Real Estate /
Poland's apartment prices continue to fall [1844]
Warszawski agreed 100%,even though the advertising prices haven't changed but actual selling prices have.i am saying that with first hand experience.sellers who are rigid about the prices are simply not selling,I know 3/4 properties personally which are in the market for over and year( for example there is a property in nowe bemowo rented by fresh point,being still advertised for 1.230mil the owner will accept 9.5 ,still not worth it,another is in sadiba rented to Polska poczta asking 2.2 owner will take 1.65, still all advertised for orignal prices) these are good rental yields of about 10% and over but there rental agreements are not good and property if vacated is worth 1/2 the price..but again they might find some stupid English teacher who thinking 10% yield is good and buy it without doing his home work.i am now in process of buying one at almost 50% less advertised price with my conditions,and this one is not even advertised at all by the realtors.