a decrease, even a significant one will have little effect if the number still is higher than apartments being sold
I agree. No question that there is a oversupply right now. At least in the pricerange between 7.000 to 10.000 per m2.
When I write 12-18 months I write from my biased point of view (since I already is in the market). These things moves in cycles, and when there is very easy to turn around (nearly on a weekly basis) to start to work, the paperwork (permissions) is something that will take longer time to turn around. The lag in the polish system has always been quit long, and with the new regulationslaw I just assume that it has been even longer.
I am not cheering for a totalstop in supply, but I think a health slowdown, conected to a increassed demand will have a positive effect on stabilizing the market, and we can not have a healty return on our investments if not the market is in some form of equivalence. If this is the fact in 12 - 18 - 24 months I dont know! But that these numbers we are talking about is a step in the right direction (even if they hardly can given a significant value after just 2 months)
Btw: I dont boil my eggs, I fry them and eat them with bacon, and if its a good day I even take a smal Tyskie for breakfast