Is this a bad time to buy an apartment in Poland?

milkyThreads: 10 Posts: 1,229 Joined: Oct 26, 09 ♀	Oct 2, 10, 12:31 #121
Lots of questions at once man eh...but,,was that price you paid for a shell or has it got bathroom etc

Wroclaw BoyThreads: 57 Posts: 5,478 Joined: Jul 3, 09 MEMBER ♂	Oct 2, 10, 12:33 #122
Seanus: Currency mortgage? I assume the bank offered you a mortgage in a choice of currencies i.e. PLN, CHF (Swiss franc) Euro etc.. The interest rates differ depending on the currency of the mortgage.

SeanusThreads: 22 Posts: 30,158 Joined: Dec 25, 07 ♂	Oct 2, 10, 12:36 #123
Milky, it has a bathroom and we negotiated a boiler into the deal :) WB, that's what I thought. In PLN and we entered into discussions about any distorting effects of opting for the EURO when it comes around. We went through WGN for credit, based in Wrocław I think. Quite the businessman, their owner ;)

SeanusThreads: 22 Posts: 30,158 Joined: Dec 25, 07 ♂	Oct 2, 10, 12:55 #124
You learn that negotiating/haggling skills are key in Poland. He wasn't prepared to go below 165k but he did and 2k is 2k at the end of the day. There are already tiles in place which I like. The kitchen is pretty much furnished though we need a new fridge and a cooker. Still, it's like a project and a fun one at that.

milkyThreads: 10 Posts: 1,229 Joined: Oct 26, 09 ♀	Oct 2, 10, 13:04 #125
I know a couple who paid twice that price in Lublin for the same size apartment in 2007. So well done man,victory to the ability to delay gratification.

♂

Oct 2, 10, 14:07 #126

Seanus:

You learn that negotiating/haggling skills are key in Poland.

Congrats, all Poles should be considered liars in business until they have signed the notarial act or pre agreement, there is no such thing as a verbal agreement in this country. From my experience more and more re-sellers are are starting to realize that if you want to sell, you have got to get your feet on the ground, the rest are still in cloud 2007. If you are happy with the price and conditions, it don't get much better than that. Does this purchase now mean, you are firmly PL grounded. The Glens and Loch's don't beckon.

♂

Oct 2, 10, 14:14 #127

The glens and lochs will always be there. The provisional notarial deed has been signed and we are awaiting the final one. What lowered the price is that there is no lift and we are on the very top but it's great for my fitness and the stairs are pretty flat as far as stairs go. The location is what attracted me the most. It's only 1 minute further away from my work than I am at present. It would've been over 200k 3 years ago.

warszawskiThreads: 60 Posts: 2,389 Joined: May 21, 10 ♂	Oct 2, 10, 15:13 #128
Seanus: we are on the very top but it's great for my fitness and the stairs are pretty flat as far as stairs go It is also better for security, 20% less than 2008, patience is a virtue. The other half must be happy now she owns her bit of PL.

SeanusThreads: 22 Posts: 30,158 Joined: Dec 25, 07 ♂	Oct 2, 10, 16:29 #129
Absolutely. When we walk around the city, I keep telling my wife that I wouldn't like to live there or there in the centre as drunks can smash a window in a drunken stupor. Plus, I don't like living at that level. In Izumo, I lived at the top level. In Hiroshima, on the 10th floor. Here in Gliwice too. It's repeating a trend and tradition.

♂

Oct 2, 10, 16:57 #130

Seanus:

Absolutely. When we walk around the city, I keep telling my wife that I wouldn't like to live there or there in the centre as drunks can smash a window in a drunken stupor. Plus, I don't like living at that level. In Izumo, I lived at the top level. In Hiroshima, on the 10th floor. Here in Gliwice too. It's repeating a trend and tradition.

If I had 1PLN for every time you mention Japan, I could buy errr something large. I understand you reciting to your JP experience, I was in the Asean region for 3 years and never really appreciated what I had until I was back in Europe.

SeanusThreads: 22 Posts: 30,158 Joined: Dec 25, 07 ♂	Oct 2, 10, 17:04 #131
Comparisons serve a useful purpose, especially if you can establish correlations too :) Having radiators will be good again :)

MEMBER ♂

Edited by: Wroclaw Boy Oct 2, 10, 19:30 #132

Seanus:

Having radiators will be good again :)

Ive just switched apartments too, within my own house though, need to scale down for winter to keep the little one warm. I took out my old cast iron fireplace and just mounted it bare (no surround) on a pile of bricks then bought a new iron flu and fitted that into the wall and hey presto its about 400% more efficient add that to 60% smaller lounge - bloody marvelous. Not going to freeze my butt of this winter... again.

Often these fire places are set to waste more than 50% heat straight up the bloody chimney. I reckon even if it touches -30 it'll easily be +25 in that room with the new set up.

SeanusThreads: 22 Posts: 30,158 Joined: Dec 25, 07 ♂	Oct 2, 10, 20:36 #133
It sounds like you have a brilliant set-up there, WB. Insulation is key. Heating efficiency is a must here in Poland. You can lose so much with the wrong option. We get a great deal from the utilities perspective but we will have to change some habits in the new gaff. Switching from our current kettle to a standard metallic one on gas will be one of the first things we do.

milkyThreads: 10 Posts: 1,229 Joined: Oct 26, 09 ♀	Oct 11, 10, 23:22 #134
Can anyone explain why Lublin has not seen a drop in property prices?

grubasThreads: 20 Posts: 1,452 Joined: Feb 1, 10 ♂	Oct 11, 10, 23:24 #135
Mainly because Lublin is in Eastern Poland and they are always behind the rest.

milkyThreads: 10 Posts: 1,229 Joined: Oct 26, 09 ♀	Oct 11, 10, 23:32 #136
Is it due to higher emigration in the east, so that people have western wages, hence more cash to fork out.

Wroclaw BoyThreads: 57 Posts: 5,478 Joined: Jul 3, 09 MEMBER ♂	Oct 12, 10, 10:04 #137
milky: Is it due to higher emigration in the east, so that people have western wages, hence more cash to fork out. It doesnt really matter what anybody says you have your own opinion and nothing is going to change that. milky: Can anyone explain why Lublin has not seen a drop in property prices? Yes.

warszawskiThreads: 60 Posts: 2,389 Joined: May 21, 10 ♂	Edited by: warszawski Oct 12, 10, 12:23 #138
milky: Is it due to higher emigration in the east, so that people have western wages, hence more cash to fork out. I understood you, to be the grim reaper of Polish real estate, so it is nice to see you have found your ray of light.

milkyThreads: 10 Posts: 1,229 Joined: Oct 26, 09 ♀	Oct 12, 10, 12:41 #139
Wroclaw Boy: Yes. Well go on, explain 30 % drop Wroclaw and 0 % in Lublin.. I know you think emigration is not a player at all, so go on!

Wroclaw BoyThreads: 57 Posts: 5,478 Joined: Jul 3, 09 MEMBER ♂	Oct 12, 10, 12:58 #140
milky: Well go on, explain 30 % drop Wroclaw and 0 % in Lublin.. 30%? sure its not 20% and 0% in Lublin sure its not 10%? You have no credibility here, plus youre really boring and repetitive.

♂

Oct 12, 10, 13:21 #141

milky:

0 % in Lublin

Milky, are you 100% certain, that real estate prices have not dropped in Lublin?
I do not follow Lublin prices as it is not my area, although I can assure you that prices have dropped significantly in Pulawy and Kazimierz Dolny, which are also in Lubelskie and only 50 klm away from Lublin. In my understanding prices have dropped all over Poland so it baffles me why Lublin would escape this re-correction.

milkyThreads: 10 Posts: 1,229 Joined: Oct 26, 09 ♀	Oct 14, 10, 17:00 #142
warszawski: Milky, are you 100% certain, that real estate prices have not dropped in Lublin? Well i cant find anything to say otherwise.

♂

Oct 14, 10, 19:10 #143

milky:

Well i cant find anything to say otherwise.

That may be because, when the reports are done they focus on the following Warsaw, Krakow, Poznan, Gdansk, Wroclaw and now Lodz, as theses are the cities that have been pumped. I did read a article from Madom about two years ago in which they mentioned Lublin as the cheap alternative to Krakow. As you probably know, Lublin's students account for about 35% of the population. It would be interesting to find out what the facts are, if you dig something up let us know.

SeanBMThreads: 41 Posts: 8,727 Joined: Mar 10, 08 ♂	Oct 14, 10, 19:21 #144
milky: Can anyone explain why Lublin has not seen a drop in property prices? milky: Well i cant find anything to say otherwise. Have you found anything that says that prices have not dropped at all in Lublin?

milkyThreads: 10 Posts: 1,229 Joined: Oct 26, 09 ♀	Oct 14, 10, 23:19 #145
SeanBM: Have you found anything that says that prices have not dropped at all in Lublin? Yes i did,several articles over the last two or three years have stated this case.

SeanBMThreads: 41 Posts: 8,727 Joined: Mar 10, 08 ♂	Oct 15, 10, 07:21 #146
milky: Yes i did,several articles over the last two or three years have stated this case. Can you show us them, please?

POLAND . The Unofficial Guide	Unanswered \| Archives
POLAND . The Unofficial Guide	Polska, Polonia, Poland	Witamy, Guest \| PF Members \| Gold Members

Home \| Unanswered \| Archives \| Random \| Statistics	Time in Poland: 04:07 / May 27
About Us \| Contact Us \| Rules, Privacy \| Poland Advertising	© 2005-12 PolishForums.com