Poland's apartment prices continue to fall

already have,,,teacher 2000 zloty
asked a woman in Pub last night ,,,6 zloty an hour,

Don't mind the developers on here, pumping out positive stories about the state of the polish economy.

Anyway to stay on topic the prices are still going down

This, as it turns out, is what has been
happening according to the quarterly RICS
Global Commercial Property Survey over the
last year to Q1 (the Q2 report is due out
around the end of this month), which shows
the Polish investment market loosing
momentum. With these two risks unlikely to
disappear anytime soon, our outlook for
investment activity at least for the next 18
months is a cautious one.
Josh Miller
joshuamiller@rics.org
Polish investment market likely to lose its shine
"NBP likely to
remain in hold
this year but
next year is less
clear cut"
rics.org/site/download_feed.aspx?fileID=12154&fileExtension=PDF

this basically confirms all I know about it too. I have many friends in Poland and only a couple of them make a good living (about 10k), the rest struggles.

-Polish real estate prices slowly decline due to oversupply

--First-quarter mortgage loans issuance lowest in three years

--Oversupply, low demand for real estate to add to construction sector woes

By Patryk Wasilewski

WARSAW--Poland's real estate prices slowly declinind in the first quarter due to oversupply and tightening mortgage lending conditions, with a more rapid drop in prices looming in the future, the National Bank of Poland said in a report Thursday.

Despite weakening demand from clients who have a harder time acquiring banking funding, real estate developers continue to start new projects, adding to future supply overhang and downward pressure on prices.

"In the future this may lead to a faster than currently seen drop in prices and problems of the construction sector," the central bank says.

Poland's real estate and housing market boomed in 2005-2008, but to a lesser extent than in some Western countries, fuelled by loose lending criteria and access to cheap swiss franc and euro loans.

However, under pressure from the global crisis and due to worries about a weakening local currency, the financial regulator KNF has over time effectively abolished foreign exchange-denominated lending and forced banks to tighten lending standards.

The central bank notes that the mortgage market situation in the first three months of 2012 went to pre-boom levels in terms of assigning new loans as banks dropped more affordable foreign exchange-denominated loans from their offer, with new tighter regulation,s and also buyers delaying purchasing decisions in the expectation of further price declines.

Troubles in the housing market would add to the woes of an already failing construction sector, which took a major hit due to losses on large road-building infrastructure projects.

Liquidity problems and excessive leverage forced several listed companies like PBG S.A. (PBG.WA) and Hydrobudowa Polska S.A. (HBP.WA) and many smaller ones to seek bankruptcy protection. Other construction companies, like Polimex-Mostostal S.A. (PXM.WA), are also under pressure and plan extraordinary measures to secure necessary liquidity.

The builders' problems are also expected to hit banking sector earnings as financial institutions involved in crediting infrastructure projects are already creating provisions for non-performing loans.

1450 net for me as a uni teacher. I consider it pro bono. Thank fcuk I have other sources of income.

damn, that's worse than I thought.

ok, and the average office worker in Warsaw makes 3500 to 3800 starting. meaning office support staff. and there are 228 pages of jobs waiting to be filled.

over 1300 offers for Gdynia.

6 pln per hour is ridiculous. my Ukrainian cleaning lady makes 150 pln per day and puts herself through school on the week ends. I think perhaps it is all in the desire to want more as compared to settling. Poles tend to get a job and hope to work at it until they retire. Park your brain jobs. And then there are those who work hard and want more from life than a cashiers position at biedronka.

is that what you mean? damn, so you guys need to speak several languages just to clean and cook (OK, forgot few other things too, sorry). I wonder how much they pay for it?

yes but that what she said. and teachers on less than 2000, which wouldn't even cover a mortgage for a family size apartment.

milky, do you believe that Polish apartment prices will fall to 2004 prices?

yes but that what she said. and teachers on less than 2000, which wouldn't even cover a mortgage for a family size apartment. Pip's cleaner earn twice as much as a teacher. Strange country.

teachers don't get paid well. this is world wide. except maybe in Scandinavia.

But I imagine teachers probably make more money in Warsaw than in other cities in Poland.

PIP PIP PIP
The average salary for an Irish teacher in 2008 was given as €55,916; while the current average salary of a teacher in Ireland is below €50,000.

However, the average wage of teachers across the OECD area is about €39,000

and the average in "booming Poland" is 6000 euro.


No, Maybe late 2006 prices

Same here. And that is a net amount too!

so a teachers earns almost twice as less as a cleaner. Something not right here. Can someone explain how a cleaner in Warsaw earn twice as much as a teacher in the rest of Poland.

You need to know how many hours a teacher works for the state and how many hours of private lessons they give.

You are not painting a true picture as usual.

so I better ring the OECD and ask them what the teachers earn from private lessons, this is a strange line of logic. When you hear about average earning, it means 39-40 hours a week,the rest is over-time. We all know in the west teachers make a fortune giving private lessons , 30-50 euro for private lessons in Ireland.

My question is for a flat week,


or does PIPS cleaner work 18 hours a day.

A full time teacher in a Polish school won't teach even half that.

There is also a big difference between money made by teachers and cleaning ladies.

Teachers at least in public schools are paid 12 months a year, get paid when sick, have retirement whereas cleaning ladies earn only when working. Teachers can also get credit whereas cleaning ladies cannot.

As to cleaning ladies, the hourly rate is in Warsaw 10-15 zl (see ads) (but I pay mine 20 and let her eat all she wants while at my place) so it is not sure that they make 150 zl per day every day. There are a lot of people bragging about making fast and easy and tons of money but the situation is very different.

You aren't going to get a halfway decent one for 10zl an hour. Mine gets 80zl for between three and four hours' work (depends how much ironing there is and how fast she moves). But she is so reliable that she has her own set of keys to my flat.

When I pay her 20 (for very light work only), I refer to the normal rates I see in ads (for instance Gumtree.pl) and I hear in expat community. She happens to be Polish but it does not matter to me where she is from.

we pay ours 150 pln and she works from 8 til about 2. She cleans everything and irons my husbands shirts. She also has keys to our place and when we leave the country she stays at our house and takes care of our dog--we pay her for that too.

we pay more than others. so for example- she works 5 or 6 days a week and makes a minimum of 100 per day. So that is minimum 2000 pln per month. she just moved into her own apartment with her daughter and she sends a lot of money home to the Ukraine to her grandchildren. I have no idea about her cost of living but she lives in a Warsaw suburb.

Sorry, if I made 6 pln per hour I would search very hard for a new job, Poles, generally speaking, have a tendency to work "park your brain" jobs with the hopes of getting a promotion--not very proactive.

Is 6 pln per hour even the minimum wage?

6 years ago when we had a nanny we paid her 8 pln per hour and then gave her a raise to 9. there are jobs out there that pay more- it is just a matter of looking.

2,000 zl per month seems reasonable for a cleaning lady. I'm not saying it's "too much" but I'm saying that it is credible. I assume "mine" must make the same.

No: minimum wage is about 50% more than that.

so, how many hours a week does a full time teacher work?? 39-40???


employers must be ignoring it so,,

They teach 18 hours a week.


Yes, either they are breaking the law or their staff are lying about wages or you are lying about wages: I wonder which it might be.

I said "work" not teach.


well, if people are curious,just ask the person serving your beer of coffee,how much they earn per hour.

Given that each 'hour' is actually 45 minutes, and preparation is usually doesn't take more than a third as much time as actually teaching, they will work about 19 hours per week (call it 18 hours for the teaching and prep, plus one additional hour of school duty). However the average will be a fair bit lower due to them only working 40 weeks a year.


And that person would never dream of saying a lower figure in the hope of getting a tip.

but wait staff pay is always on the low end of the scale- due to the tips. I have a friend who works in an Irish pub in Canada--on a friday or saturday night she easily clears 300 CDN in tips- and only a portion of this is claimed at the tax office. Wait staff in Poland do well here in busy restaurants. Just think about all the restaurants in Krakow rynek or Warsaw old town. those guys do well.

What is the difference in price between now and 2006?