J
Hythorn,
What are your thoughts on Warsaw? Will the oversupply issue resolve, i.e. are developers finally building less?
Cheers.
Hythorn
What makes you think there will be a drop in the prices in Poznan? The rental market is still strong with the colleges and factories etc.
if you read the RedNet Report they seem to think that the prices are going to fall in Poznan. I just finished a breakfast meeting with a colleague who is a developer in Poznan and he is of the opinion that the prices of new builds are not going to fall BUT who has got out of developing completely to concentrate on supplying building materials.
in short no one knows what the hell is going to happen - if prices in Poznan rose 70% last year, it is not impossible to suggest that they might take a bit of a hit if the world's economy goes into meltdown - I hope that will not be the case but I did not see the credit crunch coming so what do I know?
no one knows how big the problem is - the banks are hardly being transparent in their dealings
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