hythorn
8 Sep 2011
Real Estate / Poland's apartment prices continue to fall [1844]
surely you just declare yourself bankrupt?
we will see if developers start to go bankrupt.
developers did not go belly up in 2008 as Poland was not really suffering during
the recession. in fact Poland more or less escaped untouched. Let's see if the Swiss Franc mortgage repayments have any influence
as that was a factor that was not problematic back in 2008
friends of mine in the industry are planning that developers are going to fold and that the market is
going to take a down turn. who knows if they are right or not.
one thing for sure is that you cannot possibly compare Ireland with its shameless overspending and ridiculously lapse lending
restrictions to Poland.
You cannot walk away in the UK
surely you just declare yourself bankrupt?
we will see if developers start to go bankrupt.
developers did not go belly up in 2008 as Poland was not really suffering during
the recession. in fact Poland more or less escaped untouched. Let's see if the Swiss Franc mortgage repayments have any influence
as that was a factor that was not problematic back in 2008
friends of mine in the industry are planning that developers are going to fold and that the market is
going to take a down turn. who knows if they are right or not.
one thing for sure is that you cannot possibly compare Ireland with its shameless overspending and ridiculously lapse lending
restrictions to Poland.