Real Estate /
Prices of apartments in Krakow are collapsing further down in 2010-2011 [150]
Sean already pointed this out, but...
I'm not wrong, firstly the average wage is around the 3000zl mark, can we agree?? take home around the 2000zl agree?? x 2 is 4000, keep in mind that's the average wage
I've already told you - about 3300zl is the average brutto wage, netto about 2400zl or so. x 2 is 4800zl - and that's ignoring the somewhat well developed 'black' economy for trading of services.
I know many people who take home 1500zl ie teachers and bank workers, how are these people supposed to live on fresh air you may suggest, the reality is that things are pretty expensive in Poland ie running a car, computer, food etc
There are small, functional apartments in many cities that can be bought for these people. They're maybe only 25-30sqm, but they do the job for a first time buyer couple in such a case. And food is most certainly not expensive!
if say a couple purchased a modest apartment for say 450,000zl and had a deposit of say 100,000zl, it would take them a lifetime to pay off the morgage. Even a professional person in Poland looking at purchasing a house in the upper market would have a big morgage.
Who on earth on average wage is buying apartments for 450k when you can get a large-ish flat (3/4 rooms, 60-80sqm in a renovated communist-era block) for about 300k at the moment?
Professional people in Poland don't buy 'houses in the upper market' either, so the cost of them is irrelevant.
Take a good grip of yourself and think before you talk. Its either Polish incomes are too small or real estate properties are too expensive. by the way a pensioner receives about 800zl a month.
A pensioner also tends to live in a flat which they obtained during communist times, or lives in social housing. There's also plenty of pensioners out there who worked solely in Communist times and yet earns hard Zloty pension now - and these same pensioners are enjoying rather large pensions!
Again, pensioners aren't buying property, so what have they got to do with anything?
The Polish government is in debt.
Show me a government which isn't? :)