Wed, 21 Nov 07
The outlook for
The credit crisis this September left investors feeling somewhat uncertain where they should put their money and a little deflated by the property market, in general. We hope that our 2008 property price forecasts help to reassure investors that property is still a very viable option and our results prove, as we have said time and time again, that Central and
Property Secrets’ Chief Analyst Simon Tweddle forecasts his 2008 property price predictions using a combination of fuzzy analysis and hard economic facts to get a more rounded and clearer picture.
In a nut-shell, ‘fuzzy analysis’ is the balance between the hard location, so the tangibles such as infrastructure or the economic factors on a macro level through to a particular zone. And the clever bit the soft analysis which is a little harder to explain. This could be emotive factors such as the feel of a place, good or bad associations with a location or whether the area has a pleasant or ugly name.
Tweddle elaborates: These ‘soft’ factors are the ones that turn an average area into a desirable one which in turn will attract renters for your buy to let property. This is why we employ the ‘fuzzy analysis’ as a property investor wont find these key soft factors in any spreadsheet or annual book of economic statistics.
So here are our predictions for
The fundamentals of the Polish market are still strong, however with some cities taking a breather we will see less overall growth over the next 12 months than the last 12 months.
The market has cooled somewhat due to high prices, but wages are still growing, rental is picking up and for the next year we will see more steady sustainable growth.
Many overpriced mid-quality properties exist in
Salaries are picking up and investment is healthy. Infrastructure is improving. Prices are still low and have potential for further growth.
Low prices and relatively high wages mean that
Prices are quite high after a period of strong growth though wages aren't as out of kilter with prices as some other cities. There is still some room for moderate growth.
3rd Tier Cities
Prices in the 3rd tier cities in
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