Real Estate /
Poland property boom over???? [54]
I think because its only been in recent years that property prices have risen significantly in Poland they should be okay, you must remember lending is a major factor in the UK and Ireland the banks have been throwing money at people and people are in over their heads - repossessions are on the increase and will continue to grow over the next 12 months, new builds are not selling because people cant or wont pay the kind of money developers want, whilst house prices have dipped they have not dropped significantly in the UK as yet, if they do a recession will be inevitable.
As for the construction industry which encompasses surveyors, architects etc., there will be a drop in employment, how large this will be no one can speculate at the moment.
in the next 5 years 37 bn Euros will go into roads, rail and air from the EU plus the same again from the Polish government and private enterprise. This year the government is planning to build over 1,000 km of motorway and express roads.
I don't see anything of this scale about to happen anywhere in Western
You are funny, I suggest you look at how much Network Rail have spent on the WCRM upgrade, or then have a look at how much we spent on the Chanel Tunel or then again you could have a look at how much was spent on the Thames Link project, or on St. Pancras Station or on Manchester Piccadilly on our numerous airports...blimey...as for motorways we are updating and upgrading all the time...
