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Little feet big housing

The smaller premises, the price for his sqm. higher. In Warsaw, Poznan and Gdansk is different: more expensive meters are larger apartments


• What impact on the price per sqm. its surface is flat? They checked analysts Emmerson. Reviewed the bids used in housing, which in five cities dictated seller in April and May this year. Analysts have taken note that in the smaller homes more "participation" in the size of the property are the kitchen and bathroom. - A performance of these facilities, due to gas systems, sanitation, etc. is the most expensive - explains all aware of Emerson.

• The analysis shows the meantime, the price per square meter. smallest housing is not the highest. In Warsaw in April and May this year. the highest rates of bids related to the premises from 41 to 60 sqm. Emerson Calculations show that the average price per sqm. such housing is 8.9 thousand. zł. - There are usually two-flats, and small three-room - he says all aware.

• For comparison sqm. used premises in Warsaw, where the surface does not exceed 40 sqm. averaged 8.7 thousand. zł. More expensive by about 30 zł is sqm. capital premises, which begins with footage from 81 square meters.

• A similar situation is in. Here is also the most expensive is sqm. flats from 41 to 60 sqm. - Need for him to spend an average of 5.9 thousand. zł. Sqm. major venues, over 81 sqm., costs in the city average of 5.7 thousand. zł. On sqm. smallest units in Poznan must deliver a minimum, because the 5.2 thousand. zł.

• Cheap meters are also used in small premises in Gdansk. Per sqm. housing up to 40 sqm. There will pay an average of 6.1 thousand. zł, while the larger ones, 41 to 60 sqm. costing an average of 6.4 thousand. zł per sqm. Cheapest Gdansk is the largest housing meters - costing 5.9 thousand. zł.

• In contrast, in Krakow. Here are the most, because the average 7.4 thousand. zł, we will spend the sqm. the smallest apartment. For larger apartment, from 61 to 80 sqm. in this city will pay an average of 6.9 thousand. zł per sqm. Sqm. major venues already costs an average of 7.1 thousand. zł.

• Emerson analysts explain the relatively high price per sqm. largest housing that, in the pool premises with an area of \u200b\u200b81 sqm., there are many suites that are expensive because of the higher standard. - At the level of rates per square meter. flat affect the interest of potential buyers, which translates into the amount of demand. Recently, the most popular small two-bedroom apartments - explains Jaroslaw Skoczeń.

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Houses getting cheaper

In large cities, the purchase cost on average about 30 - 60 000 PLN less than in the first quarter of last year. We buy mainly small apartments, giving them 200 - 400 thousand. zł. This year you can still count on falling prices

average for an apartment in Warsaw we paid in the first quarter of this year, more than 464 thousand. zł , while a year earlier - 499 thousand. zł. Thus, during the year the overall average transaction price for commercial property fell by about 35 thousand. zł - according to new data center AMRON and the Union of Polish Banks.

In Krakow difference is even greater. In the first quarter of last year the average total price for the premises amounted to 428 thousand. zł, and this year - 375 thousand . zł . During the year, therefore, decreased by more than 50 thousand. zł. However, in Bialystok, analysts have noted AMRON at this time a decrease of over 60 thousand. zł, will see an average price of flats fell by more than 40 thousand. zł.

From such differences? - A decline in average prices overall have two basic reasons - reduced rates for the apartment and change the structure of the market. Put simply, we buy a bit smaller and cheaper apartments - explains George Ptaszynski, an analyst with the Center AMRON. Why

less

similar opinion Sztejter Paul, a partner at consulting firm Reas: - total housing prices are lower in comparison with those of the year, because the transaction are less places. The average price per not decreased significantly, but the total price - due to a reduction flat surface - clearly declined - considers Sztejter. - Business development, seeing that after the crisis of their customers' purchasing power has decreased, declining Calling Mr offer for different categories of housing. For example, a typical sold out two rooms are no longer 55 sqm., Only 40 - 45 sqm. Cheaper deals, even at the expense of running time, are selected because of the decline in the creditworthiness of buyers.

the Warsaw market, the vast majority of customers can afford to buy a home at a price not exceeding 300 - 400 thousand. zł, using credit to 80 percent. property values.

Grząbka Paul, CEO of consulting firm CEE Property Group, says that the average transaction prices undercut housing purchases on the secondary market. - Here is a large oversupply. To sell the property sometimes comes after a year or even longer time since the issue of the offer. Moreover, it is likely that the seller just because of the long waiting period urealnili their expectations. You could say that he is slowly forgotten, what price could reach for his apartment during the boom period - explains Grząbka.

restatement of his view on the primary housing could reach during the year up to 5 percent. and had rather a marketing message.

What next

you during the year may further cheapen housing? Waldemar Oleksiak, Agent Management at Emerson, which is a mediator and adviser in the property market, says that developers - especially big players in the market - still have some reserve to cut prices in a situation where housing is no longer sold by them within the prescribed time.

Since 2008, we observe a downward trend in the prices of new and used units. It can be expected that this trend will continue in the near future, but do not count on the sharp downturn of the market and large drops bid - adds Oleksiak. - Our analysis shows that the average difference between the bid and the transaction is now 3 - 4 percent.

Paul Sztejter predicts that within the next year can be expected to stabilize the average house price with the possibility of a slight decline. - But not more than 5 percent. Note, however, that the reduction will mean a greater extent the consequence of increasing segment share of cheaper housing.

Ptaszyński George notes that the significant increase in the number of dwellings built (in 2010 compared to 2009) and subsequent reduction in demand (elimination or reduction of the "Family at home" and the recommendations of the FSC) should contribute to the consolidation trend of decline housing prices.