Dont gag me yo
1 Jul 2014
Real Estate / Poland's apartment prices continue to fall [1844]
same here in warsaw residential properties which were/are at sale in wilanow for 7500 pln a sq mtr are negotiated and on promocja are going for 4800pln a sq mtr a drive around there shows how many built flats are unsold as for commercial places they want 8k a sq mtr(shell) plus vat.I cannot understand this market people are asking what they want.There is no rational pricing atleast in commercials which vary from 10k to 25k in centrum.The ROI is varied from 6% to 10% depending on the tenant....lately conv stores like jabka,carefourr exp,fresh point etc properties are poping up at 10% but there leases are holding the owners by there balls so they selling ASAP.
I take pictures in night of the buildings weekly or so and compare how many lights are on thus giving me an approx idea how many flats are sold as developers will never tell you truth. Look what happened at zlota 44 in warsaw where they wanted 30k a sq mtr and claimed 65% sold( last time I heard) now they turning into offices.But still polish real estate market is better then states I feel and more secure.
same here in warsaw residential properties which were/are at sale in wilanow for 7500 pln a sq mtr are negotiated and on promocja are going for 4800pln a sq mtr a drive around there shows how many built flats are unsold as for commercial places they want 8k a sq mtr(shell) plus vat.I cannot understand this market people are asking what they want.There is no rational pricing atleast in commercials which vary from 10k to 25k in centrum.The ROI is varied from 6% to 10% depending on the tenant....lately conv stores like jabka,carefourr exp,fresh point etc properties are poping up at 10% but there leases are holding the owners by there balls so they selling ASAP.
I take pictures in night of the buildings weekly or so and compare how many lights are on thus giving me an approx idea how many flats are sold as developers will never tell you truth. Look what happened at zlota 44 in warsaw where they wanted 30k a sq mtr and claimed 65% sold( last time I heard) now they turning into offices.But still polish real estate market is better then states I feel and more secure.