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Posts by ozdan  

Joined: 18 Jan 2008 / Male ♂
Last Post: 14 Nov 2009
Threads: Total: 8 / In This Archive: 6
Posts: Total: 67 / In This Archive: 45
From: Australia, Melbourne
Speaks Polish?: not yet
Interests: travel, food, music

Displayed posts: 51 / page 2 of 2
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ozdan   
3 Feb 2009
Real Estate / Typical flat offer prices in Poland [17]

I think you have to ask yourself why someone is offering you more than what it is valued at? that in itself sounds strange, especially in the current economic environment.
ozdan   
28 Jan 2009
Real Estate / Real Estate hits a new low in Poland [86]

My number one priority is to inform my Client of the choices that are available to them and guide them with their discision.

So ania, are you telling your clients to buy? Or are you telling them, that times are bad, and although prices are going down, most economic forecasts point to them going down more, therefore its probably better to wait it out?
ozdan   
21 Jan 2009
Real Estate / Real Estate hits a new low in Poland [86]

Whats even funnier is that ania posted this directly after boleks comment on real estate agents.

The lesson to learn is don't listen to suspect real estate agents who use this forum to encourage people to buy now and give a spin on the real estate situation in Poland.

ozdan   
19 Jan 2009
Real Estate / Real Estate hits a new low in Poland [86]

Couple of interesting articles regarding forex mortgages.

v2.ftalphaville.ft.com/blog/2009/01/19/51350/forex-failure-begins-in-poland/
ftalphaville.ft.com/blog/2009/01/16/51254/another-eastern-european-meltdown/
ozdan   
19 Jan 2009
Real Estate / Real Estate hits a new low in Poland [86]

No, your job is to sell properties. Which means that no matter how bad the conditions, you'll always be claiming "now is the 'perfect time' to buy".

Ha! I tried posting something along the same lines yesterday but my internet cut out when i hit submit.

It does bother me when people say "buyers market" or "now is the best time to buy". Especially at the moment. Anyone who claims to know anything of the sort right now is making porky pies.
ozdan   
15 Jan 2009
Real Estate / Real Estate hits a new low in Poland [86]

Take America as an example - prices have largely dropped since Christmas 2007 but the value of the $ has strengthened.

but the US dollar is a different story to the zloty. Before the panic set in.. the US dollar was dropping like a stone. My basic take on what has happened with the US $ is that investors have pulled their money out of their investments in other parts of the world and put them into cash. Naturally they are going to put them into cash in their own currency. So the result is a flood of money back into places like the US and Japan. The same thing in fact has happened with the YEN. If it wasn't for the fact that these nations had a large population of investors then their currency would be tanking. I would personally hedge my bets on the zloty taking a further slide. My thoughts are that with poland, it is only just now that foreign investors are realizing the potential for losses, so there may be a movement of foreign investors taking their funds away from poland. (perhaps someone with a bit more knowledge of currency markets can confirm/contradict/elaborate on this)
ozdan   
14 Jan 2009
Real Estate / Real Estate hits a new low in Poland [86]

so is this a good time to buy? or should i wait to see if they drop a little more?

Put it this way.. it is doubtful prices will go up this year at all so there is no real need to rush out and buy asap. If you are looking to buy then this means you can take your time and find the perfect place.
ozdan   
7 Jan 2009
Real Estate / Putting pressure on developers to cut final installment on a development construction in Poland [17]

What are you on about? One is for sale, but the ONE WE'RE TALKING ABOUT ON THIS THREAD isn't. I really can't make things any simpler than that.

yes.. i understand this. My point is.. are we really comparing apples and oranges here? Harrys comment was a general one about the state of warsaw apartments. And I'm guessing you used the same "12 to 13" rationale when you priced your Platinum towers apartment at 12 500PLN? So claiming that you "don't know" because you "haven't tried to sell" is stretching the truth a bit. Logic would suggest that if you have tried to sell one apartment, then you can apply the same findings here.

Anyway.. all that aside. The reason why I'm having a go is because your arguments/comments on various threads seem to contradict your actions. This is just one of a number of examples.

That's not terribly logical. If you think somebody's not a good businessman then surely you should do business with him/her as you're likely to come off better in any deal you strike.

This probably paints a clearer picture of your attitude. I was actually trying to make a point that someone who provides misleading information is not a good businessman.

Try focusing more on your strengths rather than other peoples weaknesses.
ozdan   
5 Jan 2009
Real Estate / Putting pressure on developers to cut final installment on a development construction in Poland [17]

From what I understand 12 to 13 is still pretty much the norm for completed flats.

Not if no-one is buying them.

Sounds like unfortunately you bought at the absolute peak and most likely at an over inflated price given that by the looks of it these properties have been touted as "luxury" or "higher end" to foreign investors like yourself.

You would probably be better off forfeiting your deposit and trying to buy another apartment at 20%(or more) less than what they were sold at 15 months ago. Or even better... wait it out until more certain times arrive. It seems you are in a pretty desperate state at the moment with all the threads you are posting.. and it appears as though you are not sure what to do.. If you don't have a plan.. then maybe it would be sensible to get out and wait until you do.
ozdan   
21 Dec 2008
Real Estate / Advice required regarding Selling an apartment in Krakow [3]

hey gulrot,

There is actually a sticky at the top of this real estate forum on sites to search for property in poland. You might want to start there. Probably look at gratka.pl. I'd say you would be able to post a private sale on there, but the site is in polish so you may need help from a friend if you don't speaka the language.
ozdan   
25 Nov 2008
Real Estate / apartment rental prices in krakow [4]

Hi Katarzyna,

I'm actually heading over in march/april.. to stay six months plus.
Does that apartment you mentioned include a kitchen and furnishings?

Regards
Dan
ozdan   
11 Nov 2008
Real Estate / Current state of the property market in Krakow [135]

Hi Ash1972,

I think what boydie might be getting at with the zloty dropping in value is that it is a fair indication of market sentiment towards polands economy as far as the rest of the world is concerned. We are experiencing the same here in australia.. Comodity prices drop and chinas future growth is questioned (australia has a heavy dependance on china for its exports of natural resources).. and you see the value of our dollar drop as investors start to view us as a higher risk.

In terms of Berlin vs Krakow with regards to real estate i think you are talking about apples and oranges. Germany has a completely different attitude towards housing.

This said.. i do agree.. theres no point in getting out of a soft market if u are already in it.. unless you think things are going to be worse than forecast..
ozdan   
5 Nov 2008
Real Estate / apartment rental prices in krakow [4]

I'm planning on spending 6 months or so in Krakow, can anyone give me a rough range of prices of what to expect for 6 month lease on a 1/2 br apartment within walking distance from the old town?
ozdan   
23 Oct 2008
Life / Experience more in Poland than any other Country [10]

Kazikowski,

I share a similar view.. I've been to Poland twice in the past 4 years and the first time i went there I arrived in Krakow and it felt like home.

Poland is nice as it is also ugly but what i love about it the most is it is very different to Australia. I love Australia, but sometimes you need a change... you don't want to spend your entire life in one place.

Poland is a great base for seeing the rest of Europe too. Most Aussies make the mistake of going straight to the UK and haemoraging money at a rate faster than they can earn it.

I'll be heading there for a stint at the beginning of next year, who knows how long for.
ozdan   
23 Oct 2008
Real Estate / Current state of the property market in Krakow [135]

Plenty of people are of the mind that a boom is always followed by a bust. It all just depends on how big the bust is. But this generally relates to the size of the boom. Which in terms of poland has been bigger than any other part of europe in the last few years.

peter is right. You talk to a lot of locals who have bought in recent years and a large portion of them have borrowed in the swiss franc. In other parts of the world this practice of borrowing in a different currency, highly leveraged to buy real estate wouldn't even be considered due to it's extreme exposure to risk. Betting on currency is a big gamble and I'm surprised the banks would even offer these sorts of loans to unsophisticated investors. But in a boom time everyone is optimistic.

The optimisim still seems to be high in poland, but if this turns it could be bad. If a lot of people bought recently and are hovering around the top, highly leveraged, then a small drop is all it will take to start the slide.

If you're in it for the long term and you're not highly leveraged, then you're fine, if you are highly leveraged then its time to start thinking a bit more conservatively.
ozdan   
13 Oct 2008
Real Estate / Current state of the property market in Krakow [135]

The key to your question is the word "Global" and whether or not you consider poland to be linked to the worlds economies.

In the USA there are houses in some areas of cleveland which are being passed in with a reserve of $1000. And i don't just mean one or two.

In Krakow prices close to the center are comparable to that of my hometown, in melbourne australia. Australia has a GDP of almost twice that of poland (granted it also has half the population). Australian property prices are considered high on global standards.

In my opinion it depends on polands reliance on the rest of europe - If the polish economy relies heavily on the economies of the rest of europe then you can most certainly expect a drop. I'd be concerned for anyone buying real estate in a "booming" market anywhere in the world right now... especially one that has trippled in 3 years.

Beware of anyone who is involved in this industry continuing to create hype.. Real estate agents, mortgage brokers, banks, property owners, property developers.. because it is with these people that the problem in the USA began.
ozdan   
17 May 2008
UK, Ireland / Are the Poles in England hated? [450]

Come to Australia! Where brits are the annoying drunken fools with backpacks and poles are exotic mysterious people with an interesting accent. No one will force you to clean toilets and drive taxis here, that is for the Indian guy with the masters in computer science! Pay rates are good, the cost of living is lower than UK and the quality of life is excellent! The plane ticket will probably kill you though, expect to pay about 4500-6000zl
ozdan   
18 Jan 2008
Australia / Dziupla Disco in North Melbourne [5]

Hi Syrena, what does Dziupla mean to a non polish speaking person? Just curious.. i live in the area.