I am not lying to promote anything. I am not in real estate. In Poland people lie, in the rest of the world their are laws against it.
no, me having a husband in real estate gives me perspective of what actually goes on in the market. not what is written in a biased article.
my real estate knowledge comes from having a husband involved in real estate as well as owning and selling various properties in Poland.
Prices are not collapsing. They are declining steadily. big difference. particularly to investors and buyers.
it is not my ridiculous definition. it is a definition that has been posted here, time and time again by wikipedia. not by me. If it deflates at a slow rate then it is, by definition, not a bubble. a bubble pops. hence the name bubble. so if once the market hits its peak price then slowly declines it is not a bubble. which is what it is doing now.
Poland is not experiencing a bubble.
It is experiencing a slow and steady decline which is a world of difference for buyers, developers and sellers. Not to mention a saturated market as compared to the market when prices were at their peak.
but then again, if you had real knowledge about the market then you would know this. just because you believe something, doesn't make it true, but keep going with the bubble theory- it looks like this bubble bursting theory has been going on for years......
I wish it would hurry up, I ain't getting any younger waiting around. Checking the prices of houses round here this weekend has seriously dented my confidence in any market weakness. However, of course there are yellowed for sale banners dangling from many houses and flats, but if the vendors are reducing the prices then I can't detect much change so far. And if I look to the prestige area of Biskupin, I see prices that are higher than some of the very best streets in my UK (southern) home town.
exactly, if it were a bubble then the prices would be a lot lower- a lot faster.
In Warsaw, I have seen some flats for 4100 pln m2. I am willing to bet they will go as low as 3800, maybe even 3500 in some areas. Praga could see 3200. And that will be as low as it will go.