PLN 2,500 the going rate for an apartment in Poland

seems to me that there are too many people on this forum who think they know everything but in fact know nothing. Another post set to fuel the real estate market o yes,


Some properties get high rent returns others do not, lets not forget what the average wage is in Poland.

and that statement coming from you, thats truly ironic.

2500zł for a 60m2-flat in Kraków with everything paid ? Hmmm... given the crazy prices of estate in big Polish cities, it is not a rip-off by a specific owner, it's the just the exaggerated prices of the market considering the average Polish salaries. Personally I wouldn't pay for that.

I managed to find such a flat in Kraków Bronowice (not the outer part of Bronowice, but the part closer to the center) for 2000zł in a luxurious new block. It also included TV and internet, very convenient as everything worked on my day in and I avoided the hassle of signing up for my own "abonament", not even knowing whether I'd want to stay there after the first 6 months.

I wonder how estate prices will stay so high. I was told that in Kraków they went as high as 12000zł per square meter in some districts. That's insane because nothing justifies that. Kraków is great but it's only Kraków. Besides, new constructions are crap with cracks in plaster appearing after a year or less. My ex-girlfriend bought her flat in Krowodrza Górka in 2005 at 3000zł per square meter (paying cash with money she made working abroad). She was lucky for it was still correctly built. In the summer of 2008 she was telling me that now it went up at 7000-8000zł in her district.

Avalon has pointed out that new constructions aren't cheap. The main reason is that the bank keeps providing credit.

I have just rented three apartments in Krakow for a company. All of the apartments were rented directly with the owners and here are the prices.

150 sqm strefa B penthouse view on Wawel and wisla- 4,200 plz inc building fees, no parking. I saw the same place advertised by agents at 5,600 plz

56 sqm strefa B , gym and underground parking 3,000 plz inc building fees
60 sqm strefa B, standard flat with mod cons 1,600 plz inc building fees.

I have a fair amount of experience of renting properties in Poland, some in Wroclaw and some in Swidnica. Swidnica is terrible youre lucky to get 1000 PLN per month for 60 m2 there, the same in Wroclaw is 2000 PLN plus all day long.

Renting an apartment of 70 m2 or more in Swidnica is near on impossible.

I've heard every story in the book with regard to tenents not paying, storys like: my wife paid the rent but with the wrong account details, i thought it was 100 pln per week not 1000 pln / month, we dont actually live there anymore, etc etc.. Its an absolute mine field. We even had a pimp with prostitutes living in one and had to work with the police to nail a rapist.

Lol, you may learn something if you read what others have to say.

isn't it though?

Well its nowhere near 2500 euro if you want to use equivalence,maybe 1000...No one in Dublin is anway near as ripped of as this..

But i suppose they will squash 6 people in..what a mess you'd be better off in a hostel

2500 zł

this was the original post:

Well wages are at least 4-6 times higher in Dublin so im talking euro not zloty...Paying 2500 zloty in a Polish city would be like paying 2500 euro in Dublin except in Dublin it is closer to 1000..Outside of Dublin a 4 bedroom house to rent for a month is less than a weeks wages...

Scotland? ever looked at a map, especially a population density map? Scotland is a long way from anywhere and very lightly populated, of course its cheap to rent or buy. Northern Sweden is even cheaper - vast amount of empty space,

My GF apartment is a 70m two bed, communistic built block 10mins walk from the main square. She rented each room out for 1000pln per month to couples or pairs of girls. Previously she used the third room to live in as well. This is for an unmodernised apartment with 40 year old furniture. She has never had trouble getting willing tenants, its the location.

We are modernising it now and expect to obtain 2500 pln per month once completed (we will share it with new tenants).


The only reason you would need 150 year mortgage is if prices were so high because lenders gave you a 150year mortgage. Easy credit is the reason why house prices are so expensive, how much did houses cost when you could not get a mortgage? about the same as an average wage. When banks lend you 5-10 times your wage, that is how much your house will cost; if they lent you 100 times earning the houses would cost that much.

You would spend your life and more paying the bank interest and they would get the house back when you inevitable defaulted. Banks cannot lose.

If you look at job adverts in the UK they are requesting exactly the same..I suppose they feel like they're getting "quality" Its a bit of a joke really.

As for the Swedish system it makes perfect sense, unless you have 2 or 3 kids, in which case, who gets the house?


Not necessarily, prices become inflated and the housing market becomes unrealistic and people don’t really have a choice about what they pay - landlords and sellers dictate the prices - we used to say a house is only worth what you are willing to pay, well house prices increase, housing stocks become depleted (less to go around) therefore property becomes a valuable commodity which people start to pay more for, house prices have quadrupled in the UK over the past 10 years in some areas - strangely enough, salaries seem to have decreased in a lot of professions or not been in line with inflation.

<applauds>

spot on!

I say - bring back the mills, steelworks and mines - if the lazy and useless don't like it, then they need to be reminded of this: when there was plenty of work, a benefit culture didn't exist, and there were fewer muggers, drug dealers and ASBO scum.

So... what we need to do is this: We reopen the aforementioned industries, but we abolish the commie "nanny state" which makes it more profitable to get pregnant and date lazy junkie scum who sponge off the state, than it is to work and breed with hard-working, responsible, productive people. If you want money, you work - and if that means that you have to work 60 hours a week, then so be it. The alternative is starvation... just like it was when Britain was still "Great".

Obviously the Left will call me a "fascist", a "bigot", a "rascist" (sic) or a "Tory" for saying this, but I don't give a f***. Like every good Northerner, I speak as I find. And it was the North which made this country "Great", not the stuck-up cappuccino-sipping Southern chattering classes!

move to the usa if you think that system was so "great"

The US is a corporate welfare state. Capitalism died a long time ago.

corporate yes, social to the populous, not really..

I would agree with this if you could garauntee everyone a fair wage and fair prices, and the opportunities to develop ourselves. It's easy to call the younger generation lazy scumbags and everything, but ask yourself this: Do those young people you complain about really stand a chance when they are actually working for less than a minimum wage sometimes? How the hell are they supposed to rent or buy property if this keeps up? I mean, if honest work doesn't pay the bills anymore, and if honest work simply doesn't get you anywhere anymore, then don't blame the younger generation for screwing up. The rest of society also plays a role in this. It's not like the younger generation suffers from a collective lazy syndrome all of a sudden. When you tell young people honest work is the right thing to do, then show them a fair wage. Give them a fair chance. Make housing prices and rents affordable again. Some people can keep blaming the younger generation if that suits them, but I can garauntee all of them that their younger generation will not survive this way. If you think foreigners will save society, think again, because the exact same will happen to them once they wish to settle down.

I'm fine with criticism, but keep it fair. Some folks really have to acknowledge that some things aren't balanced anymore, lest things will only get worse.


Don't forget about the chronically ill, mentally ill and handicapped people. They deserve some humanity from the rest of us. So that's a big no to your starvation comment, which is far too simple. (In my opinion.)

:)

A-J (Would like fair wages and cheaper houses tomorrow!)

2500zl/mnth is quite a lot for a flat in PL. It must be a really nice/spacious flat in a better neighbourhood.

I agree with AJ here as for that other ape man Thatcher rant, what a load of b0l0x.
I think Poland could not be further from an equilibrium. It is still as much as ever Gods playground. Hijacked by the free market that manipulate the country as if its a game of monopoly.

I think its the eastern country that is been punished the most as its property purchasing section of the population is abroad earning a wage that is very far removed from the Polish salary. The hijacked property market is the spear in the side of Poland. Mean while they have a government that rallied under the flag of lets do as Ireland done, the blind leading the blind. I wonder what Donalds slogans is now "lets not do as Ireland done".

I firmly believe that Poland did not get the full effect of the world recession because its in an eternal recession. If your sleeping on the floor you cant fall out of the bed.

This roughly means 625 €. I would classify that as far too expensive for Poland's working class. (Not even talking about minimum wage there!)

*shakes head*

Well, I pay 950PLN for everything. I paid 700PLN for many years but the price of living has gone up, there is no avoiding it. 2,500PLN?? I'd expect sth special for that price! In Warsaw less but here for sure.

Elec, gas etc?

Exactly!! I have a very understanding landlord that was reluctant to hike up the prices for so long. It's only 30m2 but it has a very modern look to it.

Exactly what I paid in Krakow for brand new flat. Just to make sure the flat was 1800 per month but I shared with my best mate at the time.

Which roughly means 237 €. Sounds reasonable, if you take into consideration the Euro is about 4 times stronger. Correct me if I'm wrong, but don't you think this should be the average in Poland? I mean 2500 PLN a month? Even a Dutch person would call that pretty expensive for a flat!

:S

Around £220 that's not bad at all.

That's just ludicrous, I agree. It's designed for the mega earners.

So what do you think would be an affordable rent in Poland for the average income, Seanus?

:)

The apartment isn't meant for a cashier.


Sure, that's incredibly reasonably for an apartment half the size, unfurnished, not in the center of Wroclaw.

Reasonable is whatever the market will bear. If it's unaffordable, the apartment will sit empty until the prices go down. There are plenty of unfurnished holes in Krzyki that you can get for 1200 a month with everything paid.

Don't quite understand what the problem is. There are options. The apartment that was referenced here was 2500 a month, furnished, all bills paid, in the center, with no commission. Is it a bit high? Sure. Is it excessive for what was offered? I don't think so. Would it be excessive for a student, or a part time English teacher, or a cashier at Tesco? Probably. Would it be excessive for an engineer, a manager, a doctor, a lawyer, a pilot (we're hiring!), hell, a full time English teacher?