E
ecstatic
Guest
response
I agree wholeheartedly with you mollser and your comments.
The fact is it will be around 2009 before it starts to make a little headway. Funnily enough
warsaw's GDP growth over last year is estimated at 10%-15% with the whole of poland at
5%-6%. These numbers are very attractive to anyone. Myself i am solely based on long term
opinion and would not like to sell anything ever. Comparing poland to ireland is like apples
and oranges.On another note polish mortgages total around 5% of the population.
I can only see this figure increasing in the medium term. Interestingly enough is that a
very low figure of the population have bank accounts one sees banks signing people up for
current accounts in supermarkets on saturdays and sundays. Of the 40 million people in
poland there are 2.6million in warsaw i believe this number will rise in the future. To me
this figure is way too small and should be more in the 7-10% mark of the population. As the
city prospers in 2009-2011 more and more people shall converge on the city. The thing is
shifting 40 million peoples economy is a lot tougher than moving 4 million thats one of the
main reasons ireland has experienced rampant growth in that its economics are smaller so it
takes a shorter time for it to grow. Yes there population is falling alongside a lot of
other economies. Thing is Poland is outputting a serious amount of graduates and people are
relativly young in age. These graduates will swarm abroad or to the city. People hate living
in the communist blocks over there and the old communist buildings it is there wish to move
into new apartments. Its a snob thing but its a social atitude that is embedded in polish
persons.
Myself i am in for the long haul and to me i only care about how much rent v's cost of the
building / apartment. To me the same sort of rent was not attainable in other accession
countries on a rent v's apt cost factor. Im only looking for solid value that produces a
high return. Look at budapest house for 100k rent 350-400 euros a month in my book i only
care about the rent the appreciation looks after itself naturally. Okay its not going to be
the eire of the east {Smaller economies might be }. But it will be slow boring with cash
coming in. With 20% unemployment if that comes down to 10% in ten years then look at what
happens to GDP figures.
I agree wholeheartedly with you mollser and your comments.
The fact is it will be around 2009 before it starts to make a little headway. Funnily enough
warsaw's GDP growth over last year is estimated at 10%-15% with the whole of poland at
5%-6%. These numbers are very attractive to anyone. Myself i am solely based on long term
opinion and would not like to sell anything ever. Comparing poland to ireland is like apples
and oranges.On another note polish mortgages total around 5% of the population.
I can only see this figure increasing in the medium term. Interestingly enough is that a
very low figure of the population have bank accounts one sees banks signing people up for
current accounts in supermarkets on saturdays and sundays. Of the 40 million people in
poland there are 2.6million in warsaw i believe this number will rise in the future. To me
this figure is way too small and should be more in the 7-10% mark of the population. As the
city prospers in 2009-2011 more and more people shall converge on the city. The thing is
shifting 40 million peoples economy is a lot tougher than moving 4 million thats one of the
main reasons ireland has experienced rampant growth in that its economics are smaller so it
takes a shorter time for it to grow. Yes there population is falling alongside a lot of
other economies. Thing is Poland is outputting a serious amount of graduates and people are
relativly young in age. These graduates will swarm abroad or to the city. People hate living
in the communist blocks over there and the old communist buildings it is there wish to move
into new apartments. Its a snob thing but its a social atitude that is embedded in polish
persons.
Myself i am in for the long haul and to me i only care about how much rent v's cost of the
building / apartment. To me the same sort of rent was not attainable in other accession
countries on a rent v's apt cost factor. Im only looking for solid value that produces a
high return. Look at budapest house for 100k rent 350-400 euros a month in my book i only
care about the rent the appreciation looks after itself naturally. Okay its not going to be
the eire of the east {Smaller economies might be }. But it will be slow boring with cash
coming in. With 20% unemployment if that comes down to 10% in ten years then look at what
happens to GDP figures.
