http://peopleandlanguages.com/tags/real-estate Forum » Tag: real estate - Recent Topics en-US Sun, 05 Sep 2010 17:45:01 +0000 http://bbpress.org/?v=1.0.2 q http://peopleandlanguages.com/search.php http://peopleandlanguages.com/topic/krakow-apartments-are-falling-in-price#post-47 Fri, 12 Feb 2010 06:32:36 +0000 Mark 47@http://peopleandlanguages.com/ <p>As an American living in Krakow, Poland I see something in thinking here that I have seen all over the USA. That is that housing prices in Krakow will go up forever. I can not see this. </p> <ul> <li>With supply of apartments in Krakow increasing on every corner </li> <li>The population is moving to the suburbs not the city center</li> <li>The crisis in the UK and Ireland is forcing foreign investors to pull out</li> <li>There was a speculative bubble tat inflated prices to ridiculous prices</li> </ul> <p>In the US prices are down to 1999 levels. In Japan prices have fallen 15 years straight. My question is why would prices go up in Krakow for apartments if prices are already over prices based on average salaries. </p> <p>The price per meter should be equal to about the monthly salary per person. So if people make 2700 pln a month this should be the price per meter for a flat in Krakow.</p> <p>Real Estate in Poland follows the same laws of supply and demand as anywhere else.</p> <p>Polish people like to say that &#39;our market is different&#39;. But this is what ever person in every market says when they are in a real estate bubble.<br /> Now there is a strong downtrend in the Polish market for real estate. </p>