PolAmKrakow
1 Apr 2020
News / How hard will Poland be hit by the economic crisis? [116]
Cash is always king. Good times or bad. Those who prepare for these kinds of opportunities come out far ahead.
Fixed costs of rent will plummet in Poland. Prices already going down. Several places I looked at months ago, the real estate people are emailing begging for an offer. The over saturated housing market is about to get deeply cut. Developers who are not prepared are going to get killed. Here in Krakow it will be a buyers market come May 1.
Being a real estate agent, or holding a bunch of vacant property at this time is about the worst position you can be in. The longer this goes on, the more people need to sell to survive personally.
Some people call me a negative person because I always look for a bottom or worst case scenario. This is worst case scenario like never seen since the Depression, and will make 2008 look like a carnival.
Cash is always king. Good times or bad. Those who prepare for these kinds of opportunities come out far ahead.
Fixed costs of rent will plummet in Poland. Prices already going down. Several places I looked at months ago, the real estate people are emailing begging for an offer. The over saturated housing market is about to get deeply cut. Developers who are not prepared are going to get killed. Here in Krakow it will be a buyers market come May 1.
Being a real estate agent, or holding a bunch of vacant property at this time is about the worst position you can be in. The longer this goes on, the more people need to sell to survive personally.
Some people call me a negative person because I always look for a bottom or worst case scenario. This is worst case scenario like never seen since the Depression, and will make 2008 look like a carnival.