High end city-centre apartments in Warsaw and Krakow

ash1972 3 | 88

8 Dec 2008 / #1

Hi, does anyone have any up to date knowledge on this market?

What sort of price range are flats changing hands at? Not interested in asking prices, just transactions. Thanks.

boydie

9 Dec 2008 / #2

Said in December issue of Polish magazine "Manager".

Achieved price per sqm in Warsaw down 3% on Oct 2007
Achieved price per sqm in Krakow down 5% on Oct 2007.

Can not remember the other towns but they also had data for Wroclaw, Gdansk and Poznan.

Why, are you ready to pay out 4 years early on our bet in a Paddy Power stylee ?

OP ash1972 3 | 88

9 Dec 2008 / #3

No, I need to sell my first property (of which I own 90%) to pay for the second (of which I've only paid the 10% deposit). The alternative is to take out a mortgage. I'm considering both options at the moment but I'm leaning towards not having to get a mortgage.

I was hoping for PLN/sqm valuations for specific (named) high end developments - I assume you don't have these to hand?

The bet's still on. But we're talking about 2012 :)

Paddy Power stylee?

boydie

9 Dec 2008 / #4

No, it did not name specific developments - its a general business magazine rather than a real estate magazine. Informal feedback I have had from banks and lawyers is that number of transactions is very low.

Paddy Power is an Irish bookies that sometimes generates nice free publicity by paying out early e.g. they paid bets on Obama sometime in September.

OP ash1972 3 | 88

10 Dec 2008 / #5

Good idea if you're a bookie - unfortunately I'm not. Anyway, I can understand the joy of finally getting another Irish boy (O'Bama) into the White House - it's been some time :)