Poland Real Estate 2013 -drops in offer prices, lack of liquidity indicate market crashing

InWroclaw 89 | 1910

15 Feb 2013 / #31

I'm almost tempted to up sticks and clear off to Warsaw! The prices here in Wroc are ludicrous sometimes. The one I told you above worked out at over 6600/m2 when they gave me the price and size. That's almost peak price. Is it a nice estate? No, not really. It's a mid-floor flat and absolutely nothing special at all.

(PS your link is not working, try mine below)

OP poland_

15 Feb 2013 / #32

nowywilanow.ql.pl/nowy-wilanow_47.html

pip 10 | 1658

15 Feb 2013 / #33

It is a huge drop for that area, but it is also saturated---however they still keep building and they still keep selling.

There is also a massive mall slated to be built here, it is supposed to be bigger than galeria mokotow, so I imagine the prices will level off.

Personally, I think miasteczko Wilanow is a clusterfcuk. The plan of it is a disaster. Funny thing- the American who planned it reckons himself to be a hero for doing the citizens of Poland a favour for designing the area. It is a mess. There is no parking, so people park on the streets so the streets are so narrow, the street numbers make no sense, there is only one entrance to the whole area from Konstancin and you have to do a u-turn. This area is one of my pet peeves.

OP poland_

15 Feb 2013 / #34

The plan of it is a disaster

The original plan was to have the village under some sort of balloon to create clean air, it was quite futuristic.The best laid plans...

At 5,000 PLZ per m2 its a good price for someone. If it is still available in one month we can firmly state there is no liquidity.

Here is a link to the PWC Jan 2013 report 2050 with a highlight on Poland.

pwc.com/en_GX/gx/world-2050/assets/pwc-world-in-2050-report-january-2013.pdf

bullfrog 6 | 602

17 Feb 2013 / #35

So we can say 75 families needing rental homes in Warszawa.

What kind of logic is this?? Based on the same reasoning, one could say that in Germany there are circa 10 foreign families needing rental homes! I am only here talking about the high end of the market, ie people ready to pay 15,000 PLN+/month for their house/apartment..

pantsless 1 | 266

17 Feb 2013 / #36

PLN 5000 per month inc bills for very nice 200sqm and small garden.

Is that for a detached house or blizniak/szeregowiec or apartment?

cms 9 | 1253

17 Feb 2013 / #37

its an end szerogowiec with a small annex built in the garden where my mother in law stays when she comes here :)

OP poland_

30 Jun 2013 / #38

I am only here talking about the high end of the market, ie people ready to pay 15,000 PLN+/month for their house/apartment..

You are only here talking up your own investment, therefore you are not neutral.

jon357 73 | 22663

30 Jun 2013 / #39

I am only here talking about the high end of the market, ie people ready to pay 15,000 PLN+/month for their house/apartment..

A tiny market in Warsaw and one that is saturated.