wielki pan
21 Jan 2012
Real Estate / Residential real estate values go down in Poland [455]
news to me, please explain?
Even the oil industry admits that climate change is man-made.
news to me, please explain?
wielki pan
21 Jan 2012
Real Estate / Residential real estate values go down in Poland [455]
Well Mr D where do I start, firstly you reasoning is that of those snotty nosed communists who governed Poland in the 70's, only a small percentage of people can do well in Poland that's why so many people went to the west for a better lifestyle, one of the benefits of living in a democratic country is that people can survive on a basic wage without the need to work overtime, you may want to work all day and night but don't impose this on other people who want to have a quality lifestyle. One of the main reason why you were successful (and others moving to Poland) was the fact that you were able to use saved income as opposed to the average pole who struggle week by week to make ends meet and had nothing. Secondly Mr D to understand the housing market in Poland you need to know what happened in Poland in the 80's and post communist times. You say poles had a lot of zlote but had nothing to spend it on, some poles had money, most had nothing. You also forget the pewex stores where everything was available, interesting enough the zlote is still worthless outside of Poland. You don't understand that the US dollar was the de facto currency in Poland in those times, 2 rates of payments for locals and ones from people from the west for example if you stayed at a hotel a local would pay in zlote and a tourist in US dollars, this would translate in a local paying 1$ a night to a tourist paying 100$.
D its sometimes very hard for a person with a full stomach, cigar in one hand and a fist load of dollars in the other understand the plight of somebody who has nothing.
Well Mr D where do I start, firstly you reasoning is that of those snotty nosed communists who governed Poland in the 70's, only a small percentage of people can do well in Poland that's why so many people went to the west for a better lifestyle, one of the benefits of living in a democratic country is that people can survive on a basic wage without the need to work overtime, you may want to work all day and night but don't impose this on other people who want to have a quality lifestyle. One of the main reason why you were successful (and others moving to Poland) was the fact that you were able to use saved income as opposed to the average pole who struggle week by week to make ends meet and had nothing. Secondly Mr D to understand the housing market in Poland you need to know what happened in Poland in the 80's and post communist times. You say poles had a lot of zlote but had nothing to spend it on, some poles had money, most had nothing. You also forget the pewex stores where everything was available, interesting enough the zlote is still worthless outside of Poland. You don't understand that the US dollar was the de facto currency in Poland in those times, 2 rates of payments for locals and ones from people from the west for example if you stayed at a hotel a local would pay in zlote and a tourist in US dollars, this would translate in a local paying 1$ a night to a tourist paying 100$.
D its sometimes very hard for a person with a full stomach, cigar in one hand and a fist load of dollars in the other understand the plight of somebody who has nothing.
wielki pan
20 Jan 2012
Real Estate / Residential real estate values go down in Poland [455]
Mr D, thanks for your comments but I beg to differ on many points, firstly my auntie was offered a flat approx 35sq metres in the main street, of Gdnia, she showed me the paper work and I'm almost certain it was for 970 US dollars, that was in the early 80's, the place is probably now worth approximately 350,000 zl... The only way she was able to buy the flat was to ask a relative who was living overseas, In the 80's Poland was in dire need of US currency, you may remember that when a person was visiting Poland he would have to pay up front US dollars for every day he has in the country, he would in turn receive 35/60 zlote for one US dollar, as he entered Poland he has harassed by money traders who would offer him 400/600 zlote for one US dollar, Drunks would approach you to change 1 dollar so they could go to the Pewex Shop and buy vodka, which was cheaper in that store than in a Polish Shop for zlote (the cost was 1 dollar for half a litre) Now the point I was making is that most Poles could not afford to pay a high price for a flat so 970$ seemed to form a bench mark, remember foreigners were not allowed to buy real estate etc. So please don't say local Poles got flats for peanuts, must couldn't afford to pay for them anyhow. Remember also that the local authorities had no money to maintain these flats so it was in there best interest to give them back to the public. One other point is that those flats which hold thousands of people are in fact worth nothing as it has no real estate value (minimal) and all they worth is a few bricks and a few windows.
Actually - they weren't. There were plenty of flats that were privately owned during Communism - many of the "Spoldzenia MIeszkanowa" type flats were bought upon construction. The real problem is - as I said - the younger generation is priced out of the market by a squeeze of those with foreign income and older people who are inheriting flats.
Mr D, thanks for your comments but I beg to differ on many points, firstly my auntie was offered a flat approx 35sq metres in the main street, of Gdnia, she showed me the paper work and I'm almost certain it was for 970 US dollars, that was in the early 80's, the place is probably now worth approximately 350,000 zl... The only way she was able to buy the flat was to ask a relative who was living overseas, In the 80's Poland was in dire need of US currency, you may remember that when a person was visiting Poland he would have to pay up front US dollars for every day he has in the country, he would in turn receive 35/60 zlote for one US dollar, as he entered Poland he has harassed by money traders who would offer him 400/600 zlote for one US dollar, Drunks would approach you to change 1 dollar so they could go to the Pewex Shop and buy vodka, which was cheaper in that store than in a Polish Shop for zlote (the cost was 1 dollar for half a litre) Now the point I was making is that most Poles could not afford to pay a high price for a flat so 970$ seemed to form a bench mark, remember foreigners were not allowed to buy real estate etc. So please don't say local Poles got flats for peanuts, must couldn't afford to pay for them anyhow. Remember also that the local authorities had no money to maintain these flats so it was in there best interest to give them back to the public. One other point is that those flats which hold thousands of people are in fact worth nothing as it has no real estate value (minimal) and all they worth is a few bricks and a few windows.
wielki pan
18 Jan 2012
Real Estate / Residential real estate values go down in Poland [455]
[quote=delphiandomine]Exactly. As it stands - the nephew can give Babcia a small amount of cash, she can buy the flat - and the nephew can sell it for a handsome profit once Babcia dies. An utter joke in every sense of the word - especially with young people struggling to buy accommodation. I have no issue with Babcia staying there, but when she goes, the flat should return to the State - and - crucially - be awarded not only on the basis of need, but also the basis of deserving.
Mr D, firstly you have a very simplistic opinion view on housing problems in Poland, secondly your belief of state control smell of returning to the bad days of the 50's. Babcia purchased her property at market value of that time, to Westerners this was peanuts. The real problem with the price of homes is the fact that people from the West (people like yourself) bought properties at inflated prices and these prices have set a bench mark, in reality this bench mark is artificial and unrealistic as compared to average wages, this also reflects the high price of renting. Poles for a generation were forced to rent from the state and now want to be home owners overnight, this is not going to happen, it will take a generation to advance from renting to owning and Poles need to take a reality pill to get to grips with this. Germany has a high percentage of people who rent. May I suggest people start with the purchase of a small apartment and then think about upgrading if and when they can afford it. The more people from the west enter the Polish Real Estate market the harder it will be for locals to purchase housing.
[quote=delphiandomine]Exactly. As it stands - the nephew can give Babcia a small amount of cash, she can buy the flat - and the nephew can sell it for a handsome profit once Babcia dies. An utter joke in every sense of the word - especially with young people struggling to buy accommodation. I have no issue with Babcia staying there, but when she goes, the flat should return to the State - and - crucially - be awarded not only on the basis of need, but also the basis of deserving.
Mr D, firstly you have a very simplistic opinion view on housing problems in Poland, secondly your belief of state control smell of returning to the bad days of the 50's. Babcia purchased her property at market value of that time, to Westerners this was peanuts. The real problem with the price of homes is the fact that people from the West (people like yourself) bought properties at inflated prices and these prices have set a bench mark, in reality this bench mark is artificial and unrealistic as compared to average wages, this also reflects the high price of renting. Poles for a generation were forced to rent from the state and now want to be home owners overnight, this is not going to happen, it will take a generation to advance from renting to owning and Poles need to take a reality pill to get to grips with this. Germany has a high percentage of people who rent. May I suggest people start with the purchase of a small apartment and then think about upgrading if and when they can afford it. The more people from the west enter the Polish Real Estate market the harder it will be for locals to purchase housing.
wielki pan
17 Jan 2012
Real Estate / Residential real estate values go down in Poland [455]
D thats a pretty harsh comment to make, to be honest I agree with cms, if you don't live in Warsaw you going to firstly find it hard to get a high paying job and most of Poland is made up of small towns, if a couple could muster up say 4000zl a month, take out living costs, rent etc and I doubt if you would have much change. To borrow 300,000zl would be a suicidal as monthly repayments would be in the range of 3000zl. All said and done why is there so much obsession about home ownership as people in other countries rent, take Germans for example.
Much of the problem is due to people wanting only the best and not being willing to work hard enough to get it.
D thats a pretty harsh comment to make, to be honest I agree with cms, if you don't live in Warsaw you going to firstly find it hard to get a high paying job and most of Poland is made up of small towns, if a couple could muster up say 4000zl a month, take out living costs, rent etc and I doubt if you would have much change. To borrow 300,000zl would be a suicidal as monthly repayments would be in the range of 3000zl. All said and done why is there so much obsession about home ownership as people in other countries rent, take Germans for example.
wielki pan
16 Jan 2012
Real Estate / Foreign investor, properties in Poland, walk away from mortgages? [209]
Who has given you advice about the value of your apartment? first time I've come across somebody in this situation. Where is your property?
Today you have a loan the is twice and high as the value of your house or apartment
Who has given you advice about the value of your apartment? first time I've come across somebody in this situation. Where is your property?
wielki pan
10 Jan 2012
Real Estate / Residential real estate values go down in Poland [455]
Assuming that your flat is now worth 350,000zl and thats a big IF... 200,000zl over a 11 year period is nothing to write home about. (I wonder how much the tax man got and other costs not to mention the stress factor)
The flat is 50sqm, in a reasonable area, 4km from centre of a big town. bought in 2001 for 150.000
Assuming that your flat is now worth 350,000zl and thats a big IF... 200,000zl over a 11 year period is nothing to write home about. (I wonder how much the tax man got and other costs not to mention the stress factor)
wielki pan
10 Jan 2012
News / Polish prosecutor 'shoots self after news conference' [93]
D when you see the video and hear his introduction its a pretty poor reflection of what is truth, to me he was saying that he was loyal to the military and wasn't going to say anything bad...Polish people would prefer to know the truth..I suppose being loyal is the price you pay when you have higher rank in the military.
Personally, I'd have loved it if he admitted that the military was in a shocking state
D when you see the video and hear his introduction its a pretty poor reflection of what is truth, to me he was saying that he was loyal to the military and wasn't going to say anything bad...Polish people would prefer to know the truth..I suppose being loyal is the price you pay when you have higher rank in the military.
wielki pan
10 Jan 2012
News / Polish prosecutor 'shoots self after news conference' [93]
[quote=delphiandomine]Suicide (in their minds) might very well be better than being sacked in disgrace.
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He should have come out and told the truth, he would then become a national hero..
[quote=delphiandomine]Suicide (in their minds) might very well be better than being sacked in disgrace.
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He should have come out and told the truth, he would then become a national hero..
wielki pan
10 Jan 2012
News / Polish prosecutor 'shoots self after news conference' [93]
Now thats a tall comment Mr D... do you know something we don't...to me its another sign of corruption and as always the mighty dollar lurking in the background...
Given that Smolensk exposed a culture of sloppiness, half-heartedness and general incompetence - I'm not surprised that military guys saw suicide as a realistic option.
Now thats a tall comment Mr D... do you know something we don't...to me its another sign of corruption and as always the mighty dollar lurking in the background...
wielki pan
10 Jan 2012
Life / Who's Leaving Poland? [138]
Pip they say that if you haven't made home in your first 2 years you never will, returning to Canada will even be worse as a lot of water has passed under the bridge in that time and everything is different, best make the best of Poland... Good Luck
"DUH!"
At this moment I am very homesick and I think daily about moving back to Canada- and if we would be able to maintain our same standard of living? (we don't live extravagantly but we do pay for private school, mortgage...etc)
Pip they say that if you haven't made home in your first 2 years you never will, returning to Canada will even be worse as a lot of water has passed under the bridge in that time and everything is different, best make the best of Poland... Good Luck
who woulda thunk it!
"DUH!"
wielki pan
9 Jan 2012
Life / Who's Leaving Poland? [138]
The quality of life is excellent if you have the money, a lot of our foreign friends living in Poland would be living like paupers if they remain in there own country. Hospital and Health services for the rich is not a problem, One thing is lacking in Poland is organisations who would get things moving in Poland, ie a group of real estate agents who would put pressure on the government to change all the red tape associated with real estate transactions. People like you should be involved in politics especially local government, there is a real need to change all the bureaucracy, Poland needs to adopt a more self regulated system. The days of making a quick buck is well and truly over, you now have to work for it, Poland is still a good place to give it a go.
When you retire, you choose a country that has a good infrastructure, especially hospitals and health service. Although Poland is cheap and real estate is still affordable to many, it still does not offer the quality of life you consider normal in many other countries
The quality of life is excellent if you have the money, a lot of our foreign friends living in Poland would be living like paupers if they remain in there own country. Hospital and Health services for the rich is not a problem, One thing is lacking in Poland is organisations who would get things moving in Poland, ie a group of real estate agents who would put pressure on the government to change all the red tape associated with real estate transactions. People like you should be involved in politics especially local government, there is a real need to change all the bureaucracy, Poland needs to adopt a more self regulated system. The days of making a quick buck is well and truly over, you now have to work for it, Poland is still a good place to give it a go.
wielki pan
8 Jan 2012
Life / Who's Leaving Poland? [138]
Now Wedle these comments may not go down well with a lot of people, I can understand where you are coming.
Firstly Poland is a good place to retire in as prices for food/travel and real estate is pretty cheap. the weather is probably too cold for most to handle, the people are good and its pretty safe. The negatives is the Polish mentality especially when it comes to business and business practice, money money seems to be on the minds of most poles.
The red tape and lack of accountability in government departments is something unacceptable, (I'm still waiting for 15 months for a building permit) excuses and excuses) now secondly Wedle this may upset you but you bought up at a time where everything was bargain basement, now that this has changed you cry poor, you need to take the good with the bad and put back into Poland what you have reaped. Apart from the multi national companies in Poland who seem to be doing well, you wonder how well small business is doing, taking into account the amount of restaurants that come and go!
Poland was only about money and making it quickly, the country no longer offers the same opportunities as it did,
Now Wedle these comments may not go down well with a lot of people, I can understand where you are coming.
Firstly Poland is a good place to retire in as prices for food/travel and real estate is pretty cheap. the weather is probably too cold for most to handle, the people are good and its pretty safe. The negatives is the Polish mentality especially when it comes to business and business practice, money money seems to be on the minds of most poles.
The red tape and lack of accountability in government departments is something unacceptable, (I'm still waiting for 15 months for a building permit) excuses and excuses) now secondly Wedle this may upset you but you bought up at a time where everything was bargain basement, now that this has changed you cry poor, you need to take the good with the bad and put back into Poland what you have reaped. Apart from the multi national companies in Poland who seem to be doing well, you wonder how well small business is doing, taking into account the amount of restaurants that come and go!
wielki pan
8 Jan 2012
Law / Poland's Zloty 43% undervalued [30]
Now Pip no need for this, I haven't come down in the last shower nor am I wet behind the ears, I have seen these security guards at parking lots, best description given as a few men around a small table, empty vodka bottles and a old style gas burner near by, I haven't seen too may old retired types working at supermarkets or department stores mainly young rambo types... I was only trying to point out that those million of ex soldiers police cannot all be employed as security guards...Those comments may indicate the high crime rate in Poland and further indicate how inadequate the pension is when you retire!
like Harry said- perhaps you should visit before you comment.
Now Pip no need for this, I haven't come down in the last shower nor am I wet behind the ears, I have seen these security guards at parking lots, best description given as a few men around a small table, empty vodka bottles and a old style gas burner near by, I haven't seen too may old retired types working at supermarkets or department stores mainly young rambo types... I was only trying to point out that those million of ex soldiers police cannot all be employed as security guards...Those comments may indicate the high crime rate in Poland and further indicate how inadequate the pension is when you retire!
wielki pan
7 Jan 2012
Life / Automobiles vs. Pedestrians in Poland [77]
Whereas I agree that roads and vehicle play a important part in reducing road accidents, zero tolerance by the Police would also help, road deaths in advanced countries have decreased due the skill of ambulance and high level of care at hospitals....I do think Polands level of a ambulance and hospital care is that crash hot! (no pun intended)
Their studies shows that the first two criteria are the cause of only 10% of all accidents or collisions. According to them the most common causes of accidents are speeding, alcohol, bravado. Source (Polish only).
Whereas I agree that roads and vehicle play a important part in reducing road accidents, zero tolerance by the Police would also help, road deaths in advanced countries have decreased due the skill of ambulance and high level of care at hospitals....I do think Polands level of a ambulance and hospital care is that crash hot! (no pun intended)
wielki pan
7 Jan 2012
Law / Poland's Zloty 43% undervalued [30]
I'm not holding my breath....the US dollar is around 3.6zl
I believe the PLN will not gain in value until late march 2012, just before Euro 2012, we will see it back at 3.8-4 PLN/Euro
I'm not holding my breath....the US dollar is around 3.6zl
wielki pan
5 Jan 2012
News / Poland being the powerhouse of Europe [40]
lol, this may be a short time growth, but it will soon crash!
My business in Poland is actually growing at the moment. I work in a construction and manufacturing related industry.
lol, this may be a short time growth, but it will soon crash!
wielki pan
4 Jan 2012
Law / Poland's Zloty 43% undervalued [30]
sure that is right, it seems that most Poles are employed in the security industry, crime figures must be pretty bad.
sure that is right, it seems that most Poles are employed in the security industry, crime figures must be pretty bad.
wielki pan
4 Jan 2012
Law / Poland's Zloty 43% undervalued [30]
This may be the case of a some people, but the greater majority live off the pension, selling a few mushrooms or berries may be the only time they can earn extra money, Mr D do you read the newspapers, Poland has a unemployment to the tune of 11%, your post makes me laugh, are you telling me that things are so bad that they employ guards at car parks.
Other items are cheaper in Poland than the US does this mean that the Polish Zlote is overvalued? When is the price of a hamburger going to determine the price of the Zlote.
that gives them over 5000zl a month with only the bills to pay.
This may be the case of a some people, but the greater majority live off the pension, selling a few mushrooms or berries may be the only time they can earn extra money, Mr D do you read the newspapers, Poland has a unemployment to the tune of 11%, your post makes me laugh, are you telling me that things are so bad that they employ guards at car parks.
In Poland, the cost of the McDonald's sandwich is zł.8.80. That price translates to $2.55, which means the cost of the burger is about 43 percent lower in Poland than in the US. This in turn indicates that the złoty is undervalued by about 43 percent against the dollar
Other items are cheaper in Poland than the US does this mean that the Polish Zlote is overvalued? When is the price of a hamburger going to determine the price of the Zlote.
wielki pan
2 Jan 2012
News / Amnesty to Illegal immigrants in Poland [102]
Mr D I bet you pay little or no tax and charge top dollar for your services, I didn't know you were Jewish! In the US the rich pay no tax or are able to claim tax concessions, I cannot see your logic.
It's good that they don't pay tax to pay for the services that they use?
Mr D I bet you pay little or no tax and charge top dollar for your services, I didn't know you were Jewish! In the US the rich pay no tax or are able to claim tax concessions, I cannot see your logic.
wielki pan
31 Dec 2011
Real Estate / Property taxation in Poland and inheritance (obligated by law to pay)? [32]
what utter nonsense, the fact remains that property investments is the most secure form of investment, sure there may be a down side but that's the nature of the investment, to rely of currency fluctuations is to open a new can of worms, I've know people who were set on fire at the thought of dealing with the currencies market that they are now either bankrupt or with there maker as the stress was too much, you my good sir are in the same boat if you continue with such nonsense.
If I was in Par's shoes I would sell up sooner rather than later, and certainly not hold out hope for a second Polish housing boom.
what utter nonsense, the fact remains that property investments is the most secure form of investment, sure there may be a down side but that's the nature of the investment, to rely of currency fluctuations is to open a new can of worms, I've know people who were set on fire at the thought of dealing with the currencies market that they are now either bankrupt or with there maker as the stress was too much, you my good sir are in the same boat if you continue with such nonsense.
wielki pan
31 Dec 2011
Real Estate / Property taxation in Poland and inheritance (obligated by law to pay)? [32]
Doubt if this would occur for a few good years. The US dollar has always been around the 3zl mark, no matter how good the economy is in Poland this will not change. In the short term Poland will look to having increased unemployment.
), but we might see a 25% gain in the zloty within a year if they fix the euro.
Doubt if this would occur for a few good years. The US dollar has always been around the 3zl mark, no matter how good the economy is in Poland this will not change. In the short term Poland will look to having increased unemployment.
wielki pan
31 Dec 2011
Real Estate / Property taxation in Poland and inheritance (obligated by law to pay)? [32]
Your talking like a cowboy real estate agent ready to take advantage of somebody who hasn't accessed accurate information, firstly you don't know where and the condition of the apartment, it may be in a perfect location and well maintained. Best advice would be to let it out to family or friends at a norminal price (cover all costs) and wait till the real estate market takes on.. could be a wrong decision to sell just now.
What do you base your assumption on Par, Polish real estate prices are on their way down I do not see any fundamental reason for real estate prices to rise quite a bit over the next 2-3 years.
Your talking like a cowboy real estate agent ready to take advantage of somebody who hasn't accessed accurate information, firstly you don't know where and the condition of the apartment, it may be in a perfect location and well maintained. Best advice would be to let it out to family or friends at a norminal price (cover all costs) and wait till the real estate market takes on.. could be a wrong decision to sell just now.
wielki pan
30 Dec 2011
Real Estate / Residential real estate values go down in Poland [455]
You may be right but 99.99% of real estate advisers would disagree...
Exactly house prices are NOT in fact determined by the balance of supply and demand, but by how much money lenders are willing to lend
You may be right but 99.99% of real estate advisers would disagree...
wielki pan
30 Dec 2011
Law / Minimal retired pay - how much in Poland? [10]
Come to think of it you may be right, I know that the good Generals pension was reduced from 8500 to 4500zl, now when you think about it that's not much for a person holding the greatest power in Poland, in real terms and compared to other leaders retiring in other countries it could only be described as peanuts, retiring military officers would get much, much less, like I mentioned before living on a pension is a hard call in Poland, working on the black market for a few zlotes must be humiliating to say the least.
Related: How much money one needs to retire in Poland for another 50 years?
About 3 mln PLN assuming you need on average 5K PLN per month for various expenses. But it all depends on what you are used to. Oh, and I do not factor in the effect of compound interest here.... in that case the amount would be somewhat lower but pls run your own calculations. :-)
Actually, if I recall rightly, Jaruzelski (and the others) had much of the pension restored to them as it was an unconstitutional move to cut their pensions - he's actually getting closer to 9000zl a month these days. There was a cut for ex SB-types, but they tended to acquire things during Communism anyway.
Come to think of it you may be right, I know that the good Generals pension was reduced from 8500 to 4500zl, now when you think about it that's not much for a person holding the greatest power in Poland, in real terms and compared to other leaders retiring in other countries it could only be described as peanuts, retiring military officers would get much, much less, like I mentioned before living on a pension is a hard call in Poland, working on the black market for a few zlotes must be humiliating to say the least.
Related: How much money one needs to retire in Poland for another 50 years?
I always wonder how much money would one need to comfortably(normally) retire in Poland for a maximum of 50 years,with a paid off place to live.I am talking of a normal living with a small car to commute esp in Warsaw vicinity.
About 3 mln PLN assuming you need on average 5K PLN per month for various expenses. But it all depends on what you are used to. Oh, and I do not factor in the effect of compound interest here.... in that case the amount would be somewhat lower but pls run your own calculations. :-)
wielki pan
29 Dec 2011
Law / Minimal retired pay - how much in Poland? [10]
Now Mr D I think its back to the classroom for you, considering the fact that general jaruzelski is getting only 4500zl a month on his retirement pension, I don't think a thug employed by the UB or other security force who belief was that his hands were made exclusively to beat people would get much more...the fact remains that previously the pension system provided for basic needs but now with goodies of live like TV, computers, mobile phones, the pension is just not enough...Polish people are still reluctant to invest in the future, like compulsory superannuation payments and until this occurs Poles retiring will find it tough.
A small percentage?
Now Mr D I think its back to the classroom for you, considering the fact that general jaruzelski is getting only 4500zl a month on his retirement pension, I don't think a thug employed by the UB or other security force who belief was that his hands were made exclusively to beat people would get much more...the fact remains that previously the pension system provided for basic needs but now with goodies of live like TV, computers, mobile phones, the pension is just not enough...Polish people are still reluctant to invest in the future, like compulsory superannuation payments and until this occurs Poles retiring will find it tough.
wielki pan
28 Dec 2011
Law / Minimal retired pay - how much in Poland? [10]
Communist amount to a small percentage of the population and even so what they get is not much, the vast majority of pensioners get around the 1000zl mark. (how they make ends meet is the million dollar question)
Communist amount to a small percentage of the population and even so what they get is not much, the vast majority of pensioners get around the 1000zl mark. (how they make ends meet is the million dollar question)
wielki pan
28 Dec 2011
Law / Minimal retired pay - how much in Poland? [10]
How long is a piece of string? Polish pensioners get 900zl a month approx... For a person moving into Poland and after purchasing a house and car, I would suggest in the vicinity of 4000zl a month for a basic lifestyle.
How long is a piece of string? Polish pensioners get 900zl a month approx... For a person moving into Poland and after purchasing a house and car, I would suggest in the vicinity of 4000zl a month for a basic lifestyle.
wielki pan
27 Dec 2011
Real Estate / Residential real estate values go down in Poland [455]
Milky are you involved in the Real Estate business or just a investor?
Ireland and Britain atm are far better investments than Poland
Milky are you involved in the Real Estate business or just a investor?
wielki pan
27 Dec 2011
Real Estate / Residential real estate values go down in Poland [455]
Yes, I would love to know what the profit margins are in new homes? Mr D like in every country I predict property prices to fall in 2012, Poland is a bit of a wild card in the sense that wages are too low to access real property, sure if a 32sq metre flat satisfies your need, that's about it, The problem with stats and figures is that because a property sells for a lot of money, people jump on the bandwagon and say all properties are worth the same amount, a lot of properties are purchased by foreigners who can afford to pay a inflated price. Another problem facing housing prices is the predicted unemployment levels in Poland and people returning to Poland from UK/Ireland due to lack of work. I can only conclude by saying that housing is out of reach by most Poles, but still attractive for foreign buyers...further once the Chinese get access to the Polish market they will buy up all the prime locations...(this they are doing now in other countries)
It would be interesting to compare the selling prices of 'new' properties vs older properties, actually
Yes, I would love to know what the profit margins are in new homes? Mr D like in every country I predict property prices to fall in 2012, Poland is a bit of a wild card in the sense that wages are too low to access real property, sure if a 32sq metre flat satisfies your need, that's about it, The problem with stats and figures is that because a property sells for a lot of money, people jump on the bandwagon and say all properties are worth the same amount, a lot of properties are purchased by foreigners who can afford to pay a inflated price. Another problem facing housing prices is the predicted unemployment levels in Poland and people returning to Poland from UK/Ireland due to lack of work. I can only conclude by saying that housing is out of reach by most Poles, but still attractive for foreign buyers...further once the Chinese get access to the Polish market they will buy up all the prime locations...(this they are doing now in other countries)