Sunday, April 6, 2008

Women And Hasbend In Girdles

Wroclaw Property End

http://www.nieruchomosci.com.pl/index.php ? s = artykul_pokaz & id = 123 mieszkanie na kilka sposobów

Director of the Wroclaw branch of estate agent Emmerson - Darek Konieczny - Asked about the pros and cons of investing in primary and secondary markets, and here is what you would expect housing prices in the coming months.

What are the current prices of flats?
minimum price on the primary market starts at around 5000 zł per meter, and ends in the vicinity of 15,000 zł per meter, while the average prices range from 6.5 to 8000 zł. The minimum on the secondary market with prices starting at nearly 5000, and ending up at 20 thousand per square meter in the best locations in the city center. Prices of housing both in the primary market and secondary markets are very diverse. Between the price of good central location and the price of housing in the periphery can have even a few thousand zł difference per square meter. It also follows from the difference in the calculation of the price on the primary and secondary market.

What is the difference
In the primary market to get a flat finish, and developers often add on additional amounts for the garage, patio, balcony or garden cell. The secondary market prices are used as a whole, unless this happens, the garage was a separate property, and you can buy it or not, but in most cases is assigned to a garage apartment. Price per square meter on the secondary market due to the total cost divided by the living area apartment, and additional issues such terrace, garage and quality finishes are already in it included, because the dispersion of prices in the secondary market is much larger. Sometimes the amount of this money can be confusing, because if we have on offer at the office apartment very well finished with high quality materials, with a large terrace, equipped and ready to put out a price per meter of the flat can go high, but compared with any other offer amount all this investment is not higher. In my opinion, in the future, it is the secondary market will generate higher prices, because most homes near the center in good locations can only be a secondary market. Amount of land near the center is very limited and therefore, in my opinion, in the longer term it will be raining here for top prices. Apartments in the center, renovated buildings will achieve higher prices than other flats in the secondary market.

is hard to believe if it goes beyond the market and look at the old, dilapidated buildings, which are still living in very poor condition, often with toilets in the corridors ...
for some time, you can extract the old houses, which, after renovation, will achieve the highest prices, as it happens around the world, but I think that then you will have to wait about 10 years. Similar changes have been observed in Warsaw, where I lived before coming to Wroclaw. There, over 57 years the increase in prices in the city center led to the fact that in those places that were less popular, more neglected, like for example the center of the city of Wroclaw, private investors bought all the houses, suggesting the people who lived there, the money or new apartments situated farther from the center. This meant that in a few years changed the nature of some, previously neglected places. Dwellings after the war, were divided into 5, 6 smaller ones, again combined into larger, more spacious. This is certainly an idea to invest the money in.

But these are ideas that can be heard for years, and the old districts, such as the famous Bermuda Triangle, the area of \u200b\u200bthe station Nadodrze look like they looked. Why?
interest of potential investors is high, particularly the Irish, Spaniards, Portuguese. Wroclaw is the city but especially in the sense that it has a lot of public housing. Warsaw has long since got rid of all municipal buildings, which could get rid of, offering the opportunity to buy them at the minimum. Such a good example of the capital's district of spindle, which was built for mill workers. Tenants of apartments there sold for 10 percent. The municipality gave up even with the grace period, so owners could Novice immediately after the buy sell these flats on. Many people took advantage of this opportunity, because it was a typical housing estate. Wroclaw is a matter of ingenuity authorities, the appropriate legal solutions, prices and competition. The city council can not just renew the old tenement houses, will need help from investors. If the person does not afford an apartment in an old building and setting out the money for its renovation, will be able to get adequate money and buy a flat for them somewhere else and something else with it that is, it will work right the market, as everywhere else. If the city can afford to build settlements, which can be transferred to the tenants komunalni ruined buildings, it will be able to control the sale. Previous actions of Wroclaw, at least on the outside, they give an effect. Wroclaw is one of the most popular cities in Poland, which continues to grow, attracting new investors.

the flats which are currently most in demand?
most desirable apartments are 2-3-bedroom with an area of \u200b\u200bapproximately 60-70 square meters, the prices certainly are not 15,000 per square meter (although these too have their clientele), but these not exceeding 6 000 zł per meter. Lack of development plans means that if the investors will acquire some areas, such as auctions, where prices reach astronomical sums, it is more profitable to build a luxury building and take up a lot of flats to be sold. The market lacks good deals - money that is appropriate for the relevant commodity. They are flat, the price of which is apparent from the wishes of the seller, because I heard that somewhere someone has reached the price of similar flats, but these flats both for investment and because of the location is usually not meet the expectations of buyers. This is often a matter of time staying on the market offers. If someone comes up with an absurd price, and will not be interested in this offer, a holder will depend on the sale, it will lower the price. When the market appears to be interesting living in a good price, the time the sale is short. The demand on the secondary market is comparable to the demand in the primary market. For some people it is not important, the market will buy the apartment, just for example, whether it will be able to immediately fill it. In the primary market have to take a loan for an apartment that has not yet no, but how is the first foreign visitors to pay the rent something else. Those who come to Wroclaw for some time and found themselves in a foreign environment, are not necessarily interested in whether dopilnowywaniem finish completing the formalities.

someone who dictates the prices? Primary market to secondary or vice versa?
In most cases, the prices have the greatest impact on the primary market, because here are donated new homes, and depending on how much is it in the market, this translates into other prices. Today number of dwellings built is far too small relative to needs, so the best ones, preferably located are sold during construction or before the commencement of any construction. The downside of this situation is that we do not have the end of certainty what it will be too flat, which it will be a developer, how it will be built. This involves some risk, although certainly less than 10 years ago. On the secondary market risk is lower because of interest to us, we can see the apartment before buying, we can see how the community works, what is the neighborhood, who manages the property, and the primary market is more unknowns. The primary market has not kept pace with the needs of the population not only in Wroclaw, Poland, but throughout, it involves mainly the lack of spatial plans, so if you want to now buy an apartment in a good location, well located, with good distribution, in principle, plans to buy dwelling. What

property from the primary market as soon as they return to the secondary market?
the one hand, part of the estate total returns before the occupation, because there are people who only buy investments. Price for which the developer sells the apartment at the end of the construction is different from that which had the first buyer. In addition, the first flats are generally better location in the building, so it can be even more expensive than homes that have been in the developer, because they are attractive. On the other hand, the market quickly lower back flat, usually two-bedroom, 40-foot-50, which first bought young people starting work, but usually after several years, they come to the secondary market, because the former owners looking to improve the conditions and buy more. If you do not look at it purely for investments, from my point of view, again, is these homes are most attractive to live in, because it can be found in new buildings, but on the other hand, someone has lived in them and had time come to light any possible defects in these apartments, if there were. The building has already formed a community, the neighbors to know each other, because of these dwellings is known by more than buying the plans.

What is your forecast for Wroclaw in the coming years?
in the near future most likely is further stabilized prices, which will choose among the available jobs. Increasingly, we will be able to buy apartments built, rather than plans. Most would help create new development plans, especially on the outskirts, where there are still many places where you can build. On the other hand, investment in the center are less risky because these apartments will surely not lose its value. What happened in that year in Wroclaw, it is difficult to call the normal situation, prices increased on average by 70-80 percent in that time, investment in anything was a good investment. At this time, the prices slowed down, because Classifieds equaled already in Warsaw and Krakow prices. Of course, in the long term, property prices will continue to grow, but slowly, up 10-15 percent over the year. That's what happened in Wroclaw, certainly will not happen again, but a similar situation could happen in other cities. Limit further price increase is primarily due to our earnings. Thinking of investment capital, typically, the more you can earn on land plots for detached houses on the outskirts and in the vicinity of Wrocław, because at this time, housing prices in the center are so high that instead of trzypokojowego apartment in the center can have house later in the location or the city, because some people will prefer to choose a house, especially since society is increasingly mobile.

Interviewed by Anna Andrusyszyn-Wojtasik
(Market Lower Silesia in March 2007)

0 comments:

Post a Comment