REAS examines residential markets in the largest cities of Poland (PL)

The crisis in the international financial market has definitely entailed adverse consequences for Polish residential market. Increased interest rates and exacerbated terms-and-conditions of mortgage-backed loan granting will probably result in reduced number of prospective residential unit buyers. A drop in transaction prices of realties can also be expected, down to the level set by lowered creditworthiness of main target groups, although it is rather difficult to foretell today by what specific percentage the prices will fall, in by-city terms.

In Q3, 2008, the mean prices for units launched to the market in Poland's largest cities oscillated between PLN 7,000, as in Wroclaw, and PLN 8,900 m

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