Real Estate / Poland's apartment prices continue to fall [1844]

Some first quarter result

average price gone down 3.1 % for January /February
Mortgages getting much more difficult to attain,for most ,practically impossible.

oferty.net/raporty/5828

Real Estate / Poland's apartment prices continue to fall [1844]


You are talking about a lot of people, Peter Schiff, david McWilliams (there are quite a few Laffer types on here)
youtube.com/watch?v=GnCtav9OsV8


As usual twisting the facts. Not surprising for a Thatcherite developer in Poland.

Poles working abroad and foreign investment by casino capitalist and people trying to make a quick buck,

,FOREIGNERS lol

Real Estate / Poland's apartment prices continue to fall [1844]


Most that moved, moved pre-2007 so they already purchased during the frenzy property bubble. Poland's young population are now (stating the obvious) aging and are now looking for property(obviously). They will be demanding pre-2005 prices or simply renting or staying at home with the Waltons.

Reports like below, are very accurate and are a direct contrast to the positive information being pumped into the media about how Poland has being doing so well avoiding recession,low unemployment etc..

joinricsineurope.eu/uploads/files/EHRfullreport_1.pdf

Real Estate / Poland's apartment prices continue to fall [1844]

The fact of the story, in relation to the topic is...
Prices are still falling,and are falling faster than most places in Europe. In my view they will continue on this downward spiral, especially if Poles abroad keep returning home, as prices will then have to reflect polish wages.

Real Estate / Poland's apartment prices continue to fall [1844]


But!! if anyone bothers to read the threads, they will realize that you were just spouting salesman jargon.

Real Estate / Poland's apartment prices continue to fall [1844]

Well my expert advice is don't ask a barber whether or not you need a haircut.
Or, don't listen to crack dealers when they tell you its not addictive if you have a strong personality.

Real Estate / Poland's apartment prices continue to fall [1844]

lol and you're a developer so your opinion is (BS)worthless, but provides a laugh.

Real Estate / Poland's apartment prices continue to fall [1844]


This 'Family on its own' BS just helped to prolong the overpricing, its limitation will reduce prices significantly this year.

Real Estate / Poland's apartment prices continue to fall [1844]


The big "if" and some Poles,for examples in Ireland got stung, and are now up to their eyeballs in negative equity, and doomed never to return;even though the initial idea of purchasing was to make a quick buck and get back home asap with their crock of celtic gold. I think a lot of (Poles)people who did well have already purchased property in (2005-07)Poland. The people who went in the last 3 or so years are scraping the barrel or living of the fat of the land.

Real Estate / Poland's apartment prices continue to fall [1844]


These are the question that only time will answer;also,will some just have to move back in with their parents,due the the impossibilities of the Polish economical situation. As With Magda below:

"You know, I would go back to Poland and then what? I would get 570 Polish zlotys per month (€139). I would have to move back to my parents (who) live in a village. No, I prefer to stay here", the 28-year-old female said.

irishcentral.com/story/roots/ireland_calling/polish-immigrant-becomes-most-famous-pole-in-ireland-after-botched-article-138924189.html


Maybe he is simply giving his honest opinion. I feel that he is one of the more balanced/rational people on here.

Real Estate / Poland's apartment prices continue to fall [1844]


Nonsense, there is as much as 40 % of the age-group 24 to 35(also the main property purchasing age) working abroad, and there is an international crisis with a double dip on the way. If even 50% of these people return unemployment will sky rocket. The general message from the media is that the Poles are returning, due to the growing unemployment in the West.

Real Estate / Poland's apartment prices continue to fall [1844]

I have given my view along with cms and others for the end of this year,overall in the coming years 50-60% drop from peak for sure.

Real Estate / Poland's apartment prices continue to fall [1844]


Totally true,as an Irish person originally from the border of the 6 counties, I feel confident that it's an illegal occupation, and, yes, it's time to move on, I agree entirely,move on but only toward a United Ireland. "Moving on" as in accepting the border is like asking the Palestinian to move on and accept the Israeli domination. The border was founded on the threat of genocidal attack by the Brits and sustained by gerrymandering.


Bottomless postmodern argument. Like a Pole forgiving Hiitler/Stalin with with a shrug "ah sure we're all evil". Tiocfaidh ar la


No one knows the future but their is a wold recession so bubble and buckets of easy money may not be the future.

Real Estate / Poland's apartment prices continue to fall [1844]


because they are gamblers,maybe they should visit;
GAMBLERS ANONYMOUS is a fellowship of men and women who share their experience, strength and hope with each other that they may solve their common problem and help others to recover from a gambling problem.

The only requirement for membership is a desire to stop building after the bubble has burst. There are no dues or fees for Gamblers Anonymous membership; we are self-supporting through our own contributions. Gamblers Anonymous is not allied with any sect, Neo-Liberals, Banks, Hedge Fund organization or institution; does not wish to engage in any controversy; neither endorses nor opposes any cause. Our primary purpose is to stop the compulsively building of over-priced apartments which prey on desperate workers, and to help other compulsive gamblers do the same.

Most of us have been unwilling to admit we were/are real-estate gamblers. No one likes to think they are different from their fellows. Therefore, it is not surprising that our gambling careers have been characterized by countless vain attempts to prove we could gamble like other people. The idea that somehow, some day, we will control our gambling is the great obsession of every compulsive gambler. The persistence of this illusion is astonishing. Many pursue it into the gates of prison, insanity or NAMA.


Go to several meetings a week for the first six months.


PIP step away from the computer and return to reality.

Real Estate / Poland's apartment prices continue to fall [1844]


Not in my eyes, its simply an illegal occupation.

I only see a drop of 50 % (not 90%) from peak bubble prices, So that is well within my forecast; don't mind the rants of the real-estate fundamentalist trying to steer what people have said.


exactly


very true, even taxi drivers.

Real Estate / Poland's apartment prices continue to fall [1844]


The way it has turned out, especially in Ireland, it has become quite apparent that the bulk of developers were a glorified version of the village idiot.


They are actually called "positive strokes of the art or coercion."


No , by his advice, you shouldn't listen to a representative of McDonalds if you want reliable information on nutrition and what is best for your children.

Never ask a barber is your hair too long.

Real Estate / Poland's apartment prices continue to fall [1844]


Which theories: en.wikipedia.org/wiki/Polish_property_bubble

Real Estate / Poland's apartment prices continue to fall [1844]


She is giving a personal opinion, all links and definitions by all non members(her husband is involved) of real estate pûrn would prove her 100% wrong.


You didn't read it so,or are you easily persuaded by the coercive philosophy of the car salesmen.


Yes I would accept it as well.


Why is Wikipedia a joke to you.. Do you never use it so??


Oh maybe you are talking in the literal sense as in bubble gum etc "I get you now sorry we were talking about real estate bubbles"

Life / Struggling young Polish couple - try to solve their problem [176]


hahaha..How small,give us a laugh, show us a link for 60'000 zloty flats in Poland. You regularly see small flats,,,,how small,,big enough for a couple of smurfs.

your theory doesn't need to be disproved as it is just BS

Real Estate / Poland's apartment prices continue to fall [1844]


So no property bubbles around the world have deflated lol

Real Estate / Poland's apartment prices continue to fall [1844]


I don't see the problem with asking for a link, we got them for all the previous months, which clearly show the bubble to be deflating.

Actually I found this but no Jan Feb stats

Although local consumption is expected to slow, it is also expected that exports will help compensate for this week demand, reducing the budget deficit from its current 5.3%. Houses in Warsaw have lost 13.63% of the value since the economic crisis began, while in Kraków prices are down by 17.87% and by 25.22% in Tri-City.

The number of new, unsold homes rose by 11% last year, even though the number of homes completed fell by 3%. The market also saw an increase of distressed sales and housing inventory levels have risen considerably.

Poland has benefited from nearly two decades of 5% annual growth, and since it joined the European Union in April 2004 there has been an enormous housing boom.

Prices in Warsaw increased by 23% in 2005, by 28% in 2006, by 45% in 2007 and by 13% in 2008, and some cities saw even larger price rises. EU membership encouraged foreigners to buy property in the country, even though they are limited to only one home each, and it also encouraged Poles working abroad to send money home.

Although the Polish property market is now seeing a price correction, it may be largely protected due to the fact that its economy is still growing and unlike most of Europe is less likely to suffer from a double dip recession.

Published: 7 Mar 2012

Life / Struggling young Polish couple - try to solve their problem [176]


Labour LOL,,,Are you saying that Tory Blaire is a lefty??


Yes,simple, just leave,that's what the Irish do/did when there's no work,hardly going to wait around for a Neo-Liberal government(FG,PO) to undo the damage done by the ultra, free-market economy. Fire putting out

fire.


Then just stay,you jackass


Isn't that whats happening!!!!!!


Why wouldn't the Poles have a problem with Germany??just like the Irish have a problem with the Brits. We(irish) still go and work there(UK). Money=food . I f it wasn't for German and Brit Imperialism , we'd be more independent.


get off your high horse.

Life / Struggling young Polish couple - try to solve their problem [176]

Exactly, there is no easy crock of gold anymore.

Life / The rising costs of food and fuel in Poland and the effects on disposable income/economy [177]

already agreed part of the deal that was signed in 2008 can possibly raise Polish electricity prices by 100 per cent before 2020 (and the goals are still unrealistic for Poland because there is no way we can have 20 per cent of our energy from renewable sources in this economic climate) - the electiricity bills will start rising already next year and it's gonna be drastic (like 40-50 per cent)

borrowed from Grubus
So how will this be digested>

Work / Salary expectations in Poland [373]


I agree totally, BS falls out of this man's mouth.

Life / Struggling young Polish couple - try to solve their problem [176]


You mean several years of saving every penny.
300000 in one year??,some job


Oh yea ,,your the guy who thinks it's much easier to purchase a house in Poland than in England,,,lol....your opinion is worthless


I agree,it's a paradox. Poland has grown accustomed to living in a housing crises;during late communism there was a 15 year waiting list and now(neo liberal wet dream land) the average Pole on the an average wage is subjected to a life of super-inflated mortgage slavery.

The best thing for the couple to do is just leave the country, crap option but look at Ireland now, people are flooding out of the country yet its economically several times better than Poland.

Work / Cost of Living, Average Salaries and Job sites in Poland [263]


That would explain why UK and Ireland are flooded with Danish immigrants.

Work / Cost of Living, Average Salaries and Job sites in Poland [263]

and in Ireland 4 times higher

Real Estate / Poland's apartment prices continue to fall [1844]

So........anyone got the prices for Jan and Feb 2012
LInK???

Work / Cost of Living, Average Salaries and Job sites in Poland [263]

And minimum wage is 5 times higher than Poland