Return PolishForums LIVE
  PolishForums Archive :
Posts by wawkrak  

Joined: 4 Dec 2009 / Male ♂
Last Post: 4 Dec 2009
Threads: -
Posts: Total: 8 / In This Archive: 6
From: Prague

Displayed posts: 6
sort: Latest first   Oldest first
wawkrak   
4 Dec 2009
Real Estate / Prices of apartments in Krakow are collapsing further down in 2010-2011 [150]

I do not care about the real estate market in Poland as I do not have property there but I do have friends in developers who tell me nothing is moving. Absolutely nothing because people need loans and the banks are not lending on indvidual units.

It is an immotive debate as people have vested interests. If you have property you are on one side if you have none you are waiting for armmegeddon.

The truth is somewhere inbetween in my personal opinion. Property was over inflated and it needed to come down, I would say we have another year of slight falls to go.
wawkrak   
4 Dec 2009
Real Estate / Prices of apartments in Krakow are collapsing further down in 2010-2011 [150]

with all due respect AValon, the banks who did the survey "Association of Polish Banks (ZBP)"

Do have a motive to talk the market up because they are in deep doo doo. I do not care one way or the other because I do nto have any property in Poland. I would say look at who is spinning the story and also be wary of any body saying anything one way or the other.