HP0304
10 Jan 2013
Real Estate / How are Poland's properties priced? [51]
2013 and 2014 will be a year of reckoning for the polish real estate market. There is a huge supply overhang of new prpoerties with the developers continuing to build or go bust and slowing demand as wage growth is below inflation, consumer putting serious brakes on consumption, loans are harder to come by, government support schemes winding down and unemployment increasing. I can't see how prices can maintain these ridiculous levels. If you want an honest reasonably honest opinion on the state economy look at BRE bank monthly reviews. It is quite sobering unlike the "reassuring" stuff you hear from politicians and the real estate developers.
2013 and 2014 will be a year of reckoning for the polish real estate market. There is a huge supply overhang of new prpoerties with the developers continuing to build or go bust and slowing demand as wage growth is below inflation, consumer putting serious brakes on consumption, loans are harder to come by, government support schemes winding down and unemployment increasing. I can't see how prices can maintain these ridiculous levels. If you want an honest reasonably honest opinion on the state economy look at BRE bank monthly reviews. It is quite sobering unlike the "reassuring" stuff you hear from politicians and the real estate developers.