Polish real estate market is overvalued. The prices went down a bit but very slightly and a small flat in Warsaw of average quality costs around € 100,000 what I find rather expensive for a post-communist country.
Most developers hope that people will start buying their flats and houses again but people have problems with financing and now there are very few transactions.
The government guys are trying to stimulate the market and offered a special loan “Rodzina na swoim”. They help for 8 years in paying some interest from mortgage loans and in this way they don’t let the prices go to their real values.
Unfortunately, many former capitalist countries are trying to experiment with socialism what is very risky.
If I were a foreigner, I’d rather buy something in Spain than in Poland now. Prices here should go down at least 10-15%. Personally I guess it could be rather like 20-30%.
You should check them in November or December. They will be more attractive.
