Real Estate /
IS IT A GOOD TIME TO INVEST IN POLISH REAL ESTATE? [83]
The prices of real estate in Japan are falling for last 15 years.
The prices in 2007-2008 were at a maximum in Poland, and then the bubble bursted.
Such kind of prices like in 2007-2008 (higher than France, Germany, Spain or Belgium)
will happen again maybe just because of high inflation, in 10-15 years from now.
Next 2 years it will be continued lowering in prices, which will continue to be going down.
It is crazy to ask 2000 euros/sq.m. when the average pole is making about 400 eur/month.
It is a rule in Real estate, that the average price per sq.m. is the medium salary that
a normal person gets in one month.
That's why in France, where average salary is 1800 euros/month, the average price of real estate is approx 1800 eur/sq.m., and so on.
Plus the fact that are about 150 000 apartments on the market left unsold in the big cities in Poland...