Thursday, September 14, 2006

polen / poland "bubble world tour"

nächster halt polen. denke das man polen stellevertretend für den immobiliensektor in den osteuropäischen staaten nennen kann die in die eu gekommen sind bzw. demnächst dazukommen. muster ist immer dasselbe. ausländer die in ihren ländern einen immobilienboom hinter sich haben kaufen alls was bei 3 nicht auf den bäumen ist und treiben so die preise.

hat leider den nebeneffekt das es für die einheimischen immer schwieriger und oftmals unmäglich wird mit ihren einkommen selber eigentum zu erwerben. man kann also von einem rolling bubble sprechen.

Foreigners Spur Housing Boom in Poland

Klaudia Kocimska's dream is slipping away: She would love to own a small but modern apartment in downtown Warsaw

Like many Poles hoping to buy a home, the 30-year-old journalist has resigned herself to painful compromises _ having to live in a suburb and commute by car _ as soaring housing prices driven partly by foreigners put much of the city's best property off limits to normal working people

House and apartment prices in Warsaw and other leading Polish cities have spiraled upward since the eve of the nation's 2004 entry into the European Union _ a boom driven by low interest-rate mortgages, housing shortages and foreign speculators snapping up real estate as investments.

In 2005 alone, real estate prices in Warsaw rose 30 percent in prime locations, and between 10 and 20 percent in other areas amid the strong demand, according to Knight Frank. Now, for example, a one-bedroom apartment of 700 square feet in central Warsaw runs between $90,000 to $325,000.

"The demand is generally driven by local people but there are buyers from Spain, the U.K. and Ireland buying new constructions in bulk _ 10, 20 or 30 apartments and sometimes even more," Rutkowski said. "They compare Poland to Ireland and Spain of 20 and 25 years ago, and they believe the price appreciation in residential property there will happen in the same way in Poland." (kein zufall das dieses genau die länder mit den größten bubbles in europa sind)

But as housing prices in this former communist country rise, wages for most Poles remain low compared to western European levels _ making much of the housing stock unaffordable. Last year, gross domestic product in Poland was at $15,000 per capita, significantly lower than Ireland's $41,000 or Britain's $35,000, according to Polish government figures.

rest der worldour



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