Market Report
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Secondary market for real estate - August 2009
There is an evident trend of decline in apartment prices on the real estate market in Poland in comparison to the last 12 months. It is caused by limited access to mortgages, the slowdown in economy and deterioration in labor market resulting in lower demand for apartments.
However, the quarterly data is surprising. 8 out of 15 analyzed locations have shown a trend of growth in...
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Secondary market for real estate - October 2009
The Polish market of mortgages shows more and more sympthoms of recovery. A growing number of banks introduces promotion offerts. For the first time since March the average margin of a mortgage in PLN fell in November. Presently it is equal to 2,6% comared to 2,8% in the last 7 months. Also a mortgage in euro can be taken on more favourable conditions.
A monthly instalment for a new...
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Real estate market in Poland in 2009 - December 2009
Summary:
- The word that describes last year on the real estate market best is lethargy. There were no spectacular price changes. The overall number of transactions reflects the condition of the market. In 2009 37% of real estate agents finalized less than one transaction a month. In 2008 53% of agents finalized at least one or two transactions and 36% finalized 3 to 5 (Szybko.pl...
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The cost of renting an apartment - Polish real estate market - November 2009
The costs of renting a flat are constantly falling. They are falling much faster than the costs of buying apartments. The highest - 13% price reductions (compared to November 2008) took place in Warsaw and Wroclaw. In Katowice you can rent a flat 8% cheaper than in November 2008. In Gdańsk and Poznań the prices are lower by 7% and in Cracow by 6%. This is the effect of rise of the number of...
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Secondary market for real estate - September 2009
The average interest rate of mortgages in PLN in the beginning of October is statistically lower than a month earlier. It is equal to 6,96% compared to 7,29% in September. The average margin is minimally lower than a month ago and 13 banks are willing to give a mortgage in PLN without any own contribution. The choice of mortgages in euro is wider in October. The average margin equals 3,5% and...
