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Originally Posted by Webby
True - me assuming 
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 |
investment time? well, perhaps... but the better investment time was 3 years ago
I personally don't see Poland becoming as wealthy as f.e Germany soon, so prices shouldn't increase so fast, but they actually reached Germany already or almost reached
but the polish cities, unfortunately also polish culture and mentality and many other factors ( politics, infrastructure also weather ) suck a little compared to Western Europe so that's why I don't see any real reasons for the prices to skyrocket so fast
but the supply is very small, 5 times less apartments are built each year than needed
foreign capital... well, to a certain degree yes, but its not done not on a massive scale as far as i know