Real Estate /
Real Estate hits a new low in Poland [86]
Over 7 years ago, I purchased two vacant farms and rebuilt a house and two other buildings on one of them. My holdings include over 10 hectares of mostly forest. I must say, since 2001, the value of my property has increased quite dramatically.
Well done and congratulations, I hope you are Polands next multi millionaire, true people buying around that time made good money.,
Bolek, what did you purchase exactly, where, and for how much? If you don't mind me asking.
Prefer not to say in case I give wrong messages to people who have purchased at that location. Keep in mind its only when you sell a property that you gain or loose on the transaction.
The point being when I purchased my apartment I paid $160,000 (US) If I was buying the same property today and as I mentioned before the place has gone done some 10/15%. I would have paid about $105,000 US. Thats occurred in a 7 month period..
Get the point!!!!!!!!!!, You can make a lot of money in buying and selling currencies, the point to be made also, this would not effect a person living in Poland and not using foreign currencies.