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

You have no idea what this means. You have never provided any links to facts. Everyone bar you and your make believe friends is a liar, so how do you have a debate or discussion with normal people?

Your just a self opinionated, twisted, bitter, nobody. And there endeth the sermon.

I'm currently looking for an apartent in Warsaw, I've been offered a few flats in the area between the Palace of Colture and the Arkadia Shopping Center, 50-55m2, furnished, new buildings, bills paid, security and underground garage more or less around the 2500pln per month.

Just for reference, a similar apartment in Milan would easily cost at least twice that money, all included.
The avg salary in Italy is 21k$ while in poland 13k$.

I don't think an average polish worker can afford a 2500pln apartment, at the same time an average italian can't affort a 1300€ one.

Aren't there alternatives in the suburbs?

so whats the latest on the massive property bubble in Poland??????

You still can't afford to buy?

I'm still wondering when you're going to tell Avalon about these 2000zl/sqm apartments in Krakow - I've agreed with him that I'll buy a share, too.

The latest is make an offer, you never know what they might accept. I did some mild research recently and most of the developments that were being sold off plan in Wroclaw 2007 are still on the market. Agents are still saying hardly any movement although prices remain stable following a cooling off period, i hear the main properties that are selling are small city apartments in the 200,000 - 300,000 PLN range.

I predict stagnation for the next foreseeable year, i don't think prices will drop much further, time will tell. Sellers vs buyers, you know what a stubborn bunch the Poles are when it comes to money. Next spring should see some movement and provide information for the next forecast.


Give it a rest this is not our resident PF property troll.

well in a country with an average industrial wage of 7500 euro,i thing for that price you would want to be getting a very large apartment or a house in the city centre.

On another point if Maslows hierarchy of needs is anything to go by it is quite strange how little discussion there is about the real-estate bubble and income levels in Poland.

This can only mean, as i have said earlier, there is simply far to little Polish people on this forum.

Whats that got to do with anything? you think they're going to say something different? the price is the price. Father in laws flat 90m2, small town, old communist block style sold 120,000 PLN. Grandfathers house needs serious renovation has 1 hectare of land 120 m2 living area 200,000 PLN sale going through right now. Inner city is whole new cup of tea.


You think wrong dude.

WB, what is a good price for a 50m2 place in Gliwice? What would you say, based on the current market state?

I think that personal income tax should be 5%, but that is not going to happen either.

Milky, you say you are Irish, which, should mean that your native language is English. Is this the case or are you just, poorly educated?

Thats to difficult to answer many factors come into play, first and foremost location, location, location, secondly new build or old, build quality, white finish / black finish, transport links, general area etc.

I dont really know the market in Gliwice but if its similar to Katowice and lets say a new apartment fitted out to a high standard and centrally located (im talking a stones throw from the Rynek) perhaps around 4500 PLN / m2 = 225,000 PLN for 50m2. Carry out research pick up the local nieruchomosci magazines and check out similar.

If you find something you like just make a low offer, maybe 20% below asking price, we can but try hey. Also buy a house with a garden if possible, if you can look a little further away from the city, thats the place to buy at the moment. Small city apartment or large house with land - outside a city for the same price, its a no brainer.

Aha, furnished or unfurnished?

No, black or white finish, new apartments are an empty shell, you have to install kitchens, bathrooms, interior doors, paint walls sometimes even radiators, thats a black finish. Costs about 30,000 PLN to complete a black finish apartment.

Well, 170,000PLN after installing everything seems to be ok then :) :)

Time will tell, the property bubble grew out of Poles working and pumping money in from abroad, the world down-turn may force the Poles back to their 7000 euro Polish jobs. This can only bring prices down.


maybe not, but they would be less inclined to side with the snarky sharky developers here, who claim that there was never a bubble to begin with and that Polish wages have hugely increased.


Is this the case all over Poland and its cities?? eg Lublin

I know personally the developers here and read these threads extensively and ive never heard one of them say anything like youve just described, we all agree as to the state of the property market in Poland.


Property prices are very difficult to predict, i know many that bought in the UK late 2008, theyre all wallowing in 20% negative equity right now. Some people myself included were prediciting a UK housing price crash since 2002. fact is if you bought then it would have been a good deal. Apartments may drop a little but not houses in the cities, theres not enough supply for demand.


Yes, with the exception of Warsaw, drive 20 + km's into the country and prices will drop significantly.

Fair enough,w Boy, but it is in a serious bubble.

Is it though? look at similar ie Croatia, Bulgaria, Hungary, Czech Republic all seen massive price increases over the past 6 years and stable right now. EU membership has its effects, sadly you missed the boat, rather than sit back and hope prices drop you may wish to get something moving if thats your intention.

I totally agree property prices soured well out of proportion here for a while, the big drop just hasnt happened as yet and now i cant see that happening, its been two and a half years since prices stagnated.


Only because they thought you were the property troll form Krakow, hes finally given up now and i know you are not him.

Property has seriously gone down in these countries especially hungary. The reason for the long saturation point in Polish property is due to the mass immagration. The Polish property prices are going down the slowest in area's like Lublin, as these are the places that had the highest immigration.


This is what they all said in Ireland for years and then bang. The Polish situation is how-ever completely different as it has nothing to do with the Polish economy. I personally know a lot of Poles here in Ireland who own property(s) back home. When and if these people return things will change.

Not from the reports ive seen, there are many factors and Poles working abroad sending money home is such a small piece of the pie. I mean come on theres what 2,000,000 Poles abroad from a population of 38,000,000 most of them will not have property in Poland they left just to put food on a plate let alone buy property and many have property issues and bills in their country of residence. How the hell are they going to fund property in Poland. I have major contacts within the industry and thats not the picture at all, someones been telling you porky pies.

Ive met many Poles working in Hotels and such in the UK and its always the same story "im here to earn money for investment back home, or i have business in Poland" thats total BS to hide the fact that their skint and having to work abroad to put food on a table.

If you worked abroad because you had no choice would you state the truth? i think not. Tales of business and property at home would be rife.....


yeh and saturation point was well above Polands current situation, i dont care about national averages either, thats not a reliable fact here. If i had a few hundred thousand zloty spare right now id buy in Poland.


As mentioned above their telling lies. Secondly not in a million years, if a factor was going to hit the market it would be the devaluing CHF (Swiss franc) exchange rate, 95% of mortgages taken between mid 2005 - 2008 were CHF and the exchange rate swang massively against the Zloty mortgage paying home owner for a long period. What happened? The bank capitulated knowing they would have 10's of thousands of defaults.

Polish property price crash! if it was going to occur it would have happened by now.

I forget exactly the % but in the 3 yrs 2005-07 Polish Property prices went up in 40%,60%, 70%. Was immigration not the big player here.If not please explain??

There was no Polish salary increase anywhere near this significance.

Some developments increased 250% within 2 years, i witnessed certain developments start price at sub 4,000 PLN / m2 then still selling two years later at 11,000 PLN / m2, and they were selling at that price too. What did property secrets call it the 200% club.

Immigration had little or NOTHING to do with it. Contributing factors were:

Polands EU accession
Massive overseas interest
Property investment hot spot
Availability of mortgages
CHF (Swiss franc) low interest mortgage
Massive interest form the indegenious population (the markets booming best buy now if you can)
Poles are moving abroad in their droves, buy now before they return
Poland will take on the Euro currency, buy now before the Euro

In hindsight the fact that millions of Poles relocated abroad only increased the property prices and was more argument to buy now before they return. The Poles that youve spoken too and own property have bought out of desperation.


Ask them if their willing to sell at a loss.


Well lets take the UK as a viable module, people are forever being priced out of the market, wages stay the same whilst everything else increases, whats the story on property there? The UK had a crash late 2008 but since then everything has increased in price without inline wage increases and property prices.... still 5 times (more like 6) the average annual salary for a mortgage.

The days of cheap property in Poland for investment are well and truly over, hopes of a crash are delusional im afraid. If you want to buy for investment, buy in the country.

You missed out the effects of hype and ******** coming from lying agents. I used to drink in the same bar where lots of people (mainly Irish but some Brits too) would come after a saturday of being shown flats by agent scum. They'd have tales of how they would be renting their new properties out to cover the mortgage or how they'd flip the properties as soon as the things were built etc etc. After I while I gave up trying to tell them that their agents were lying pondlife and just smiled while saying nothing. One of the few good things about the crash is that those agents are no longer around.

If you really think that then...............................discussion is pointless. Like telling a thirsty man in the desert that water is not the issue.
Immigration had nothing to do with property bubble.
Thats your view lets end it there.Agree to disagree. I"ve said all i can say in previous threads on the topic.

For a while it was true, perhaps not flipping but renting whilst the prices and mortgage rates were low. Pretty amusing post anyway and true to a certain extent.


Hey come on Milky Bar Kid dont be like that, im just putting my point across no need to get your knickers in a twist. If anybody else disagrees with me their welcome to their points of view, have i bullied you out of the point based on the fact that i live in Poland? You have your point i have mine, i am better placed than you but still no need to get all moody.


I could easily say the reverse, youve been arguing here for months with the others, ive only conversed with you for a few days.

Have a virtual beer from me my man. I doubt that will sweeten the taste of property prices in Poland but hey its a start, right..

Joker

That's a nice picture Milky, but i'm afraid it doesn't alter Polish property prices. Again i'm sorry if what ive told you is not what you wanted to hear.

thank you W Boy and cheers for the virtual pint and telling me what you wanted to hear..

OK dude youre more than welcome.

Merged: What is apartment property minimum rate in Poland?

Hello All,

I am just wondering how is apartment property minimum rate in Poland?
and which business is good in Poland

go to: olx.pl/nieruchomosci/mieszkania and then pick your city


The ones that make profit. So, every business really.