest rates start moving up already in 2014? What will be the effects of the increase in the level of mandatory own contribution to 10, 15 and 20 percent on the demand for mortgage loans? Class actions against banks can they affect the criteria for granting mortgage loans? Moderator: Karol Mórawski, journalist, miesięcznik Bank Paneliści: Andrzej Reich, Komisja Nadzowy Finansowego Andrzej Rzońca, Narodowy Bank Polski Bolesław Meluch, Związek Banków Polskich Agnieszka Krawczyk, PKO BP Krzysztof Sokalski, Open Finance 14.05 15.00 Lunch break
15.00 16.00 After work, onto the beach the apartment market in the Tri-City The Tri-City residential market may look like an almost idyllic place to developers from other cities in Poland. The linear system of the agglomeration, connected by Fast City Rail and an ever-expanding network of expressways, means that the division into prestigious and unpopular locations is blurring more and more. The proximity to the sea means that developers often locate their hotel and residential projects here as well. Low thresholds for new apartments to qualify for purchase through the Apartment for Young Adults mortgage subsidy programme could be an additional incentive for new investments. Will the Tri-City s run of good luck continue in 2015, too? Prelegents: Andrzej Biernacki, EKOLAN Michał Kudła, Metrohouse Paweł Komar, Home Broker 16.00 16.10 Finish "turnkey" a sales tool for developers Prelegent: Michał Szymański, sales specialist, Decoroom 16.10 16.20 ANG - presentation 16.20 17.20 There can be only one king the capital s residential property market Warsaw s position as the leader of our residential market remains unchallenged more than 2.5 million people live here, including suburban towns, and the number keeps growing thanks to the highest average earnings, a low unemployment rate and a wide range of educational and cultural activities. Besides the very affordable Białołęka and Ursus, the recently discovered by developers Wola and Praga Południe also enjoy great popularity. Companies building in the capital do not have to worry about sales in some locations demand for apartments is so high that prices have started to creep up. Will other cities follow the Warsaw market s example? Moderator: Marek Wielgo, journalist, Gazeta Wyborcza Panelists: Jacek Wojciechowicz, vice President, City of Warsaw Jacek Bielecki, Marvipol S.A. Zbigniew Wojciech Okoński, ROBYG Mariusz Kania, Metrohouse 21 of October 2014 09.00 09.30 Registration. Breakfast 9.30 10.15 Is the Polish economy already in the recovery phase and when will our housing sector feel it? 10.15 11.15 Investments in Wawel s shadow the condition of the property market in Kraków
The Kraków residential market has had to deal with the slowdown without government lifelines finding a place meeting the price criteria of, first, Family on its Own, and now, Apartment for Young Adults was and still is extremely difficult here. The tourist reputation of Krak s town has also dimmed somewhat foreign demand for flats and apartments for rent in attractive locations is lower than just a few years ago. However, just like in other large agglomerations, the Kraków market showed clear signs of recovery in the first half of 2014. Are the good times for developers back again? Panelists: Artur Pietraszewski, FUTUREAL Monika Szymańska, INDEPRO Piotr Krochmal, Instytut Analiz Monitor Rynku Nieruchomości 11.15 11.25 KONE Way Prelegent: Bartosz Kuta, Branch Manager, KONE 11.25 11.40 Coffee break 11.40 12.40 To develop Fabryczna and Psie Pole the residential sector in Wrocław Wrocław, which places near the top in standard of living rankings, maintains a high growth rate, cares about its tourist attractiveness, creates many new jobs as the BPO/SSC sector continues to grow, draws young people not only from Lower Silesia. As Krzyki and Śródmieście have been built up, developers increasingly eye the city s more affordable districts. How will the situation in the Wrocław apartment market develop in the coming 12 months? Prelegent: Wojciech Kubiak, Metrohouse in Wroclaw 12.40 12.50 KAN presentation 12.50 13.00 Kancelaria Audytorska - presentation 13.00 14.15 I m building and expecting a road difficult relations between developers and local governments during the development of housing projects and associated public utilities Access to a public road is a sine qua non condition to create a new residential project. As the largest cities in Poland are running out of attractively located plots with developed infrastructure, developers are moving to the suburbs, where good roads are often missing. This is where jostling with local authorities begins, and often goes on for years. How to prevent it? The current regulations on putting public roads on local development plans and proposed changes Why there are still no buses running here? controversies associated with bringing public transport to new residential projects Examples of successful cooperation between developers and local authorities on building transport infrastructure
Moderator: Przemysław Kucharski, partner, CMS Cameron McKenna Panelists: Mieczysław Reksnis, Urząd Miasta Warszawy Tymon Nowosielski, Bouygues Immobilier Polska Elżbieta Wiczkowska, Celtic Property Developments Polska 14.15 15.05 Lunch break 15.05 15.15 Home Broker - presentation 15.15 16.05 Back to normality analysis of the situation in the Poznań residential market Greater Poland s developers have resisted the temptation to put as many apartments on sale as possible before the entry into force of the so-called new developer act. Thanks to this, they have the means to appropriately adjust the supply to the increased demand. A relatively high level of the price criterion for the Apartment for Young Adults programme also encourages bringing new projects the vast majority of new apartments in Poznań can be purchased through a government-subsidized loan. Will local developers take advantage of this moment in the market? Moderator: Barbara Kwiecińska-Kielczyk, poznanskie-nieruchomosci.pl Prelegenci: Krzysztof Kruszona, Agrobex Aleksander Błaszczyk, advisor, REAS in Poznan 16.05 16.15 Jaga - presentation 16.15 17.15 When will the developer act treat developers fairly? The current state of procedures to introduce amendments to the act The developer act from April 2012 undoubtedly strengthened the protection of the rights of apartment buyers, but was not without its flaws, which increased the risk to the seller. The act provided for the possibility to introduce amendments after the new law has been in force for two years when will legislators use this option? Findings from the Office of Competition and Consumer Protection s analysis of the functioning of the regulations introduced by the act The issues of reservation agreements, detailed provisions on drafting a prospectus, responsibility of banks which amendments should be introduced as soon as possible? When will the residential projects started before the act s entry into force come to an end? What changes to the act would persuade banks to expand their offer of escrow accounts? Moderator: Paweł Kuglarz, partner, kancelaria Wolff Theiss Paneliści: Konrad Płochocki, Polski Związek Firm Deweloperskich 17.15 17.20 The conclusion of the conference. Business mixer