za_morzem 03.08.05, 07:41 just read about it in other post. really? Odpowiedz Link czytaj wygodnie posty
usenetposts Re: is there expected property prices rise in pol 03.08.05, 11:07 Of course. Look at the amount of funding that is promised - mainly not turned into cash flow just yet - from the EU. Consider where this money will end up. Obviously in the first instance it is used to allow cerain expenditures on machines, work to be done, etc, and a proportion goes at that point back out of Poland or even out of the EU if the supplier is non-resident. But in the main the money will remain in this country, improving the profitability of businesses, the availability of work and therefore prices to subcontractors to government, reduce the pressure on income tax and ZUS, and cause money flow and net earnings to increase in the private economy. The money is given mainly to areas which are underpriviledged, and to benefit poorer parts of society, but the trickle-up effect is guaranteed, and quite rapid also. Therefore the kind of property which the participant showed us is liable to have a lot more potential buyers from that class of society in a year or two's time. This will increase the price. If we are talking about property in cities, especially the capital, the price is due to rise because Poland has a less urban, and less capital-city centred population than the countries it seeks to emulate. Even Spain, with a similar size and population to Poland and a very rural and agrarian economy, has three cities/conurbations larger than Warsaw in terms of population. With set-aside, and follow land rules, POland is not going to get any less urbanised than it now is, so for urban and suburban properties, the only way is up. The property he showed is, bearing in mind transport plans, close enough to Warsaw to benefit from that trend. Another reason for the hike will be the replacement cost of building materials, and the labour cost of builders, both of which already went up 20%, since entry, but this hasn't trickled into the domestic housing market yet. It has to, of course, in due course. Odpowiedz Link
nasza_maggie Re: is there expected property prices rise in pol 03.08.05, 11:43 Property prices have risen in the center of Warsaw by circa 30% since we joined the EU. Also, the Irish are keen investors in Poland - from their economic experience with the 'Celtic Tiger' I trust them to know what they're doing!) Odpowiedz Link