Buying new buildings in Poland and price I was given

are you interested to invest?

And the next post shows how right the 'some' are.

You guys will have to wait until it is possible to buy houses in the countryside

Wroclaw are you interested in doing business with us,

Not at all. The foreign investment is probably affecting Warsaw but nowhere else. I blame the Polish govt as the pricing is led by supply restrictions which are their fault.

I have 2 properties in Poland, bought in 2001 and 2 in Czech, but for me the value in Poland is now long gone, it costs up to 3 times more than Czech which is 25% richer and has a better stock of housing.

In Poland the rent to buy equation no longer makes sense (for instance you will be unable to rent 50sqm in suburban Wroclaw for more than 2000 zloty which means you need to rent it for 18 years to cover your capital, never mind interest, assuming you dont have to do any repairs or have any management costs).

The capital growth will also stop soon - the crack point will happen when deposits need to be say 70.000 or 80.000 zloty - that's beyond the reach even of the migrant workers, let alone locally based Poles.

You guys go ahead - its a free country, a market economy and every man for themselves, but I'm an accountant and I think you will catch a cold.

Could there be a small downturn in the short term? Surely. The price inflation does not make sense. What is the average monthly wage in Polands cities? Maybe 6/700 euro? I'm guessing.

3. Speculation - will always drive up prices in any market place especially with foreign investors who are none the wiser

Not at all. The foreign investment is probably affecting Warsaw but nowhere else. I blame the Polish govt as the pricing is led by supply restrictions which are their fault.

I have 2 properties in Poland, bought in 2001 and 2 in Czech, but for me the value in Poland is now long gone, it costs up to 3 times more than Czech which is 25% richer and has a better stock of housing.

In Poland the rent to buy equation no longer makes sense (for instance you will be unable to rent 50sqm in suburban Wroclaw for more than 2000 zloty which means you need to rent it for 18 years to cover your capital, never mind interest, assuming you dont have to do any repairs or have any management costs).

The capital growth will also stop soon - the crack point will happen when deposits need to be say 70.000 or 80.000 zloty - that's beyond the reach even of the migrant workers, let alone locally based Poles.

You guys go ahead - its a free country, a market economy and every man for themselves, but I'm an accountant and I think you will catch a cold.

Good post Most however I feel the property market and stock market aren't always fuelled by logic.

House prices in the UK should have stopped rising a few years back based on logic. Young people on good wages simply can't afford to get on the property ladder.

Poland still has some way to go I believe. Logic dictates that Warsaw and Krakow should see a slow down in prices whether reality reflects that I do not know.

There is still a lot of value and upside to invest in Polish property.

Commerical property hasn't really been tapped into yet and there is scope for growth.

Land is still relatively cheap and offers strong long term gains for the small investor and stronger short term gains for the bigger investors.

It could be argued that the superstars of the Polish property market may be losing their shine there are still other towns that haven't shared in the success story. Towns in the tertiary market such as Gliwice, Katowice, Lublin etc