Apartment and house prices in Warsaw have been rocketing
Its crazy.Flat prices are over 15k pln a sqm,should look at commercials over 19k to 40k sq m,I wonder how are people buying paying 11/12% interest.Same here in NJ also,we have been looking for a house for my daughter and half way decent house is not less then 500k.As in Poland here too builders are not building and the people who have 2.5% mortgage rates are not selling.Most sellers are retirees downsizing,divorcing cpls or people with cash looking to upgrade.
We must win the war.
Ukrainians who have settled in the west will still stay there and will most likely not go back.They bought money esp cash and are buying paying high prices then the locals.I get emails in Ukranian/russian to sell in Poland everyday with cash offers.
Property prices in Germany are already falling.
Hope fully in the US too,inshallah.I doubt it will happen in Poland though,they have never seen property price fall and is way cheaper to sit on the property and wait for good times.
How can this be solved,
EASY,just live in a commie building in a rented flat in a crappy suburb and be behind on rent by 2 months:))))