Poland's apartment prices continue to fall

I agree with you 100% on the above, no better place to invest in Euroland than the ' Deutschland PLC '


Rents are capped in Germany; each city and municipality sets the maximum levels of rent (in euro/m2/month). Investors need to ensure they do not set rents above the values in the rent table (Mietspiegel) applicable to the area and the particular standard of property, otherwise they can face severe penalties in addition to being forced to return the excessive rents to the tenants. In some cases tenanted property offered for sale has rents set above the permitted values (to achieve a higher selling price). What may initially seem an advantage of high rental yield will likely turn into a serious problem for the new owner, causing a loss of revenue and possible legal repercussions.

germany.alphare.net/propMarket.php

Here is a Germen reseller below, although there are lots of UK resellers offering Berlin real estate and this is a warning sign when the sharks start to circle.

Reberlin.com

berlininvestment.com/about-us

well, if that's the case, be quite about your little engender views in relation to the UK being the mainland for Irish people, end of story. big Ego ??wtf ,


i agree

I wonder why Der Spiegel keeps lying every day, with rents "capped", how is this possible?

"The real estate boom is also beginning to spread to rental apartments. In the eastern city of Dresden, rents have gone up by almost 14 percent in only 12 months. This is how the inflation in asset prices ultimately affects the broader population. And the poor end up paying for the anxiety of the rich."

spiegel.de/international/europe/how-central-banks-are-threatening-the-savings-of-normal-germans-a-860021-2.html

I always thought it was a credible newspaper, still I suppose you know what you are talking about.

At least from my untrained eyes - Berlin has (at least) double the unemployment average of the rest of Germany and the city itself is well and truly lacking money. I really don't see any investment there being worthwhile, even if it's still Germany. The airport mess is just going to take even more money out of the city that it doesn't have.

Germany's legal code, which regulates the private rented sector, rents are capped at a % of valuation of the property. I have provided you with links which explains it to you very simply, as a real estate developer you understand.


I would expect more from you.


Just follow the list of best cities to live in and the you will see prices move on up.

smartplanet/blog/cities/top-10-best-and-worst-cities-to-live/3788
economist/blogs/graphicdetail/2012/07/best-city-world

Interesting idea - but who values the property?

I am not saying that I disbelieve you. I am just puzzled as to the conflict of statements.

Avalon- Delph - Read the link below it explains the reason the hikes in rent very well.

It turns out that the answer is relatively simple: There is a particular glitch in the system that allows certain rents to rise relatively sharply, relatively suddenly, and this then kick-starts a feedback cycle within the regulations that causes rents to inflate in the city as a whole. To understand the glitch, of course, one must first understand the system (which took me, personally, a while and several interviews to wrap my head around). So first, I'll give a quick and very general introduction. I will forewarn you that this is a little dry, but it's important. So I promise I'll make it quick if you promise to stick with me.

blog.bmwguggenheimlab.org/2012/05/teufelskreis-how-one-glitch-in-a-stiff-set-of-rules-makes-rocketing-rents-possible

This rule only applies to rental contracts once they exist. There is no rule governing new rental contracts. That means that when someone leaves their apartment and a new tenant moves in, the landlord can ask however much he wants for that apartment, regardless of the Mietspiegel, as long as the tenant is willing to pay it.

So what is the length of the average rental contract? 1 year?

It was mentioned as three years. I have also read somewhere if you offer short term contracts up to 6 months it is not included in the (Mietspiegel). The paradox is you raise the price of the rents and you drive up the price of the adjacent properties in the area as value is linked to (Mietspiegel).


Berlin beng voted as one of the best value cities to live in, has encouraged a lot of international companies to set up shop I guess this is the target market for some developers like the Dane in your original link.

It seems like short term leases are going to be the thing from now on. Perhaps thats why the Berliners are unhappy about the situation. If prices are rising as per the artical, Der Spiegel mentions 14% in Dresden, would you say that was abnormal?

I don't know anything about Dresden, so I could not comment on the increase of rents in Dresden. Berlin I am familiar with as I have friends there and I have visited many times.

My grandfather went there once. Pity I can't ask him.

A flying visit, was it?

Ive been looking at houses in Poland recently as im considering buying one, what you can get for 200,000 PLN in the country is quite amazing at the moment.

This kind of thing at165,000 PLN for example - klodzko.nieruchomosci-online.pl/dom,na-sprzedaz/5143434.html

Maybe,, that house is cheap because it's in an area that floods?


show me 5

That house is on a small hill. Even 2 meters would prevent it flooding.

Your obsession is quite transparent.

Damn fine house for the money, WB

Just giving a view, just know that place is famous for flooding, I would like to see more examples of houses that are under 200,000, that's all. Kisses to you.

There are thousands of these properties but not so cheap the bigger the town.

A house in the middle of no where is generally very cheap no matter were you are in the world, but in Poland they tend to be a lot more expensive than the above. Show me 5?

Its cheap because its near the mountains, hours from work in the city.

don't waste your time looking for links to support your claim. there are a few here that won't believe it anyway. i have posted more than five links to similar issue- and he still doesn't believe.

I'm not going to i don't really care if he believes me or not, im going to buy a house similar to that which needs some work regardless. We want a second house in the country and as near to the Sudetan mountains as possible. That one was one i fished out within about 30 seconds as an example for this thread, ive seen much better for similar prices.

Basically the rule is - if its a prewar German building they are unbelievably cheap, most need work such as new roofs and modernising, some are completely renovated.

A potential problem could be internet speeds, i know in some rural locations youre limited to around 1meg.

If he showed you 5, you would want to see 50, anything rather than buy a place and STFU

So go with satellite internet, problem solved.

no- there is still a limit.--with polsat anyway

Satellite internet is utter crap, in my opinion. I've got friends who have it, and it's just unusable for anything other than normal browsing. Skype is unusable, for a start.

Correct. 4g/5g is the way to go.

Warsaw prices in particular are falling / deflating / correcting quite significantly.

8571 zł/m² April 2008
6403 zł/m² September 2012

open.pl/news/ceny_mieszkan_mala_niespodzianka.html
open.pl/news/rekordowy_miesieczny_spadek_indeksu_cen_mieszkan.html

Dude where are you living in practical?even in suburbs you cant find for that price,I expect them to go down but not that steep maybe till 8500 psm in centrum max...and I dont fuging consult the links posted here etc but by practical knowledge