Real Estate /
Prices of apartments in Krakow are collapsing further down in 2010-2011 [150]
All in all, the polish real estate bubble will burst very soon,
and prices will come crashing down
As I mentioned in a another post I don't think prices will crash, it just might level out a bit, sort after properties in central warsaw and krakow, gdansk will continue to rise because they attract a different type of buyer, definitely people who bought off the plan apartments may find the pinch and come out second best. Poles are not in the habit of selling there family home every five minutes like people in the west and all said and done the homes on the market for a population of 38 million people is very small, lets be clear a crash occurs when a mass of people are forced to sell for whatever reason and buyers are few, this causes a crash, this is not the case in Poland.
A lot of the spin and scare mongering usually originates from real estate agents.