Real Estate /
Apartments too expensive for Poles living in Poland [54]
I believe you have misinterpreted the information but the artical is so badly written I have trouble myself fully understanding it.
I think the first problem is it just pushes figures and doesn't compare them to anything else.
I suppose 80% are ready to purchase!
It is not 80% of Polish people that are going to buy real estate.
From the article it is 80% of people that wanted to buy in the first place.
come on the Property rise!
I don't think prises will substantially rise or fall.
I think the article itself is misleading or just not well written:
As many as twenty percent of Poles who were planning to buy an apartment in 2009 abandoned the idea, shows a report by Gfk Polonia and Nowy Adres.
20% who were going to buy didn't
Almost 40 percent of potential buyers resigned from buying an apartment last year because of high prices, even though real estate prices dropped slightly during the economic crisis.
Now it is 40%
Twenty-three percent of people mentioned high interest rates of mortgage loans as an obstacle to purchase their own apartment, 19 percent did not buy because they were refused a mortgage and 14 percent because they were afraid of losing a job and not being able to pay back a loan.
23% plus 19% plus 14% is 56%
Add them all together and you get 116%
It could be saying that of the 20% that did not buy 40% of those did not buy because of W, 23% because of X, 19% because of Y and 14 % because of Z.
Which still only makes up only 96%, if it said that 4% is due to other reasons fine but it doesn't.