Milky, we are talking about "Poland", now, today. Not what happened in Ireland 3 years ago. Can you not accept that Poland did not make the same mistakes as Ireland?
Lwowskakrakow, I see from your previous posts that you are renting out a 42m2 flat in Krakow for 1900 PLN per month, I expect that Poles could get a far larger flat and be paying less, for a mortgage.
Avalon , these facts also applied during Spain & Ireland Golden Age in Real Estate Boom? And look at what happened?
Spanish Real Estate is definitely cheaper now than Polish Real Estate for sure!
Again, you are stating what happened 3 years ago, not what is happening in Poland today. You state that it was always easier for Poles to get a mortgage. I disaree, it was never easy and its even harder now as the banks do not want any risk on their books. You mention CHF mortgages as if the huge increase in the value of the CHF was planned, even the Swiss do not know why their currency is at an all time high, its a blip that will correct itself. I was living in the UK when interest rates went from 8% to 15% overnight in the late eighties. It hurt, but, people managed and things returned to normal during the nineties.