Real Estate /
Current state of the property market in Krakow [135]
high end developments is that they are unaffordable for most Poles and in fact 95% of the population
Is there a country or has there ever been a country where high end developments were affordable to 95% of the population or even 50%?
Were there high end developments during communism? I don't know.
High end developments are for a small minority.
, house prices will reflect their true value and I wont have to listen to every muppet at a party discussing how their house in Marbella is worth :D
I really and truly hope so.
Some people thought they were millionaires, a good reality check was in order for a long time, it kept going up and up and up. Unfortunately it lasted this long.
I have lived out of the country for years and have only heard things from my visits.
But Poland is not like Ireland in many respects, it is not a crazy circus here. Actually I think for a good financial climate over here, a slowing down in the market is what Poland needs.
Polish economic growth is not dependent on winning outsourcing contracts from the US
It would be a tremendous help.
As for migrant workers, until they can earn the equivalent here as they can earn there, they won't be coming home (for the majority).
Yes there will be more unemployment in Ireland and Britain.
But there is a myth that the Irish or British will "look after their own" and sack the foreigners first. (from my own experience)
It is economics not patriotism.
Would you not agree?
