You are another of these so called experts.
I've never considered or advertised myself as an expert on anything. I've learned a bit about the property market in Poland over the past few years and I have shared my personal insight and opinions with this forum. I'm flattered that you think that highly of me, but you should only take my advice as one opinion among the many required to form your own balanced personal opinion of the market.
I think it is unfortunate that many foreign investors who have purchased off-plan property in Poland over the past 18- 24 months are going to lose / have lost a considerable amount of money. My opinion is that many of these investors only sought (and continue to seek) the advice of market cheerleaders and did not reach a balanced view on market prospects.
For example, there are a number of postings on this forum from anxious investors who purchased property at Katowice Oak Terraces through a company called Property Secrets. Just 18 months ago, PS was telling investors that their initial investments of 5500zl/m2 would appreciate 40% before completion, and then a further 30% within the first year. That is 10,000zl/m2 for a black finish apartment. In Katowice! I don't understand how any investor seeking a serious balanced opinion could possibly buy into this concept. But they did, in scores.
You may want to stick to selling real estate, stop talking crap and giving wrong information.
I don't see why you have to be so rude about it. I believe my responses are informative, not "crap", and provide correct information. For the record I have never sold, nor sought to sell real estate. If someone is offered 25% over market value on any investment, house, boat or whatever then my advice is take the money. Is that not the whole basis of an investment?
I am still prepared to eat my shorts when there is a real estate crash in Poland. I am not of the opinion that there has been a real estate crash in Poland. There is certainly a pretty good slump brought on by tightening credit conditions, but the bulk of the housing market is in a relatively healthy state.
Of course there is a tremendous gross over-supply of high-end off-plan "investment" apartments, but this is a very tiny percentage of the total housing units in Poland. It is an unfortunate situation for developers and foreign investors. However the signs of a crash; the number of Poles in negative equity or foreclosure, are just not there.