Real Estate /
Buying new buildings in Poland and price I was given [42]
Not at all. The foreign investment is probably affecting Warsaw but nowhere else. I blame the Polish govt as the pricing is led by supply restrictions which are their fault.
Interesting post Most.........
Some developers have told me that prices per sqm2 have doubled in a year which makes me nervous. AS you say the value is gone.
I'm not sure what is driving up the price.
1. Developers say materials - probably as you say because of lack of supply
2. labour costs/ wages - have they doubled for Polish workers in the last year - I doubt it!!
3. Speculation - will always drive up prices in any market place especially with foreign investors who are none the wiser
4. Greed from developers - is this a possibility? Being fed of course by the demand from investors.
Could there be a small downturn in the short term? Surely. The price inflation does not make sense. What is the average monthly wage in Polands cities? Maybe 6/700 euro? I'm guessing.
If materials supply increase and the speculation decreases will there be than a levelling of prices.