Poland Property and the Economic Climate

The world economy is not in the best shape at the moment as many of us will know. Overseas property sales companies are probably gearing up for a turn for the worst, however they may not admit this.

I can't predict the future but I can say that it is quite certain that overseas property sales will decrease in 2008. We just can't keep us this relentless push to own property abroad with interest rates rising and economic uncertainty in the UK, USA and the rest of Europe.

There is a real worry that property prices in the UK will go the same way as they have in the United States where real estate values have fallen over the last couple of years. There is the possibility of this in the UK, however we have slightly different market dynamics to the US and so personally I can't see such a big fall in prices.

What will happen in the Polish market? I really don't know is the honest answer. With demand stronger than supply the market is still looking very healthy which is in contrast to many other markets, even other Eastern European markets are suffering price adjustments. The Baltic States of Latvia, Lithuania and Estonia has seen some quite sharp falls in value over the last few months.

Only time will tell what is going to happen to the property market in Poland, at the moment though, it looks great.