Demand for apartments low in Poland's main cities

He said "Prices will go down +20% this year, is my bet."

So you are offering one to ten (i.e. my hundred wins me ten) that average residential sale prices will go down by more than 20% in at least six of Warsaw, Krakow, Gdansk, Lodz, Katowice, Poznan and Wroclaw? Assuming that:
a) you mean inside city limits only;
b) we are talking only about multi-appartment properties;
c) we are talking sale prices, not asking prices;
d) we are talking PLN prices only;
e) your data is from a reliable source,
I'll put a hundred zloty down on that bet (and would love to lose it too).

Two questions: what source are you proposing to use and is it Gdansk or Tri-City?

This whole reply to cms sounds like you are going chickensh1t.
'ah but but but only if you agree to bla bla' .......hahahahah

Why not have a poll on predictions for Polish real-estate prices 12 months from now and another one for 24 months from now. Everyone has a week to make their prediction and state it,then come back to the page this time next year...No gambling involved just peoples word.

I'm perfectly happy to put 100zl of my money where my mouth is: I just want to know precisely what the bet is now rather than in October 2012 when cms is looking for excuses for not paying out.

Now how about you Mark? You made a very clear statement that prices will go down by more than 20%: how fast are you going to back down when asked to put up or shut up?

Well,anyhow... I say + 20% by this time next year .....

Lets make it easier, say -20% in two years time. Maybe three.

Whats the difference?

fyi, my information comes from a Wroclaw builder and residential expert who spoke at a real estate conference in the north of Poland last month.

Lets make it easier, say -20% in two years time. Maybe three.

Whats the difference?

The Euro championship will take place in 2012
this may boost the property market.

You sound just like the American preacher who predicted the "end of the world"

pip: fyi, my information comes from a Wroclaw builder and residential expert who spoke at a real estate conference in the north of Poland last month.
Ohh well thats it then Pip has totally blasted us all out fo the water with that one. A builder and residential expert no less. Wow.

and apartments are not selling themselves like they did 4 years ago.

Sounds like the attacks that were thrown at David McWilliams by developers and their brown envelope brigade

for those who keep at it with the "bubble" crap. fyi, my information comes from a Wroclaw builder and residential expert who spoke at a real estate conference in the north of Poland last month.

pip: for those who keep at it with the "bubble" crap. fyi, my information comes from a Wroclaw builder and residential expert who spoke at a real estate conference in the north of Poland last month.

Who would also like to promote the industry that pays his bread and butter.

The following areas are holding but not increasing, Centrum, Powisle,Zoliborz, Mokotow (dolne, gorne) Muranow and some parts of Ochota According to my sources houses and apartments outside of the aforementioned areas are in price deflation

I'm willing to bet you 100zl at odds of ten to one (i.e. if you win you get 1,000zl but if I win I get only 100zl) that not even one city in Poland will see falls of more than 20% in all price per sq. m bands and all flat size bands this year

So you are offering one to ten (i.e. my hundred wins me ten) that average residential sale prices will go down by more than 20% in at least six of Warsaw, Krakow, Gdansk, Lodz, Katowice, Poznan and Wroclaw? Assuming that: a) you mean inside city limits only;b) we are talking only about multi-appartment properties;c) we are talking sale prices, not asking prices;d) we are talking PLN prices only;e) your data is from a reliable source,I'll put a hundred zloty down on that bet (and would love to lose it too).Two questions: what source are you proposing to use and is it Gdansk or Tri-City?

f you go back to post 49 I never offered 10-1. I was asking you if you would offer 10-1!

This bet is at evens for PLN 100 or I will give you 2-1 if the number of cities showing 20% falls is 5 rather than 7. In total with the other bet that puts 300 zlots of my hard earned on the table and 200 of yours.

You sound just like the American preacher who predicted the "end of the world" would happen yesterday. The second time this year.
The idea of making a prediction is to set a time for it to happen, which, is what Milky has been trying to do for the past three years.
By forcasting a fall in property prices of 20% over the next year he is actually, still 20% down on what he predicted three years ago (50%), so, things must be improving.

I'll have that bet!