milky
9 Mar 2013
Real Estate / The current property boom in Poland is a bubble [342]
Maybe so, but the bubble has burst in reality and those yellowing posters are going to fall down soon. Prices are already back to 2006 except Poznan they are still at 2007 according to the article in the paper
But when you phone to enquire on price, you can see why the banners are yellowing or faded. If NBP reduces IRs, vendors who are leveraged will have even less pressure to sell -- the same disease as happened in Britain.
Maybe so, but the bubble has burst in reality and those yellowing posters are going to fall down soon. Prices are already back to 2006 except Poznan they are still at 2007 according to the article in the paper