But is it liquid Pip could you sell it for more than you paid for it, have any of your neighbors sold the same house as yours in the last two years.
I live in a new osiedle, the houses have only just been bought.
Pawian, I live in an osiedle that is in an area of Warsaw that has a limit of new construction. We also have a new road, new bike path, new greenery and are always the first to have our lawns mowed and snow plowed. We did our homework and figured out which place would be ideal to buy in Warsaw.
Oh boy, if I had a pound for every time I've heard that! :o) The people in the US who saw prices plummet, ditto places in Eire when I was there in 2007, they all said that too.
Poland is not the same thing. All of these places had existing houses to fall back on- the safety net in Poland was a ***** h*le communist block, Poles do not want to go back on that. Families living in cramped quarters but yet owned their flats outright were able to help younger family members who were first time buyers.
Some of us here get it and many don't. That is ok. But I wouldn't take any real estate advice on those claiming there is a bubble.