Ryz
10 Jul 2013
Real Estate / Buying a flat in Krakow; prices are still falling? [200]
hmmm are you sure you aren't mixing currencies there? 10 thousand Euros per month? Unless you're a football player you'll struggle making that even in London.
The average monthly salary in Poland is 2512 PLN net (3510 PLN gross). That's less than 600 Euros/month. You're honestly telling me a Bank in Poland is demanding 17x (!!) the net average wage in order to grant you (or someone else) a loan for a flat? Something's not right there.
And why would anyone taking home 120 thousand Euros (more than half a million zlotys) per annum need to get a loan for a flat in Krakow in the first place? o_O
as long as you have a monthly payment above 10k Euro there where not a problem at all.
hmmm are you sure you aren't mixing currencies there? 10 thousand Euros per month? Unless you're a football player you'll struggle making that even in London.
The average monthly salary in Poland is 2512 PLN net (3510 PLN gross). That's less than 600 Euros/month. You're honestly telling me a Bank in Poland is demanding 17x (!!) the net average wage in order to grant you (or someone else) a loan for a flat? Something's not right there.
And why would anyone taking home 120 thousand Euros (more than half a million zlotys) per annum need to get a loan for a flat in Krakow in the first place? o_O