Saturday, November 25, 2006
what's going to happen in 2007?
Krakow, Poland's third biggest city and second real estate market is just some 70km east of Katowice. Buying an apartment in Krakow is twice as much expensive as in Katowice. However, renting a similar apartment costs more or less the same.
It is said, than most of the demand for apartments in Krakow is driven by foreign investors, both speculative and long term. At current price and rent level the average capitalization rate reached 4% this summer.
Since Katowice offers capitalization rate of 8%, and is a core city of 8th EU's urban area, what's going to happen in 2007?
It is said, than most of the demand for apartments in Krakow is driven by foreign investors, both speculative and long term. At current price and rent level the average capitalization rate reached 4% this summer.
Since Katowice offers capitalization rate of 8%, and is a core city of 8th EU's urban area, what's going to happen in 2007?
