Real Estate / Poland's apartment prices continue to fall [1844]

business oppotunities : i have my company here and i have enough experiences with the final customer to say that, yes, poland have been catching up those last ten years with west european eco but now i feel that poland have reached a brick wall. But other east european eco are facing the same reality. 38 M people seemed to me quite appealing at first but when 90% of the 38 M are counting every zloty before making any final decision of purchasing that narrow quite a bit the potential.

Poland has been cited as the most dynamic eco by several economists but for me it's just related to catching up. It's just talk to favor poland joining the euro zone. If it happens (but my bet it that the euro zone would split apart before), poland will really feel the pain. What sustains the eco of this country is mostly manpower coupled with the zloty.

Even if the salaries have gone up, the fees and prices of some services are getting even more expensive than in east europe. I pay 30% more for my mobile subscription than in France... This is a long debate but i have decided to skip the retail market here and focus on importing goods from poland in west europe because it all comes down to it.

I will never sell my apartment to polish people i know that for fact. Neither rent it. It's the type of 'falling in love' purchasing like the one i made. I walked in every part of wroclaw and i wish someone could show me something close to a dynamic district outside Rynek. Polish cities have not been built like this and there is now way and money that it would change. But again, i lived in Paris all my life so no way to compare...

With a double windows you don't mind the noise. I would be much more sensitive to steps stamping above me. And talking about nowe swiat and noise...

Real estate is like movies, every one has an opinion. You just need to find the one who share the same.

Real Estate / Poland's apartment prices continue to fall [1844]

I can only bring my short experience of the market since i bought on Rynek in Wroclaw last year and i have advertised here also :)

the rental market seems as dead as my grandmother.
As for the selling market, well, i sold three apartments in paris france those last 10 years and the best profit i made (100%) was the first one. Since then, i made 20% and 10% profit and the current market in Paris is gloomy to say the least. My sister wants to sell her 55 sqm near the eiffel tower and she struggles to meet her price...

You can't fight city hall AND real estate market. What i learned in poland is that it's still a poor country with limited opportunities in business and in real estate for sure.

We are currently facing the most violent and unknown crisis ever experienced.
As far as i'm concerned, the only things that matter in real estate is location, location and location. I have the best view in wroclaw and this is unpriced. Now, i don't have mortgage so i can afford to only wait and see. This passive attitude is bearable because i really like my apartment and its atmosphere but i can figure on the angony of someone who bought at the peak something remote from the center. This is also something very particular to Poland. Outside inner center, there is almost nothing. Everything goes on around a a couple of streets in the center while you have different districts in Paris or London.

Enough said, yes the whole real estate market sucks in Poland but thanks to globalization we all share the same burden from Madrid to Kharkov.