Real Estate / The current property boom in Poland is a bubble [342]

disagree. i think that the fundamentals are in fact there. polish economy is developing twice as fast as the western neighbors. so there is a tendency in the coming years for high growth...

what can be the problem though is the reclaiming of war properties from germans and jews. this uncertainty is in fact unacceptable. the polish should solve the issue with an amendment of the constitution. the must also modernise their property laws...

Real Estate / The current property boom in Poland is a bubble [342]

the discussion about yield does have a point, yet yield is not a fundamental.

there are some fundamentals which we must look at:
1) the cost of land: there is scarcity in good location city center makes. scarcity means more expensive.
2) the cost of labour is increasing everywhere
3) the cost of building is also increasing.

good developements in the city center are expensive to built and thus expensive to sell.