GodandBrown
1 May 2010
Real Estate / House prices in Poland to drop more or rise again? [228]
I am not sure - milky - if one can say it generally, that prices are falling. We decided against Warsaw last year because we felt a big bubble. You are probably right with you clear opinion. There is much speculation in the market and all negotiations we had there were characterised by the try to sell flats quickly. When checking the contract our lawyer said a clear no to sign in because there were so many questionable parts in the contract. The last what I heard was that big buildings like the Angel City in Cracow are still empty. There is obviously no demand at the moment.
I am not sure - milky - if one can say it generally, that prices are falling. We decided against Warsaw last year because we felt a big bubble. You are probably right with you clear opinion. There is much speculation in the market and all negotiations we had there were characterised by the try to sell flats quickly. When checking the contract our lawyer said a clear no to sign in because there were so many questionable parts in the contract. The last what I heard was that big buildings like the Angel City in Cracow are still empty. There is obviously no demand at the moment.