The main problem with Polish real estate inc of Warsaw is it is illiquid.There are still too many places being built and the market lacks any form of transparency.
I see.
And also, yes, I hear a lot about the CHF problem anecdotally.
An agent begged me to put an offer in at a certain figure on a house. I replied "the owner won't take it, it's silly". She said "Just offer it, he'll take it if it's there, I know him." Well, the owner didn't take it.
So I think many of the agents are finding things tougher and fear a stalemate.
Meanwhile, I note today the same flat for sale that didn't sell has come on with a new agent at 1% more than last month. Over the page, I see flat asking prices down (typically) 5 or 6% on a month ago. Properties I offered on many months ago are still unsold and relisted almost daily, mostly price unchanged on last year's or 2014 Q1's.