Prices of apartments in Krakow are collapsing further down in 2010-2011

Both my girlfriend and her sister have inherited apartments in Krakow. About a quarter of her friends at nursing college own apartments here, something thats impossible in the UK at their age range (early 20's). Her parents own another apartment as well as being provided with accommodation as part of her father's job (Forest Ranger).

yes, apartments owned already by everybody, therefore lots of offers and no demand as everybody owns already apartments...

and offers are rising as more and more poles who work aborad will never return to poland

Really?

UK government figures show that quite a lot went back to Poland recently.

So the facts as released, stating that Poland has the most acute housing shortage in the EU, are a lies?

Keep going Mark, you hang yourself with every badly written sentence.

Am i the only one who really does not give a stuff what the price of an apartment in Kracow is... Can the mods not reveal to us who is the mystery poster who is posting under lots of different names on the most boring post ever to grace the forums...?

I'll put an extra 1000pln on top of every m2 as a finders fee if you can find me a flat anywhere in Krakow at the top end of that range 2000pln m2?? either that or I'll just pay to use your time machine direct.

I was recently informed by currency trader that we will see Euro/PLZ at 4.40 to 4.60 by the end of Q1 2010 and USD/PLZ at 3.50 to 3.70. Everything he has told me related to the movements of the PLZ has happened.

In respect of a crash in the property market in Poland - of course prices will come down a little. But there is still a shortage of luxury residential in Poland and that is a market we will see growth

Hi Mark, another username?

Your currency trader stands to lose a significant amount of money if he's actually betting on this - the big institutions are seeing the Zloty/Euro rate heading towards 3.5. If he predicted the sudden crash of the Zloty, it hardly took a genius - I called it!

Anyway Mark, you really ought to do your homework a bit more - the PLZ hasn't existed as a currency for over 10 years - why would anyone be trading it? ;)

Why let a little thing like facts get in the way. After all, Mark works in an accountants office and still does not know the difference between the Dollar, GBP, Euro and Złoty. Numerical figures seem to confuse him.

There is not a market for this... if somebody wants a LUXURY apartment,
he will go and buy himself one in Paris, Monaco, barcelona...

Why anyone in the world would he want a "luxury" apartment
in a frozen place where only in the last week, 78 people died because of the cold weather,
the highest number in whole Europe !!!

People will move to warmer countries, nobody is suicidal on the longterm
to live in a dirty and frozen country!

Would you like us to have a whip-round to get you a bus ticket to just past the Polish border?

Although we can just have you roundly whipped until you get a bus ticket to just past the Polish border.

Arguing with yourself again?

So why do you live here, Mark?


Poland is 'dirty and frozen' now, is it? Does your wife know of the comments you're making on here? Is she aware that you appear to be exceptionally bitter?

Harry - if you're in need of some festive cheer, have a read of Mark's blog :) I've never read such badly written rubbish!

I was talking RATIONAL CLEAR ARGUMENTS not low flaming personal attacks.

- if somebody wants a LUXURY apartment,
he will go and buy himself one in Paris, Monaco, barcelona...

- Why anyone in the world would he want a "luxury" apartment
in a frozen place where only in the last week, 78 people died because of the cold weather,
the highest number in whole Europe !!!

I already have one in Barcelona, too many foriegners there, Poland is the new in place...lol

From my point of view, I would say that this year was the busiest when it came to foreigners coming to Krakow. A lot more than the previous year anyway.

More and more international business' have been more willing than usual to employ foreigners. In the beginning they hardly touched us, but slower it's starting to dawn on them that when dealing with certain countries it's better to have some kind of common link between other than just the product or accounting.

Whilst i appreciate your honesty and sharing of that information to give us all a good laugh at his expense it remains incredibly unprofessional for you to publish that here. Not cool, not cool at all....

Youre not the best advert for your new company are you? Talk about shoot yourself in the foot, WTF. What were you thinking?

News:

globalpropertyguide.com/Europe/Poland

Continuous house price falls in Poland expected

After strong increases from 2004 to 2007, property prices in Poland either stagnated or declined in 2008. The decline continued in Q1 2009 and prices are expected to keep on falling until 2010, at the least.

Mark, maybe if you did not post under all these different names, some people might even believe you. You are a very sad person with a severe, personality disorder.

you are delusional, a compulsive liar and probably, sexually impotent. Classic case really.

Why not register under one name and at least have a discussion on this topic, ( it beats talking to yourself) if your not sure of your facts, there are many people here that know about the property market who would be willing to help you.

The biggets property guide in the world announces CONTINUOUS PRICE FALLS IN POLAND IN 2010.

This really hurts your business, desperate realtor Avalon ;)

I have twenty friends in Krakow who own appartments , all of them have had it confirmed that their properties are now worth 35% more than when they bought them...Several others have had their flats double in value...Two people living in the center have recently sold their flats for treble what they paid for it...Seems like its boom time in Krakow,,!

wildrover

And poor old Mark missed the boat.

Still waiting "desperately" for him to provide a list of these 1500PLN m2 properties in the centre of Krakow , perhaps we will get this in the New Year but I will not hold my breath waiting.

Happy Christmas and New Year to all.

Yes, because they bought in the 90s, when poland was not in EU and it was the dark era of wild postcomunism... ;)

I guess I'm last in the queue :( Remeber me when you make a killing, will you? ;)


Hi Mark!

You made a very interesting blog post about Krakow here -
poland-claritaslux/blog/galeria-bonarka


You said it yourself - Krakow is getting rich ;)

pssst don,t tell anyone , i made it all up...but i didn,t start it...!

People who bought at 500 PLN / sq.m. at the end of the 90s - yes that was the RIGHT GOOD CORRECT PRICE for apartments in Krakow.

But to buy now, at bubbled 7000 PLN / sq.m. prices, is pure suicidal idiocy

Whats the average price in Krakow of apartments...looking to invest.

Thanks

It depends but here is some stats:

(average price per M2) = 6 533

Open Finance (Link)
open.pl/news/wieksze_mieszkanie_za_srednia_pensje.html

Personally I would say 6000 to 9000 PLN it can be much higher and lower but it depends on what you want to invest in.

really desperate that the prices are going down, and noone is buying at these superinflated prices in Krakow
No, you aren't buying at these prices because you can't afford it with your sh1t business going to the wall you sad pr1ck!

Really? I know that Krakow has had the least fluctuation in prices but I have not heard of any hype.
Just wondering where you saw or heard the hype?
Although people do talk up Krakow generally because it is a very beautiful Polish city, so maybe that's what you mean?


"Scammer" singular.