Real Estate /
Poland's apartment prices continue to fall [1844]
High quality global journalism requires investment.
It requires high quality journalists. I could have written such a report...
Rather than considering that website the gospel when it comes to Polish matters I searched for an independent source for unemployment figures.
Here: epp.eurostat.ec.europa.eu/statistics_explained/index.php?title=File:Unemployment_rates,_seasonally_adjusted,_October_2012.png&filetim estamp=20121130092724
I've linked: Euroatat - The European Commisions website which paints a very different picture to that of your journalists who are badly in need of some investment...
The figures show that in October 2012 Poland has 10.4% unemployment which is lower than the EU27 average of 10.7%.... interesting huh?
Of course these figures are only a fraction of that of the failing ecomies of 'western European' countries such as ~Greece and Spain who both have rates over 25%, and Portugal who has 16.3%...
The central European countries such as Austria, Poland, Germany and Czech Republic aren't doing that bad...
Poland is also enjoying much lower unemployment than many of her neighbouring countries...
Now, I'm not sure what all this means in real terms Milky, but it looks like you will have to wait at least another couple of years before you can buy any kind of property some time soon:D
I find it hilarious that neither Milky, Peterweg nor Foreigner4 could answer 3 simple questions:
1) What was the percentage price increase (year on year) between 2004 to the peak in 2008.
2) What is the percentage fall in prices since peak of 2008 (you can allow for inflation).
3) How many homes have been repossessed in the past 4 years as a percentage of mortgage holders.
If you guys are going to pretend to be some kind of experts on the housing market in Poland surely these should be straight-forward, easy-peasy questions to answer.
As neither of you are - as your following silly answers demonstrate :
1) Don't know.
3) Don't know
*possible dumb question begins*
*possible dumb question over*
Milky couldn't even bring himself to attempt to answer any of the questions...
You guys got owned, LMFAO :D
If anyone can answer those questions it would be useful to know the answers. I'm considering a purchase should I stay here long-term.
Any advice on the issue would be greatly appreciated :D