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Old 08-12-2006, 12:02 PM  
Webby
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Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
Quote:
Originally Posted by polish_aristocrat
I think he means he lives ( probably owns ) in an apartment there, so nothing about renting here ( unless Im missing sth )
True - me assuming

Quote:
Originally Posted by polish_aristocrat
on another note, real estate prices in Poland went crazy in past 3 years

about 100% increase in past 3 years in the big cities and experts predict that they will increase for a good few years so the demand is very huge and the supply is small so it increases the prices even more
That sounds kinda inevitable PA - Poland is going to end up on par with the neighboring countries. Sounds like a damned good investment time.

Not sure if you've seen it happen yet in Poland, but often there is lumps of foreign investment as part of the engine driving real estate upwards? Can think of the money being dumped into Croatia by "foreigners" for villas and homes.

Where I am now (Costa Rica), there is definately a desire by foreigners to purchase properties - values seem to be rising at around 30% - 60%/year depending if near coastlines/beaches etc. I'm stunned at the values of some properties we have here - they earn a few mill just on annual capital appreciation alone.

It's the old story - they don't make any more land
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