15 reasons why the Polish real estate market will crash soon

Wilanów Investments announces three new projects

14th December 2009

The Nowy Wilanów multi-phase residential project in Warsaw’s Wilanów district will see three new developments start construction in the next two years. Wilanów Investments, a special purpose company established in 2004 by developer PKO BP Inwestycje with the aim of realizing the project, made the announcement last week, saying the improving market now justifies new investments.

“[Buyers’] interest is growing, mortgage accessibility is improving, prices are not falling any more, so starting new projects makes sense,” said Jerzy Szwarc, representative of the board at Wilanów Investments.

In March next year Wilanów Investments will launch construction on Villa Siena, a complex of two buildings located on Wilanów’s ul. Branickiego, opposite the under-construction Villa Bianca phase. That scheme will provide 170 units. In that same month, construction will get underway on the Villa Verde development, located at the intersection of ul. Branickiego and Al. Rzeczpospolitej, which will comprise 77 apartments.

The third planned scheme, called Royal Park, will comprise 150 units. It will be located close to a planned Wilanów district hall building. Wilanów Investments plans to launch construction on Royal Park in spring 2011 at the earliest, hoping that by that time the issue of the unfinished district hall structure will have been resolved.

From Warsaw Business Journal

Ewa112	Dec 17, 09, 04:44 / #
fstop, Poland is freezing COLD 8 months per year. Minus 30 and minus 35 degrees Celsius are commonplace here in Krakow for example. Prices in Krakow real estate still surpass those of Berlin and Wien which is insane. Wait a while, you will buy at HALF price everything you want

delphiandomineThreads: 42 Posts: 9,954 Joined: Nov 25, 08 [Suspended]	Edited by: delphiandomine Dec 17, 09, 05:52 / #
Ewa112: fstop, Poland is freezing COLD 8 months per year. Minus 30 and minus 35 degrees Celsius are commonplace here in Krakow for example. Another username, Mark? -30 is not commonplace at all - in fact, seeing -10 is quite rare. Summer tempatures stay above 20c for several months.

derek trotterThreads: 12 Posts: 252 Joined: Apr 10, 09	Dec 17, 09, 06:01 / #
It looks like some of you guys will lose money in Poland. This thread is so hot nearly as one about Jews. You wish not to but you can't change reality, definetly not without magic wand. Prices will drop down.

AvalonThreads: 3 Posts: 812 Joined: Sep 11, 07	Dec 17, 09, 08:58 / #
derek trotter You wish not to but you can't change reality, definetly not without magic wand. Prices will drop down. Wilanów Investments announces three new projects 14th December 2009 The Nowy Wilanów multi-phase residential project in Warsaw’s Wilanów district will see three new developments start construction in the next two years. Wilanów Investments, a special purpose company established in 2004 by developer PKO BP Inwestycje with the aim of realizing the project, made the announcement last week, saying the improving market now justifies new investments. “[Buyers’] interest is growing, mortgage accessibility is improving, prices are not falling any more, so starting new projects makes sense,” said Jerzy Szwarc, representative of the board at Wilanów Investments. In March next year Wilanów Investments will launch construction on Villa Siena, a complex of two buildings located on Wilanów’s ul. Branickiego, opposite the under-construction Villa Bianca phase. That scheme will provide 170 units. In that same month, construction will get underway on the Villa Verde development, located at the intersection of ul. Branickiego and Al. Rzeczpospolitej, which will comprise 77 apartments. The third planned scheme, called Royal Park, will comprise 150 units. It will be located close to a planned Wilanów district hall building. Wilanów Investments plans to launch construction on Royal Park in spring 2011 at the earliest, hoping that by that time the issue of the unfinished district hall structure will have been resolved. From Warsaw Business Journal I bow to your superior knowledge, perhaps you should write to this company and warn them that they are making a huge mistake as there will obviously be no demand for these properties. They are clearly wrong to attemp a project such as in the present climate and ought to have done their homework first. Perhaps you should advise them by suggesting that they wait until the other 3,000.000. apartments/homes are sold which already lie empty and waiting for buyers.

kalop	Dec 17, 09, 10:25 / #
Avalon: 3,000.000. apartments/homes are sold which already lie empty and waiting for buyers. the only true things which you wrote in a very very longtime

derek trotterThreads: 12 Posts: 252 Joined: Apr 10, 09	Edited by: derek trotter Dec 17, 09, 10:39 / #
Avalon It's like the Titanic's going down and the band is still playing but you can't admit that. I am pretty sure you can sacrifice people ( invest invest invest buy buy buy ) to prevent losing your own money

kalop	Dec 17, 09, 11:52 / #
derek trotter: Avalon It's like the Titanic's going down and the band is still playing but you can't admit that. I am pretty sure you can sacrifice people ( invest invest invest buy buy buy ) to prevent losing your own money Yep, that is what Avalon is paid to do at his agency... to roam the forums and post thousands of posts each month about how the real estate market will reach over 8 000 pln/sq.m. and we are all stupid and we should all BUY BUY BUY hahaha ROTFL

Wroclaw BoyThreads: 57 Posts: 5,470 Joined: Jul 3, 09 MEMBER	Dec 17, 09, 12:05 / #
Ewa112: fstop, Poland is freezing COLD 8 months per year. Minus 30 and minus 35 degrees Celsius are commonplace here in Krakow for example. I am a temperature freak, and the only time in five years where it dropped below -30 was January 18th and 19th 2006 in the early hours of the morning. The coldest temperature i recorded here last year was -14. Its really cold right now -9 last night and currently -6. Shouldnt last much longer than 10 days and well be back in the +'s.

delphiandomineThreads: 42 Posts: 9,954 Joined: Nov 25, 08 [Suspended]	Dec 17, 09, 12:08 / #
kalop: Yep, that is what Avalon is paid to do at his agency... to roam the forums and post thousands of posts each month about how the real estate market will reach over 8 000 pln/sq.m. and we are all stupid and we should all BUY BUY BUY hahaha ROTFL So why are you posting so much about it Mark, using ten thousand usernames? Can someone not afford to buy in Krakow and is trying desperately to scare the market?

Wroclaw BoyThreads: 57 Posts: 5,470 Joined: Jul 3, 09 MEMBER	Dec 17, 09, 12:50 / #
kalop: Yep, that is what Avalon is paid to do at his agency... to roam the forums and post thousands of posts each month about how the real estate market will reach over 8 000 pln/sq.m. Youve just exactly described your mission Mark its just that yours is the opposite.

HarryThreads: 62 Posts: 8,508 Joined: May 2, 07 [Suspended]	Edited by: Harry Dec 17, 09, 13:03 / #
Ewa112: minus 35 degrees Celsius are commonplace here in Krakow for example. What rubbish! This is the 15th wineter that I've lived in Poland and in that time it has never been as low as minus 35. kalop: the real estate market will reach over 8 000 pln/sq.m. The old lady who lives on the floor below me died a while back and her flat was sold. The new family love the building and area but are expecting their second child so the want a bigger place. They asked the woman who lives directly below me (i.e. her flat has an identical size and layout to mine) if she wanted to sell her flat and offered her PLN 9,500/sqm. She said that she likes living there too and refused to sell. This is a building from 1948.

wildroverThreads: 180 Posts: 8,188 Joined: Jun 7, 07	Dec 17, 09, 17:54 / #
f stop: Most others have at least a passing interest, I suppose i too have a passing interest in the facts....but this thread seems to more about the rantings of one person posting under a dozen different names....nobody is going to learn what their house is worth from this person...!

f stopThreads: 33 Posts: 2,855 Joined: Dec 9, 09	Edited by: f stop Dec 17, 09, 17:57 / #
wildrover If this bothers you so much, maybe you should stop giving this guy so much attention? And give more attention to mine, hmmm? :)

wildroverThreads: 180 Posts: 8,188 Joined: Jun 7, 07	Dec 17, 09, 22:25 / #
f stop: And give more attention to mine, hmmm? :) f stop: watch your blood pressure. Ha...i have low blood pressure...and this thread is hardly likely to make my heart beat faster.... stop]And give more attention to mine, hmmm? That on the other hand...?????

AvalonThreads: 3 Posts: 812 Joined: Sep 11, 07	Dec 17, 09, 13:02 / #
derek trotter Avalon It's like the Titanic's going down and the band is still playing but you can't admit that. I am pretty sure you can sacrifice people ( invest invest invest buy buy buy ) to prevent losing your own money I have not advised anyone to buy in any of my posts. I have just refuted the ridiculous, unsubstantiated claims made by others. I have reproduced articals that were written recently, by proffessionals. You are at liberty to dispute their claims by providing alternative sources which can be discussed sensibly. It seems the you and others like you are unable to do this.

AvalonThreads: 3 Posts: 812 Joined: Sep 11, 07	Dec 17, 09, 13:07 / #
kalop Yep, that is what Avalon is paid to do at his agency... to roam the forums and post thousands of posts each month about how the real estate market will reach over 8 000 pln/sq.m. and we are all stupid and we should all BUY BUY BUY hahaha ROTFL I would hardly call 254 posts over a period of 2 years, thousands, but then again, your propensity for exaggeration is well known on PF. Don't give up the day job Mark.

AvalonThreads: 3 Posts: 812 Joined: Sep 11, 07	Dec 17, 09, 13:26 / #
kalop Yep, that is what Avalon is paid to do at his agency.. Mark, I am retired. I have not worked since 2004. I do not even have a NIP number, so, it appears you are wrong yet again. What a suprise, yet another false statement.

wildroverThreads: 180 Posts: 8,188 Joined: Jun 7, 07	Dec 17, 09, 14:11 / #
I think we should just all accept the Polish real estate market is going to crash...then this utterly boring thread can be closed.....Am i the only one that does not give a stuff what a house is worth...?

f stopThreads: 33 Posts: 2,855 Joined: Dec 9, 09	Edited by: f stop Dec 17, 09, 17:33 / #
In this particular thread it looks like yes, you are the only one. Most others have at least a passing interest, even if the possibility of moving is not on their radar.

Wroclaw BoyThreads: 57 Posts: 5,470 Joined: Jul 3, 09 MEMBER	Dec 17, 09, 18:01 / #
f stop: maybe you should stop giving this guy so much attention? thats the ticket but its hard not to reply.

wildroverThreads: 180 Posts: 8,188 Joined: Jun 7, 07	Dec 17, 09, 18:12 / #
f stop: stop giving this guy so much attention? I am quite happy to ignore him....but sadly the thread will continue , unless everyone else ignores him also.... We already have a thread on the price of Warsaw appartments , no doubt fed by the same nutter , can the mods not merge it all into one boring thread called guess how much my house is worth... We could also have a thread dedicated to how much my car is worth , and how much newer it is than my neighbours , that should get the same bunch of people interested... If people are really interested in such dullness they have a right to chat about it , but it seems that people are prepared to discuss this with somebody who clearly has no idea about the subject....Somebody who clearly has a mental problem wants us all to believe that the property market is going to crash , so , ok its gonna crash , can they now shut the fcuk up...?

Wroclaw BoyThreads: 57 Posts: 5,470 Joined: Jul 3, 09 MEMBER	Dec 17, 09, 18:15 / #
wildrover: can they now shut the fcuk up...? personally i like these threads.

f stopThreads: 33 Posts: 2,855 Joined: Dec 9, 09	Edited by: f stop Dec 17, 09, 18:17 / #
wildrover: just skip right over them, and watch your blood pressure.