x2 in some outskirt areas, x3 in many areas, and after that any price up to several million.
Somewhere that had been for sale for over 1000 days (at what price I don't know) sold just 10 days after I requested a viewing. The usual agency disinterest meant that it took several communications to even get one of the agents to phone back. When he called, he didn't speak English, and my Polish helper was not available. He just hung up. No English speaker ever called back. This was a large, national firm. The next day, the place was sold! Yes after over 1000 days on the market. I assume that it must have recently been reduced in price for it to come on to my radar and that of the successful buyer.
A quick check at the same agency website (a large national company with a website in English and Polish) shows that about 1 in 100 listings are sold, with selling times of 130 to 1100 days, mostly 200 days or more. The thing to do is keep an eye on the prices and selling times, to try to detect if the secondary (used) market is picking up.
Another thing is an increasing number of agents are not charging a buyer fees but most still do. I advise voting with your feet and not using agents who charge buyers unless the property is cheaper anyway. (When it comes to rentals, the 1 or agents that don't charge tenants a fee sometimes have the property advertised at a higher price, however.)
Spoke to an agent, perhaps unsurprisingly he said "Agents are selling the cheaper houses, a few more sales now than before, it looks better than before."
On the other hand, looking at new-build flats on an estate in a good part of town: the estate agent told me that a certain price they stated was the last and final price, no further discount possible. 2 months later, that same estate and same size flat (maybe the same flat, maybe not, I don't know) is now nearly 10% cheaper.
Very patchy story it seems.
Is some law coming into force from January, meaning that buyers will need to find more of their own money for a deposit or down-payment?
I ask because I stumbled upon this in a newsletter, in Polish, which seems to say exactly that when I try to translate it.
Szukający mieszkania chcieli zdążyć przed styczniem, kiedy wchodziła w życie rekomendacja wprowadzająca obowiązek posiadania wkładu własnego.
Could anyone put more flesh on the bones of that for me?
Flat in good part of the city, seems to have been reduced from approximately 600 tys to 450 tys
Same 106m2 flat, same agent, 1/4 of the asking price shaved off...
600 K cnk.pl/index.php?fidx=7&sortby=POW_CALKOWITA&desc=1&pg=pi&st=10&lm=10&pidx=431
450 K gumtree.pl/cp-mieszkania-i-domy-sprzedam-i-kupie/wroclaw/mieszkanie-wroclaw-krzyki-106m2-nr-14567-612165718
I think the reduction is very recent. That's 25 % off.Must admit I wish the properties I was interested in would drop similarly. So far, they're sticking to their price and some of them have been holding out for years.