Real Estate /
Current state of the property market in Krakow [135]
There is no one rule, it all depends.
Also, It will get slightly more difficult to get a mortgage so holding on for rental return is an option.
2012, with the football and hopefully the Euro on the way should be a optimistic time.
The Zloty going down the last week (now going up) has scared the Poles and they are genuinely pushing for the Euro.
Also due to the rest of the world being in crises, the Poles abroad will come home and spend all their money.
As a woman commented om me,"you Irish are very cute, because we (Polish) are working in Ireland taking the money off you (Irish) and bringing it back to Poland, just so you (irish) can take it back off us again" She was joking but I know what it looks like.
The truth is Poland is still in need of good quality, finished houses. People are getting tired of flats with no gardens and a grey finish. And with all the roads being build, they can have a house and not be too far away from any centre.
I see that the reason Poland is not going to go down the tubes is because it has to come up more.
I don't know Warsaw, the Ghetto sounds historical, are they listed buildings? and what is in the area? offices, tourists, students, I think you know all this anyway.
The days of a quick buck are gone, it is the long term investments that will have more realistic returns, the market is becoming more stable and increasing.
his world crises is very good for poland, it means what happened in Ireland will nto ahppen here, which is fantastic for Poland.