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Posts by Romankrakow  

Joined: 21 Mar 2013 / Male ♂
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From: Krakow
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Romankrakow   
21 Mar 2013
Real Estate / Statistics directly related to prices or potential price movement of real estate in Poland [7]

Oberhaus has updated statistics on prices on polish real estate market, updated every month.

The highlights of this rapport is

A decrease in "started to build" dwellings and permits to build won't necessary mean anything. If the oversupply in apartments on the market is extremely high, like in Krakow, a decrease, even a significant one will have little effect if the number still is higher than apartments being sold. I can prepare eggs at put the heater on max until it starts boiling. I can reduce the heat to 8 and still it will be boiling. I have to turn the heat to maybe 4-5 to prevent my eggs from being broken or actually remove them from the heat totally to save them.

It takes more than 12-18 months to se an effect if you mean any kind of increase in prices? The situation above will firstly mean that the price decline maybe will be less severe and soften the rapid decrease that is going on now.