Poland's apartment prices continue to fall

Do you see any effort on behalf of the Uk Gov to bring house prices down? on the contrary propping up house prices at an unfordable level to FTB's is a core of all party's policies.

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If you read the angry 'priced out' buyers at HousePriceCrash.co.uk you will see they want cheaper houses not cheaper mortgages


Thats pure speculation on your part and ignores the Euro debt bank crisis which takes precedent over creating construction jobs.

Hard to say that anyone is being denied a right.

I want cheaper petrol but I'm not going to get it.


You think I am the only one ignoring the Euro debt bank crises? What do you think the European parliament is doing?

Who's speculation was it that all 17 members of the Euro currency could survive. I think you will find that they have already broken most of their own rules/laws and if it suits the EU commissions purposes, they will break many more. The project must succeed, no matter how many people get hurt.

I've already explained that consumables and fixed assets are completely different. Besides, they are getting cheaper houses and petrol will come down in price with the recession.


Getting more people to get in debt is not in anyone's benefit, they are introducing rules to stop property speculation. The Euro project will/must succeed and stopping borrowing is a key part of that.

Property prices are falling everywhere, you do understand that don't you?

They are falling in London? I think you are lying.

I think you still don't understand inflation. Inflation has devalued the £ by 25% since 2007 and London Prices have just about risen back to 2007 levels. But not inflation adjusted.

So yes, prices have fallen in London in real terms. In nominal numbers on average over ALL the UK, including London, they have fallen.

1.4 million people in Britain are falling behind with their rent/mortgage payments, according to a new YouGov survey for Shelter.

independent.co.uk/property/14-million-falling-behind-with-rent-and-mortgage-8438296.html

Thing is that our predictions are generally happening. I lost my bet to Harry and offered to pay him out but I think he got banned for some other misdemeanour. But even though they were not 20 percent down they were 7 to 15 depending on town and the 20 percent is a matter of time.

I also predicted that German stocks would be a good short term investment and you mocked me for it - and now it's 28 percent up whilst almost every housing market in the world is down.

A few years ago I said housing prices would be down 30 percent by euron2012 - I missed it by a few months but in lodz, Wroclaw, gdansk that is coming true.

And yes I have got first hand experience of getting a big discount off asking price. I just closed at almost 30 percent below asking price on a commercial property.

There is no reason for the gift to intervene - and why should it ? If the govt has to pay people to buy a companys products then that is the very antithesis of the market.

The only responses to milky remain personal ones - that he is lazy, that avalon is considerably richer than he is etc.

telegraph.co.uk/finance/economics/houseprices/9784736/House-prices-rise-1.3pc-in-December.html


I have always said that it is possible to pick up bargains, foreclosures and bankrupt stock, but this is not the norm in Poland. These are taken by the bailiffs and auctioned, with a starting price of two thirds the market value. this is the law in Poland. The one off bargain does not reflect the overall property prices. If you bothered to read what Richfilth posted, he has been looking for months and has seen no great appreciable falls in the area he is looking.

The fools that built in semi decent areas and tried to pass off properties as "luxury" are still trying to get rid of these properties and are taking huge hits so distorting the market reports.

These were overpriced anyway and I think the developers will not lose to much in the long run.
When you get down to the reasonable prices, you are not seeing the same.


They are introducing rules to stop the bankers gambling with their clients money, making bad investments and paying themselves huge bonuses

The UK is looking pretty stagnant at the moment.

Avalon is a developer.
the subjective opinion of one person? The facts speak for themselves, did you even bother to read it?
expander.pl/upload/PDF/Raport_Szybko_pl_Metrohouse_i_Expandera_-_grudzien_2012.pdf

There is a 17% gap between asking price and transaction price in Krakow and Poznan etc
w Poznaniu (-6,6 proc.).
Poznan saw a drop of 6.6 % in just one month (November 2012) and 3.5% drop same month in Wroclaw ,That is gigantic recent drop.

You yourself posted a little while ago, referring to Lublin. Quote " they fell 1.5% in October which is a massive drop for a place which has seen little or no falls since 2005.

That must be a killer. The one area that you want to buy into and the prices have not crashed.

Have you taken in to consideration Richfilth - may not be a friend of family - okazja properties do not reach the market, all real estate agents have a list of qualified buyers/investors. Avalon I will ask you avery serious question - why are so many private foreign real estate investors who have been in Poland since the early 90's, now selling up and relocating their investments out of Poland?

Why do private qualified real estate investors in Poland consider the residential market ' not liquid ' ?


Peterweg is correct, new laws in the UK are introduced to stop property speculation by overseas investors and the same will happen in all of EU 27.

So you admit they crashed in other cities in Poland??

If I were rich filth I would just walk into a few developers office, offer them what he thinks will fly e.g 15-20 percent less, leave his number and go for.a cuppa.. If he does that 5 times for sure he will get a bite, only proviso is that he should be ready with his funds to move quickly if someone says yes I.e. have his deposit ready and have identified a bank that will back him.

Probably because they now realise that Poland is going to accept the Euro as its currency. They thought the Polish government would pull back once they had the EU money, now they know the Polish politicians have been bought with a promise of the EU gravy train. While Poland has the Zloty it can support its own currency.


Because the banks are not lending. (BTW did you hear the news this afternoon. Basle is going to reduce the liquidity the banks are required to hold. I wonder why?, possibly they are not making any money charging 15 zloty a month to manage current accounts.)?)


WTF are you on about. New laws? do you mean higher stamp duty? who is trying to stop foreign investors buying property in London, Cameron is putting down the red carpet for the rich millionaires fleeing France.


Nice try. Thats not what I said and you know it.


Maybe he is stupid and has not thought of doing this, not for me to say. Perhaps you could advise him directly?

I believe these people would already be aware of the Euro/Plz adoption rate, that aside when countries adopt the Euro there has been inflation of about 10%, inclusive of real estate.


I mean exactly as I stated the UK gov is cutting out tax loopholes for foreign buyers especially those feeding the real estate frenzy in Ldn.

The UK is increasingly turning into a property speculators' haven, thanks to tax loopholes and the offshore secrecy offered by the British Virgin Islands (BVI) that hides many property transactions. We disclose the identities of some of the people secretly buying up Britain.

The Guardian's investigation with the Washington-based International Consortium of Investigative Journalists (ICIJ), covering nearly 60 sample premises, shows how anonymous buyers are taking over more and more blocks of luxury housing.

guardian.co.uk/uk/2012/nov/26/secret-offshore-firms-fuel-london-property

minus inflation = fall.

I should have guessed.


+ bonuses+black economy+tax evasion=+......only the poor suffer from inflation.

hahaahahah not happening. Did you hear the news? Delayed to 2014 hahahah This will probably spoil your year.

serwisy.gazetaprawna.pl/nieruchomosci/artykuly/675199,raport_z_rynku_nieruchomosci_styczen_2013_juz_bez_rodziny_ceny_nadal_spadaja.html

This link shows the predictions of those involved in real estate for 2013. Looks like large falls are set to continue.

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Poland property: have we seen the bottom?




Spot the obvious anomaly, wages have risen about 25% since 2006.

Goodness, this nearly makes one wish to ambulate along the yellow brick road of dreams. I've been on five continents and Warsaw has always been the capitol of my heart. If one could take his granddaughter, he'd leave here within a month.

This brings one to a connecting interesting topic. In our city there are ethno clubs and/ or restaurants for the French, Canadians, English, Serbians, Italians, Polonians, Magyars and others. In one club we have what is known as snow birds. Folks go to Polska and return here during your three or four winter months.

Recently we met two couples that sold everything, after being in the USA for decades. Within a few years they returned. Why? Your cold weather. One fellow had to either return or obtain a divorce. Others visit for months and return to our warn region (due to a love for children and grandchildren).

So has inflation...

has long way to go before it bottoms out,,a couple of years maybe, who knows

Met a guy last night who bought an apartment in Swiss francs 5 years ago for 300,000 zloty. He now wants to sell it for 200,000 because he is in the sh1t due to the present exchange rate. However, the bank were he got the mortgage will not allow him to drop the price from 300,000 zl. So he is caught between a rock and a hard place. This might explain why the bubble is deflating so slowly. Is it possible for a bank to prevent you from selling at a logical price?

So he bought at the top of the market and now its not worth so much, that's news?


Depends on how much he owes the bank and if its less, they may want assurance that the full money owed goes into their account before the deeds are released.

yes or no?

Maybe Americans should first move to somewhere in southern Canada... because it seems that there is a misconception around the weather around here... When I see from time to time that some america expact is surprised that there is radiator in every room in Poland then I think that someone didn't prepare himself ;)

What can we do? We burn a lot of coal to speed up global warming but it seems to be counter-effective ;)

edinformatics.com/real_estate/real_estate_bubble.htm

Property prices down 14% in lublin over the last 12 moths.
youtube.com/watch?v=K-BZIWSI5UQ