When I started this thread I quoted " drops in offer prices,lack of liquidity market crashing " my focus is on the resale market not new builds although I believe it is possible to get discounts of up to 25% on new builds based on my recent findings. This thread was never intended to be about the expat rental market in Warsaw as this market is truly inflated. I know many people from the expat community in Warsaw and I have very rarely found any family which has been satisfied with their ' rental deal' after 6 months.
what is amazing is some here actually have the guts to say that because something is happening in their city it must be happening all over Poland.
The Warsaw market is the benchmark for Poland if there are drops in offer prices,lack of liquidity which indicate the market is crashing in Warsaw, then it is happening in other parts of Poland or will be soon.
So those hoping for some drastic changes either way are going to be deeply disappointed. So please do not pollute those forums with your ramblings.
no matter how many times you say it- they still won't believe it. Even when there are people with the market knowledge and work in the industry.
There are significant changes going on in 2013 which I can back up with examples, the beginning of the year have seen many large price drops on properties in good locations in Warsaw especially houses. As example there is a semi detached house in stary Wilanow 180m2 with a 700m2 garden on a sought after street, house to be refurbed for 850,000 PLZ ( TBN) this is 2001/2002 price. If we take new builds, a high end Osiedle in outer Konstancin are now accepting written offers on their existing stock, (see how low you can go).
if you look at the top 100 companies operating in Poland, half of them are in fact local subs of multinationals, which will probably employ at least 1/2 expats each (often more
So we can say 75 families needing rental homes in Warszawa.
He makes about 45,000 a month on rental income off these Finnish families and he screws them for every last grosze.
Lets hope he adapts to the current times as there are plenty of people like ' Bullfrog' out there who are happy to go the extra mile and take his future clients.
But the fact is that the market is saturated- so buyer will now having buying power.
The only way to motivate a buyer is by lowering the price, now we do have two markets in Warsaw ' liquid' and 'not liquid'
1. Those who can drop their prices to force a sale. ( liquidity )
2. Those who are forced to rent. ( Not liquid)
As I stated above if it is happening in Warsaw then it is or will happen over the entire country.