Wincig
13 Aug 2020
Real Estate / Are the property prices in Poland too high? [19]
But this type of attitude is not only linked to old PRL times, it is also cultural.Unlike the Brits or the Dutch who are first and foremost traders, the inner psyche of a Pole is that of a peasant/landowner, who has no clue about offer and demand and what a market really is/how it functions. Hence many real estate owners in PL prefer to sit on unlet houses/flats until they meet a prospective tenant ready to pay their price (someone will turn up one day !) rather than adapt (ie lower) their price to where the demand is.
But this type of attitude is not only linked to old PRL times, it is also cultural.Unlike the Brits or the Dutch who are first and foremost traders, the inner psyche of a Pole is that of a peasant/landowner, who has no clue about offer and demand and what a market really is/how it functions. Hence many real estate owners in PL prefer to sit on unlet houses/flats until they meet a prospective tenant ready to pay their price (someone will turn up one day !) rather than adapt (ie lower) their price to where the demand is.