Quoting: BubbaWoo
polish property owners are pricing their fellow countrymen out of the market... stupid, huh?
Thats a good and honest answer BubbaWoo, however the polish property owners may have the last laugh when property prices crash, which they will. The three towns which maintain current high prices Krakow, Warsaw, Gdansk (and surrounds) will still have to battle for continued demand for water, gas,and electricity. It will be unable to serviced due to over-development. The current process used for disposal of human waste and grey water is old and need of major overhaul.
The smart investor has already moved on and now accessing over property markets in eastern Europe. I might add properties in the Czech republic are much nicer and a fraction of the cost of those investment properties in Poland.
Some people are slow learners.